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WealthAbility Townhall American Rescue Plan

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CPA Tom Wheelwright explains latest stimulus package

Tom Wheelwright, CPA and CEO of WealthAbility®, held a live virtual town hall event to discuss the opportunities available in the American Rescue Plan and answer viewer questions regarding the stimulus bill, new tax filing deadline and more.

The American Rescue Plan is one of the biggest government handouts in modern history, Wheelwright explained, and it is important for people to understand the benefits available to them as well as how those opportunities fit into their overall tax and wealth-building strategies.

Wealthability Weekly Report

<img data-lazy-fallback="1" width="1000" height="563" alt="Wealthability Weekly Report" title="WealthAbility Weekly Report" data-srcset="https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=1000&ssl=1 1000w, https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=300&ssl=1 300w, https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=768&ssl=1 768w, https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=980&ssl=1 980w, https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=480&ssl=1 480w, https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=600&ssl=1 600w" data-recalc-dims="1" data-src="https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?resize=1000%2C563&ssl=1" data-sizes="(max-width: 1000px) 100vw, 1000px" class="wp-image-34407 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" /><noscript><img data-lazy-fallback="1" width="1000" height="563" src="https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?resize=1000%2C563&ssl=1" alt="Wealthability Weekly Report" title="WealthAbility Weekly Report" srcset="https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=1000&ssl=1 1000w, https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=300&ssl=1 300w, https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=768&ssl=1 768w, https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=980&ssl=1 980w, https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=480&ssl=1 480w, https://i0.wp.com/wealthability.com/wp-content/uploads/WealthAbility-Weekly-Report.jpg?w=600&ssl=1 600w" sizes="(max-width: 1000px) 100vw, 1000px" class="wp-image-34407" data-recalc-dims="1" />

Tax-Free ebook image with Amazon

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Latest Posts

WealthAbility® Named to Inc. 5000 “Fastest Growing Companies in America” List

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WealthAbility® Named to Inc. 5000 “Fastest Growing Companies in America” List

Inc. magazine has recognized WealthAbility® as one of the fastest-growing companies in America....

IRS explains how it will tax Bitcoin, other cryptocurrencies

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IRS explains how it will tax Bitcoin, other cryptocurrencies

Bitcoin, Ethereum and other cryptocurrencies have been rising in popularity, and the IRS is taking...

Town Hall Event: Q & A on New Stimulus Bill, President-Elect Biden’s Tax Proposals and More

<img data-lazy-fallback="1" src="https://i0.wp.com/wealthability.com/wp-content/uploads/Tax-Advisor-1.jpg?resize=400%2C250&ssl=1" alt="Town Hall Event: Q & A on New Stimulus Bill, President-Elect Biden’s Tax Proposals and More" class="" srcset="https://i0.wp.com/wealthability.com/wp-content/uploads/Tax-Advisor-1.jpg?fit=600%2C400&ssl=1 479w, https://i0.wp.com/wealthability.com/wp-content/uploads/Tax-Advisor-1.jpg?resize=400%2C250&ssl=1 480w " sizes="(max-width:479px) 479px, 100vw " width="400" height="250" />

Town Hall Event: Q & A on New Stimulus Bill, President-Elect Biden’s Tax Proposals and More

Tom Wheelwright, CPA and CEO of WealthAbility®, held a virtual Town Hall event to discuss the...

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Around the web: Recent articles and interviews

Income Tas

<img data-lazy-fallback="1" width="640" height="426" src="https://i0.wp.com/wealthability.com/wp-content/uploads/income-tax-4097292_640-1.jpg?resize=640%2C426&ssl=1" alt="Income Tas" title="Income Tax" srcset="https://i0.wp.com/wealthability.com/wp-content/uploads/income-tax-4097292_640-1.jpg?w=640&ssl=1 640w, https://i0.wp.com/wealthability.com/wp-content/uploads/income-tax-4097292_640-1.jpg?resize=300%2C200&ssl=1 300w, https://i0.wp.com/wealthability.com/wp-content/uploads/income-tax-4097292_640-1.jpg?resize=480%2C320&ssl=1 480w, https://i0.wp.com/wealthability.com/wp-content/uploads/income-tax-4097292_640-1.jpg?resize=600%2C399&ssl=1 600w, https://i0.wp.com/wealthability.com/wp-content/uploads/income-tax-4097292_640-1.jpg?resize=272%2C182&ssl=1 272w" sizes="(max-width: 640px) 100vw, 640px" class="wp-image-37048" data-recalc-dims="1" />

Democrats Have Control of Washington. What Does That Mean for Taxes?

