老板留言 – English

Dear Clients and Friends,

Did you know that starting a business in the U.S. is a very simple and convenient process? However, according to government data, only 5 out of every 100 newly established businesses are still operating after five years—and those 5 may not even be profitable. Some may be running at a loss, or the owner may not be earning enough to pay themselves a salary.

From someone with firsthand experience, I am fully aware that running a business in the U.S. requires much more time and effort than maintaining a regular job. You need strong persistence and belief, combined with patience and hard work. In addition, you need a bit of luck and the right timing to build a profitable business. That's why many folks in the younger generation prefer being an employee rather than starting their own venture—it carries less risk and fewer worries.

But if you have a vision or idea, it's still important to take action today—because if you don't try, you'll never know the outcome. If you try and it doesn’t work out, the worst-case scenario is closing down the business, but if you succeed, your life can become much more exciting and rewarding.
At W.C. Tax and Consulting, we deeply understand the challenges and frustrations that come with starting a business. We offer regular constructive advice to clients along their entrepreneurial journey and ensure that all government requirements are properly handled.

Aside from navigating business challenges, we also specialize in personal taxation matters. In the world of personal taxes, a standard individual tax return is usually simple enough for most people to file on their own. However, the government changes its tax rules and regulations every year, making return filings more and more complicated. Additionally, if you experience any type of special financial situation in a given year, you may need to file special uncommon forms.

We've seen many people try to prepare taxes on their own for a few years, only to become frustrated due to its complexity—wasting time, making mistakes, or even triggering audits and penalties. So, if you're not 100% confident or simply don't want to waste valuable time, it's better to let one of our professional tax specialists handle it for you.

Let us take care of government and tax related matters while you focus on bringing your ideas and visions to life.

Sincerely,
Wai Cheung
Enrolled Agent, CFP®