Flex Tax and Consulting Group (FTCG)
The PPP free-cash program to assist businesses during the COVID-19 pandemic is gaining traction and clarity. If you operate your business as a partnership, you have several recent developments that make the free-cash program more to your benefit. Partner’s Self-Employment Income Creates Cash and Forgiveness Just as sole proprietors failed originally to ask for their […]
Six Insights into the PPP for Partnerships Read More »
Update as of June 3, 2020: Small businesses may soon find more flexibility in the Paycheck Protection Program (PPP) as a bill passed the House on Thursday that would extend the time in which companies need to spend funds and alter the rule that they must pay 75% of the funds on the payroll for
What Can You Spend Your PPP Forgivable Loan on? Read More »
Today, limited liability companies can be found everywhere. With their flexible management structure, LLCs have become a common way to own and operate a business. Professionals (doctors, lawyers, accountants, and engineers), as well as software and computer-based companies and a wide array of other small businesses, are increasingly using this form of organization. LLCs offer
Accounting for LLCs Conversions 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 »
Starting a business can be very rewarding It can also be a little overwhelming. From business plans to market strategies, and even tax responsibilities. There are many things to consider. Here are tax tips can help new business owners find success what new business owners can do to help get off to a good
These tax tips can help new business owners find success Read More »
As a small business owner, you may have questions about where’s the best place for you to incorporate or organize your business. After all, just because you operate your company in one state doesn’t mean you have to incorporate or organize your business there, as well. Entrepreneurs looking to incorporate their corporations or organize their
Should You Incorporate or Organize Your Business Outside Your Home State? Read More »
A Limited Liability Company (LLC) is not a separate tax entity like a corporation; instead, it is what the IRS calls a “pass-through entity,” like a partnership or sole proprietorship. All of the profits and losses of the LLC “pass through” the business to the LLC owners (called members), who report this information on their personal tax returns. The LLC
How Limited Liability Companies (LLCs) Are Taxed? Read More »
