Flex Tax and Consulting Group (FTCG)
Depending on your business type, there are different ways to prepare and file your taxes. When it’s time to file a federal income tax return for your small business, there are various ways you can do it, depending on whether you run the business as a sole proprietorship or use a legal entity such as […]
How to File Federal Income Taxes for Small Businesses Read More »
Here are the taxes coming out of your paycheck — and how you can change them. Payroll taxes, including FICA tax, are what your employer deducts from your pay and sends to the IRS, state or other tax authority on your behalf. Here are the key factors, and why it’s important to monitor your withholding tax.
How FICA Tax and Withholding Tax Work in 2019 Read More »
What are restricted stock units (RSUs)? When companies offer equity to employees, they usually offer stock options (like ISOs or NSOs) or restricted stock units (RSUs). You typically don’t get to choose which type of stock you receive; instead, what you receive depends on your role and the size, stage, and preferences of your company. But regardless of
How do I verify capital gain for ESPP and RSU? Read More »
Transaction fees are part of the cost of doing business when you trade stocks. One of the fundamental ways you can make money in the stock market is by buying low and selling high. If you sell your stock for more than you paid for it, you have a profit. The Internal Revenue Service considers
Are Stock Transaction Fees Tax-Deductible? Read More »
Just when you were starting to get comfortable with your annual chore of tax filing, things changed. The 2018 tax reform bill hit the scene. Over the past year, you’ve heard about updates ranging from tax rates to deductions, and your head is spinning. Not that you’ve ever loved tax season (who does?), but now
Your 2019 Taxes: What You Need to Know About the Tax Reform Bill Read More »
When it comes to personal service income, all wages and any other compensation for services performed in the United States are generally considered to be from sources in the United States. The place, where the personal services performed, generally determines the source of the personal service income. Regardless of where the contract was made, or
Do not pay tax to US if you perform your service outside US – Personal Service Income Read More »
Have you ever thought about starting your own business? Starting a company today is both harder and easier than ever before. It is more challenging because a larger number of opportunities have been capitalized on, and a greater number of people appear to be trying. If you are thinking of starting a company, then one
Business Structures that Start-Up Companies and Small Business Should Know Read More »
Election to Treat Certain Payments of Estimated Tax as Paid by the Beneficiary A trustee may elect to treat any portion of a payment of estimated tax made by a trust as a payment made by a beneficiary of the trust. This election may also made by the executor of an estate in a tax
Two Timely Elections That Trustees and Executors Should Consider Now Read More »
Questions about tax payments and penalties come up all year long. Taxpayers can find most answers to these questions on IRS.gov. They can head over to the Let Us Help You page, which features links that take users to information and resources on a wide range of topics related to penalties and payments. Payments Payment options
Taxpayers can go to IRS.gov for answers to questions about payments and penalties Read More »
It’s almost here. The filing deadline for taxpayers who requested an extension to file their 2018 tax return. This year’s deadline is Tuesday, October 15. Even though time before the extension deadline is dwindling, there’s still time for taxpayers to file a complete and accurate return. Taxpayers should remember they don’t have to wait until
The filing deadline for extension filers is almost here Read More »
Start-up Business Consultants and Software Engineers, particularly those in the early phases of their careers. To face some unique tax complexities and tax planning opportunities due to their career path. Flex Tax and Consulting Group works with many of these consultants and has even given on-site tax seminars at several consulting firms. This article attempts to
What Start-up Business Consultants and Software Engineers Should Know About Their Taxes Read More »
Have you ever been in the grocery store check out line, reached into your pocket, and pulled out a coupon only to find that it had already expired? You may experience a similar feeling (magnified, perhaps, by the amount of money involved). If you issued equity subject to vesting in a company and you don’t hear about
WHAT IS A SECTION 83(B) ELECTION AND WHY SHOULD YOU FILE ONE? Read More »
Taxpayers can follow these three steps to use new Tax Withholding Estimator All taxpayers should use the new Tax Withholding Estimator to do a Paycheck Checkup. This tool helps people make sure their employers are taking out the right amount of tax from the employee’s paychecks. The money withheld from an employee’s paychecks throughout the year should cover
New Tax Withholding Estimator Read More »
