Tom Wheelwright

Tom Wheelwright

Guest Writer
CPA, Author and Founder and CEO of WealthAbility

About Tom Wheelwright

Tom Wheelwright is a leading tax and wealth expert, CPA, and¬†author of Tax-Free Wealth. As CEO of WealthAbility¬ģ, Wheelwright helps entrepreneurs and investors build wealth through practical strategies that permanently reduce taxes.

More From Tom Wheelwright

Finance

5 Questions Entrepreneurs Should Ask Their CPAs to Reduce Audit Risk

You don't need to approach this spring in fear of the IRS.
Finance

5 Year-End Charity-Donation Questions for Your CPA

Ask your accountant what organizations qualify, how to give and what documentation is needed.
Finance

9 Year-End Ways to Maximize New Tax-Law Deductions

Ask your CPA these questions to avoid misunderstandings.
Money

7 Steps to Reduce Your Taxes by 10-40% Permanently

These tactics can can add up to millions in tax savings over a lifetime.
Finance

5 Ways That Billionaire Warren Buffett Pays a Lower Tax Rate Than His Secretary

How Warren Buffett navigates the taxes on his income.
Rental Property

9 Airbnb Rental Tax Deductions You Can Take for Your Vacation Properties

Maximize your short-term rental tax savings with the new federal deductions and the 14-day rule.
Taxes

How the Top Five 2020 Democratic Candidates' Tax Plans May Impact Entrepreneurs

It's important to educate ourselves about the proposals of Biden, Sanders, Warren, Harris and Buttigieg -- vs. those of the GOP.
Tax Deductions

The 3 New Tax Law Deductions You Probably Missed This Tax Season

Entrepreneurs can "save way more money and pay way less taxes" in 2019. But first they have to understand the new deductions.
Taxes

April 15 Is Almost Here! Here Are the 6 Tax-Filing Questions Entrepreneurs Should Ask Tax Preparers Now.

Extensions? Home office? Automobiles? Inventory? Real estate deductions? Find out the new tax law affects your bottom line.
Tax Deductions

5 Legal Deductions for Entrepreneurs With the New Tax Law's 'Consumption' Approach

Here's how to maximize your business deductions for inventory, automobiles, equipment, real estate and energy.
Taxes

Why Entrepreneurs in 2019 Should Play the 'Chess' Version of Taxes, Not the 'Checkers' One

Before embarking on this year's game of taxes, review your strategy so that every transaction puts money back into your pocket.
Business Taxes

6 Misunderstood Business Tax Deductions for Your 2018 Year-End Planning

This is the first year that the new Tax Cuts and Jobs Act of 2017 will impact your tax returns. So, give your tax advisor a call.
Taxes

6 Year-End Tax-Planning Questions Entrepreneurs Should Ask to Maximize Their 2018 Savings

You can realize big savings if you understand the details about the Tax Cuts and Jobs Act of 2017. So, don't wait until year's end.
Business Taxes

How Entrepreneurs Can Significantly Reduce 2018 Taxes by Choosing the Right Business Entity

Move now to evaluate your filing options as: 1) a self-employed individual; 2) an S Corp; 3) a C Corp; or 4) an LLC
Business Taxes

How Will the 'Wayfair' Supreme Court Decision Affect Retailers? 5 Ways.

While major retailers like Amazon, Target and Walgreens may see little impact, it's small businesses that need to pay more attention to these changes.

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