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. - CPA Tom Wheelwright
TEMPE, Arizona (PRWEB) November 14, 2019
CPA and CEO of WealthAbility® Tom Wheelwright will teach the Top 2017 Tax Act Mistakes and Opportunities this November 21-23, 2019, to help CPAs with year-end planning for their clients and CPE credits*. Many tax professionals missed major deductions for clients last year, and Wheelwright’s goal is to reduce the mass confusion by Tax Advisors who are trying to keep up with over 1000+ pages in the new tax law.
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: November 21-23, 2019: The Top 2017 Tax Act Mistakes and Opportunities (20 CPE Credits) is for Private Practice CPAs, and will highlight the HOW versus the WHAT for year-end planning steps that every CPA needs to take now to maximize tax savings for clients.
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® November 2019 Event here:
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 December 31, 2019. And because some changes can take weeks to make, such as changing a business entity, it’s best for CPAs to take a refresher course now.
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.
Media Contact, Liz Kelly, 310-987-7207
WealthAbility® Network for CPAs
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/
ABOUT TOM WHEELWRIGHT
CPA Tom Wheelwright is an International Tax Strategist, Legislator and Educator, who is a sought-after expert in both tax legislation and tax planning. Wheelwright is CEO of WealthAbility®, Best-Selling Author of Tax-Free Wealth, Owner and Active CPA for Wheelwright Manahan, Speaker, Entrepreneur and Host of 2 popular podcasts, including The WealthAbility® for CPAs Show. Wheelwright advises CPAs, accounting professionals, small business owners, entrepreneurs and investors on how to permanently and legally reduce their taxes by 10-40%. Previously, Wheelwright was a Manager in the National Tax Office of Ernst and Young, Professor in the Masters of Tax Program at Arizona State University for over 15 years, and Fortune 500 in-house tax advisor and tax lobbyist. Wheelwright was in Washington D.C. when the last major Tax Act was implemented in 1986, and created educational courses on the new legislation. He wrote testimony given before the National IRS on Interest Tracing Regulations. And Wheelwright is contributor and source to The Tax Advisor, The General Partnership of Taxation, Taxation For Accountants, Taxation for Lawyers, and Tax Notes. He is also a regular tax contributor to Entrepreneur Magazine, Accounting Today, The Wall Street Journal, National Public Radio, Marketplace, and many more media. https://tomwheelwright.com/