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Progressive Updates

progressive updatesBy Jason Watson, CPA
Posted Wednesday, October 18, 2023

The tax law is continuously changing from the acts of our government, to the decisions by the Tax Court and Federal courts, and through notices and private letter rulings from the IRS. In addition to changes, other topics of interest pop up in various trade journals such as Journal of Accountancy, Tax Adviser and Kiplinger’s Tax Letter. As we discover other issues concerning LLCs, S Corporations and self-employment taxes, we want to get the word out right away.

More importantly, the frequent business consultations we perform and the questions we field provide a steady stream of new ideas that are worthy of being wormed into this book. So here’s to you- the curious small business owner helping others.

More importantly, the frequent business consultations we perform and the questions we field provide a steady stream of new ideas that are worthy of being wormed into this book. So, here’s to you- the intellectually curious small business owner helping others.

Currently this book is our 2023-2024 Edition and includes little tweaks here and there. Nothing too crazy like we had the last two editions- between the Tax Cuts & Jobs Act of 2017 and COVID, there were plenty! One of the biggest changes to the paperback version is the removal of the two chapters for Section 199A and the Qualified Business Income deduction. The book was getting too darn thick like Ms. Riley’s glasses in My Cousin Vinnie.

We encourage you to visit our website for information on updates-

wcginc.com/book

In addition, please check out our blog from time to time for discussion of current tax issues-

wcginc.com/blog

Note: As much as we attempt to update our book periodically throughout the year, our blog posts allow us to provide more frequent updates. We encourage you to visit. We are a tax and consultation firm first, and a book-writing firm second; we kindly ask for some patience.

Taxpayer’s Comprehensive Guide to LLCs and S Corps 2023-2024 Edition

LLC's and S Corps bookTaxpayer’s Comprehensive Guide to LLCs and S Corps 2023-2024 Edition This KB article is an excerpt from our 420+ page book (some picture pages, but no scatch and sniff) which is available in paperback from Amazon, as an eBook for Kindle and as a PDF from ClickBank. We used to publish with iTunes and Nook, but keeping up with two different formats was brutal. You can cruise through these KB articles online, click on the fancy buttons below or visit our webpage which provides more information.

Taxpayer’s Comprehensive Guide to LLCs and S Corps

Learn the latest tax updates and insights for small business owners in the 2023-2024 Edition.

LLC's and S Corps book

Kindle - Taxpayer's Comprehensive Guide to LLCs and S Corps

Learn the latest tax updates and insights for small business owners in the 2023-2024 Edition.

PDF - Taxpayer's Comprehensive Guide to LLCs and S Corps

Read about tax updates for small business owners in the 2023-2024 Edition, in an accessible PDF!

Wanna Talk About Your Small Business?

Please use the form below to tell us a little about yourself, and what you have going on with your small business or 1099 contractor gig. WCG CPAs & Advisors are small business CPAs, tax professionals and consultants, and we look forward to talking to you!

The tax advisors and business consultants at WCG are not salespeople; we are not putting lipstick on a pig expecting you to love it. Our job remains being professionally detached, giving you information and letting you decide within our ethical guidelines and your risk profiles.

We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn’t make it a good idea. In other words, let’s not automatically convert “you can” into “you must.” Yes, it is fun to brag about how complicated your world is at cocktail parties, but let’s not unnecessarily complicate it for the bragging rights.

Let’s chat so you can be smart about it.

We typically schedule a 20-minute complimentary quick chat with one of our Partners or Senior Tax Professionals to determine if we are a good fit for each other, and how an engagement with our team looks. Tax returns only? Business advisory? Tax prep, and more importantly tax strategy and planning?

Should we need to schedule an additional consultation, our fee is $250 for 40 minutes. Fun! If we decide to press forward with a Business Advisory or Tax Patrol Services engagement, we will credit the consultation fee towards those services.

Text WCG Offices

Need to get in touch through a quick text?  We’ll respond back as soon as we can.

Call Our Amazing Team

If you need to speak to someone, we’re good listeners!  Give us a call and we’ll help you out!

Chat With a Tax Pro

Taxes are complicated.  We make them simple.  Get in touch with a pro here at WCG!

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