Premier Business Solutions

Premier Business Solutions Helping elite business owners maximize profits and minimize liabilities. We are your trusted partner in success. She holds an M.B.A.

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We use our 20+ years of experience while working with elite business owners to determine how much we can save them in taxes vs how much they owe. Our goal is to make your business as profitable as possible while keeping your tax liability as low as allowed by law. Our firm is large enough to offer multiple ranges of professional services but small enough to give you the

individual attention that you deserve. We focus on planning for you, your family, your business, and your future. We continually stay on top of up-and-coming tax law changes to ensure you implement all strategies so your business can work for you while minimizing taxes and increasing profits.

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Wanda S. Watson, EA, a tax strategist, is the owner and founder of Premier Business Solutions, a tax planning, and accounting firm located in Chesapeake, VA and services clients throughout the U.S. Premier Business Solutionā€™s flagship service consists of assisting elite entrepreneurs with saving thousands of dollars in taxes and increasing profits. They also provide services including IRS negotiations, tax preparation, and outsourced CFO services for businesses. Wanda is licensed with the Internal Revenue Service (IRS) as and Enrolled Agent (EA). in Accounting from Colorado Technical University and a B.S. in Accounting from Old Dominion University. Prior to establishing Premier Small Business Solutions, Wanda worked as senior staff accountant for a Virginia CPA Firm, a managing staff accountant for a Fortune 500 accounting firm as well as an Accounting Technician for the Armed Forces in Travel Disbursements, Paying and Collecting and the Commissary. Her passion is enabling the taxpayer to save on taxes while remaining compliant as well as assisting taxpayers who find themselves in the unfortunate situation of needing assistance mediating with the IRS.

Be sure to electronically file. Returns that are mailed are taking approximately 600 DAYS before theyā€™re processedā€¦. The...
09/03/2026

Be sure to electronically file. Returns that are mailed are taking approximately 600 DAYS before theyā€™re processedā€¦. The IRS is currently finishing up manual returns from 2023ā€¦.

09/03/2026

šŸšØ STARTING A BUSINESS?

Those expenses youā€™re paying before your business officially opens could have tax implications you donā€™t want to overlook.

But hereā€™s the catch: not every startup expense is treated the same way, and timing can matter.

Planning to launch a new business? Talk to us before you start spending so you know what to consider from the beginning.

šŸ“© Contact Premier Business Solutions for guidance on building a tax-smart strategy for your new business.

Starting a business comes with plenty of expensesā€”but are you taking advantage of the tax opportunities available to you...
09/02/2026

Starting a business comes with plenty of expensesā€”but are you taking advantage of the tax opportunities available to you? šŸ‘€

Some start-up costs may qualify for valuable tax treatment, but when you spend the money and when your business officially begins can make a difference.

Planning to launch or purchase a business? Donā€™t wait until tax time to find out what you could have done differently.

šŸ“© Contact Premier Business Solutions before you open your doors and letā€™s talk about your tax strategy.

šŸšØ MISSED YOUR RMD? DONā€™T PANICā€”BUT DONā€™T IGNORE IT.Missing a required minimum distribution can lead to an unexpected tax...
09/01/2026

šŸšØ MISSED YOUR RMD? DONā€™T PANICā€”BUT DONā€™T IGNORE IT.

Missing a required minimum distribution can lead to an unexpected tax penalty. But depending on the circumstances, you may have options. šŸ‘€

The key is knowing what to do nextā€”and acting before a small mistake becomes a bigger tax problem.

Think you may have missed your RMD?

šŸ“© Contact Premier Business Solutions to discuss your situation and find out what steps you may need to take.

08/26/2026

Buying business equipment personally and renting it to your corporation may sound like a clever tax strategy. But is it actually saving you money? šŸ¤”

Sometimes, a strategy that looks tax-smart can create more complexity without providing the benefit you expected.

Before you change how your business owns or pays for equipment, **make sure you understand the tax consequences first.**

šŸ“© **Contact Premier Business Solutions to find out whether your strategy is really working for you.**

08/25/2026

Suspended rental losses donā€™t always disappearā€”but knowing when and how you can use them is key. šŸ‘€

If you own rental real estate and have unused passive losses, your next move could have tax consequences you may not expect.

Thinking about selling, gifting, or restructuring a rental property? Donā€™t make the move before understanding what it could mean for your suspended losses.

šŸ“© Contact Premier Business Solutions to discuss your options and plan before you act.

Are you paying business expenses out of your own pocket as a partner?You may be eligible for valuable tax deductionsā€”but...
08/20/2026

Are you paying business expenses out of your own pocket as a partner?

You may be eligible for valuable tax deductionsā€”but only if your partnership agreement requires you to cover those expenses without reimbursement.

Knowing the rules can help you maximize deductions while avoiding costly IRS issues. Proper documentation and a clear reimbursement policy are essential.

If you're unsure whether your expenses qualify, Premier Business Solutions can help you determine the best approach for your situation.

šŸ“ž Contact us today to ensure you're taking advantage of every deduction you're entitled to.

08/19/2026

Selling an appreciated property, business, or private stock can trigger a significant capital gains tax billā€”but with proper planning, there may be strategies available to defer those taxes.

A Deferred Sales Trust may allow you to spread taxable gains over time while keeping more of your pre-tax proceeds invested. However, these arrangements require careful planning before the sale and are not appropriate for every situation.

If you're considering selling a major asset, speak with a qualified tax professional before signing a purchase agreement. The timing of your planning can make all the difference.

08/18/2026

Owning multiple businesses could mean more tax-saving opportunitiesā€”but only if your Section 199A deduction is calculated correctly.

In some cases, qualifying businesses can be aggregated, potentially increasing your deduction. On the other hand, losses from one business may reduce the deduction from another, making proper planning essential.

The rules are complex, and every situation is different. A proactive review can help ensure you're not leaving valuable tax savings on the table.

šŸ“ž Contact Premier Business Solutions to find out whether your business structure is maximizing your Section 199A deduction.

08/13/2026

šŸš— Can a classic car be a business tax deduction?

It might be.

The IRS doesn't focus on how old the vehicle isā€”it focuses on how it's used. If a classic car is used in your trade or business, it may qualify for depreciation just like many newer vehicles.

Keep in mind that luxury-auto depreciation limits still apply, so you generally can't deduct the entire purchase price in the first year. And while classic cars may hold their value better than many new vehicles, every situation is different.

Before purchasing a vehicle for your business, consult your tax advisor to determine the most tax-efficient strategy.

šŸ“© Have questions about business deductions? Contact Premier Business Solutionsā€”we're here to help you make informed tax decisions.

Address

Venture X 555 Belaire Avenue Suite 210, PMB1010
Chesapeake, VA
23320

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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