Historically, Democrats are usually in favor of raising taxes, specifically for high-income earners. With President Biden now in office, the House of Representatives controlled by Democrats, and a split Senate, it’s no surprise that many entrepreneurs are wondering if Biden’s big plans for taxes will come to fruition. Here’s what tax changes are likely in store during the Biden presidency.

Published on Entrepreneur.com

Stimulus Bill

<img data-lazy-fallback="1" width="640" height="426" src="https://i0.wp.com/wealthability.com/wp-content/uploads/one-69528_640.jpg?resize=640%2C426&ssl=1" alt="Stimulus Bill" title="Stimulus Bill" srcset="https://i0.wp.com/wealthability.com/wp-content/uploads/one-69528_640.jpg?w=640&ssl=1 640w, https://i0.wp.com/wealthability.com/wp-content/uploads/one-69528_640.jpg?resize=300%2C200&ssl=1 300w, https://i0.wp.com/wealthability.com/wp-content/uploads/one-69528_640.jpg?resize=480%2C320&ssl=1 480w, https://i0.wp.com/wealthability.com/wp-content/uploads/one-69528_640.jpg?resize=600%2C399&ssl=1 600w, https://i0.wp.com/wealthability.com/wp-content/uploads/one-69528_640.jpg?resize=272%2C182&ssl=1 272w" sizes="(max-width: 640px) 100vw, 640px" class="wp-image-37050" data-recalc-dims="1" />

How Does The New Stimulus Bill Affect You?

Like the CARES Act, the newest stimulus bill has brought significant changes not only to entrepreneurs but individuals, too. While some relief is immediate, some updates last through 2022. As with any new tax opportunity, it’s crucial to examine each and determine how you can maximize them. Here’s how the new bill will affect you.

Published on Entrepreneur.com

Modern Monetary Theory

<img data-lazy-fallback="1" width="640" height="427" src="https://i0.wp.com/wealthability.com/wp-content/uploads/america-3125467_640.jpg?resize=640%2C427&ssl=1" alt="Modern Monetary Theory" title="Modern Monetary Theory" srcset="https://i0.wp.com/wealthability.com/wp-content/uploads/america-3125467_640.jpg?w=640&ssl=1 640w, https://i0.wp.com/wealthability.com/wp-content/uploads/america-3125467_640.jpg?resize=300%2C200&ssl=1 300w, https://i0.wp.com/wealthability.com/wp-content/uploads/america-3125467_640.jpg?resize=480%2C320&ssl=1 480w, https://i0.wp.com/wealthability.com/wp-content/uploads/america-3125467_640.jpg?resize=600%2C400&ssl=1 600w, https://i0.wp.com/wealthability.com/wp-content/uploads/america-3125467_640.jpg?resize=272%2C182&ssl=1 272w" sizes="(max-width: 640px) 100vw, 640px" class="wp-image-37051" data-recalc-dims="1" />

What is Modern Monetary Theory?

Modern Monetary Theory (MMT) has gained mainstream popularity in recent years with Senator Bernie Sanders of Vermont and Representative Alexandria Ocasio-Cortez of New York sharing their support of the theory. In simple terms, MMT believes that countries that print their own currency can never run out of money (technically, a true statement).

Published on Entrepreneur.com.

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Wealthability Weekly Report

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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.

CREDIT: CASHFLOW Quadrant was created by Robert Kiyosaki. To learn more about the power of CASHFLOW Quadrant, go to www.richdad.com. Used with permission of CASHFLOW Technologies, Inc. All rights reserved. This grant of permission is not an endorsement of Mr. Wheelwright, WealthAbility®, LLC or the content of this course.