S Corp Benefits – Avoid Self-Employment Taxes

Always feel free to call us at 719-387-9800. Our offices are closed on Fridays May thru November, but we periodically check our voicemail to ensure nothing is on fire or to see if someone is offering free beer.

The Watson CPA Group and Jason Watson have released the 2018 Edition of Taxpayer’s Comprehensive Guide to LLCs and S Corps. 320 pages of pure pleasure! We went through a major revision following the Tax Cuts & Jobs Act of 2017 including Section 199A deductions for small businesses. Yeah, no kidding.

We have several examples showing how the Section 199A works, why S corporations remain a great tool for tax savings and why reverting to a C corporation is a bad idea. We also express questions about old school Schedule C deductions and business combinations (owned by the same person / entity) where one business qualifies for the Section 199A deduction and the other does not. Frankly the Section 199A stuff is only about 25 pages of the material… the rest is good ol’ fashion business stuff!

It is available in paperback for $24.95 from Amazon and as an eBook for Kindle for $17.95. Our book is also available for purchase as a PDF from ClickBank for $12.95. Why do we all love 95 cents? We all know that 12.95 is really 13 bucks. At least we are not like gas stations… $12.949. Silly! Yet we digress. Apple iBook, Barnes and Noble Nook, among others are being updated… since these formats are more “static” and given the quantity of revisions, etc., we are delaying these file formats.

Before you spend your money, we encourage you to review the highlights below and download a sample of Taxpayer’s Comprehensive Guide to LLCs and S Corps by using the following button-

But if you saying to yourself, “Self, just get the darn book and start taking care of business” then click on one of the buttons below-

Here are some testimonials to make you feel better (of course we only picked the good ones… just like referrals)-

Britt S., Esq. says, “Thank you so much for speaking with me last week! You are amazing and I greatly appreciate all of the information you emailed me. I am in complete adoration of your book!”

Lisa A. says, “Detailed information about the pros and cons of creating a small business. Lots of great detail about the tax benefits and consequences. NOT a ‘dummies’ book – it assumes you already have some background knowledge.“

Brett B. says, “I read your ‘Comprehensive S Corp’ book. Wow. You blew my mind. I thought I understood S Corps.”

Larry M. says, “I found it helpful, but could have gone into a little more detail. There is one main way to save money as an s corp, and how to determine ‘how much you can get away with’ could have been expanded on a bit more. Otherwise, pretty good guide.“

M.S. says, “Great read for first time self-employed corp owners. Covers all the main basic of taxes and caveats. Well written and simple to understand for those not well versed in tax law.“

If you buy our 308-page book and think that we didn’t help you understand small business tax law or the benefits of S corporations, let us know. We never want you to feel like you wasted your money. If you are ready to add some insightful reading into your day, click on one of the preferred formats. Amazon is processed by Amazon, and the PDF is safely processed by ClickBank who will email you the PDF as an attachment.

Warning- we are in the middle of converting to MOBI and EPUB eBook formats (painful), so please use the Amazon (paperback) and PDF buttons below-

We can send you the eBook formats once our conversion is completed (around January 2018) at no charge if you have already purchased the paperback or PDF versions. Simply email us for your courtesy copy.

Section 199A deduction also known as the Qualified Business Income deduction arises from the Tax Cuts & Jobs Act of 2017. This is a significant tax break for small business owners but there are rules and limits of course. We have written a short article which outlines what is considered a qualified business for the qualified business income deduction including the dreaded specified service trade definitions (which is easily summed up as “any trade or business where the principal asset is…

 
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