CPA and CEO of WealthAbility®
Wheelwright emphasizes, "Most CPAs are barely scratching the surface with all the tax savings in the new Tax Cuts and Jobs Act of 2017, don't hold regular strategy meetings with clients, and focus too much on crunching numbers versus long-term planning to help clients reach their life dreams faster."
After presenting at live events in 2019 to thousands of entrepreneurs and small business owners around the world, Wheelwright will cover the top five new tax law deductions that are being overlooked, including: 1) 20% Pass-Through Deduction (Qualified Business Income), 2) Small Business Stock Gain Exclusions (Section 1202), 3) New Inventory Deductions, 4) Bonus Depreciation for real estate investors and 5) Automobile Deductions with a Home Office.
WealthAbility® CPA EVENT:
During this 3-day year-end planning event, CPAs will learn how to:
- Correctly apply the most under-used and misunderstood provisions in the tax law.
- Create client wins that most CPAs don't realize they're missing.
- Command and collect higher fees your client will be eager to pay.
- Maximize the 20 percent pass-through deduction by looking at different approaches.
- Use the Section 1202 to eliminate gain on the sale of a business, even if the client is currently an S corporation.
- Apply the real estate bonus depreciation deductions for maximum savings.
- Avoid the interest limitation rules for clients.
- Evaluate whether clients should buy an automobile for the tax deduction before year-end.
*CPE Credits will apply for qualifying states.
CPAs can RSVP for this WealthAbility®
Bottom line, Wheelwright urges all CPAs to take more continuing education on the new tax law in November while there is still be time to advise clients on how to proactively take action before
NOTE: This event is NOT for CPAs or tax accountants looking to fulfill CPE credit hours, with a monotone, unpassionate, uninspired speaker rehashing a canned PowerPoint about some obscure accounting technicalities. Instead, it's a career changer with a truly passionate Tax Strategist who wants to help CPAs build wealth and change the world for their business and clients.
To help CPAs build their practice and create wealth, Wheelwright launched the WealthAbility® Network. It's a global network of CPAs dedicated to helping CPAs guide clients towards achieving "tax-free wealth." After completing the certification process, CPAs in this network may be referred clients by WealthAbility™. The four pillars of certification include: Training and Education, Teambuilding, Systems and Procedures, and Mission and Identity. Members receive exclusive, in-depth instruction on how to apply proven wealth-building and tax-saving strategies from Wheelwright's best-selling book, Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes. In addition to private, in-person mastermind events and personalized coaching, members will receive ongoing training for building a profitable, innovative accounting practice that serves high-caliber clientele. To join the WealthAbility® Network, a CPA must have an existing practice, tax consulting experience, a strong desire to improve the way they serve their clients and pass all necessary certification tests. https://wealthability.com/thenetwork/