Flex Tax and Consulting Group (FTCG)
Photo by Tierra Mallorca on Unsplash The following offers a general summary of the basic tax law requirements applicable to REITs. To qualify as a REIT, an entity must meet a number of organizational, operational, distribution, and compliance requirements. How must a real estate company be organized to qualify as a REIT? How do REITs […]
How to Form a Real Estate Investment Trust (REIT) Read More »
If you operate your business as a partnership or an S or C corporation, you face entity-specific Payroll Protection Program (PPP) loan forgiveness rules that apply to you as an owner-worker in the business. The rules that apply to you do not apply to the rank-and-file employee group. The government puts you, the owner-worker, in
PPP Loan Forgiveness for Partnerships and S and C Corporations Read More »
One of the advantages of operating a business as a partnership is the right to make special allocations of tax items among the partners. You have the same opportunity if you run your business as an LLC that’s treated as a partnership for federal tax purposes. What Is a Special Tax Allocation? A special tax
Take Advantage of Partnership Special Allocation 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 »
Payroll Protection Plan – Forgivable Loan That You Should Get Many small business owners who have been approved for Paycheck Protection Program loans (“PPP”) are realizing that the loan isn’t as forgivable as they’d hoped. The amount a small business can qualify to have forgiven must primarily be payroll costs. The SBA’s rule-making has stated
How to get your PPP Loans Forgivable? Read More »
For some of you, stock compensation is a big part of your current compensation package. Restricted stock unit or RSU, is probably one of the most common types of stock compensations nowadays. This week I will list six things that I think you need to know about your RSUs. 1. Restricted Stock Units vs. Restricted
7 Things You Need To Know About Your Restricted Stock Units (RSUs) Read More »
Many investors are now wondering how to invest in Opportunity Zones themselves. In addition to considerable immediate and long-term tax advantages, Opportunity Zone investments offer wider access to tax incentives. Unlike tax credit programs of the past, Opportunity Zone investments come with significantly fewer restrictions, which opens up access to the new investment option. Despite
How to Invest in Opportunity Zones: Options to Get Started Read More »
Section 1202 tax exclusion provides angel investors and entrepreneurs with a 100% tax break of up to $10 million. Over the past few months, I’ve been surprised to find that very few angel investors and entrepreneurs are aware of one of the most important developments for startups in a long time. If you are
The Secret Angel Investment Tax Credit That Could Save You Millions Read More »
RSU: Two reasons to sell the shares as soon as the RSU vest are: If you were paid a cash bonus, you wouldn’t use the money to buy company stock. So turn the stock bonus into cash by selling the shares immediately. You need to save for short-term goals (e.g., a down payment). It’s better
RSU: WHAT SHOULD I DO WITH COMPANY STOCK? Read More »
Equity Compensation Summary Restricted stock units (RSUs) are one way for companies to grant shares of company stock to employees. The term “restricted” refers to the vesting schedule, or the specified period that must elapse before you’re paid the shares of stock. You pay taxes on the value of the RSUs at vesting. You pay
EQUITY COMPENSATION 101: RSUS (RESTRICTED STOCK UNITS Read More »
Flex Tax and Consulting Group discusses the QSBS election – a method used to sell shares in a C corporation completely or partially income tax-free. Selling shares in a business completely (or partially) income tax-free sounds too good to be true, right? Perhaps not. To the delight of many an owner, if certain qualifications are
You’ve submitted your tax return for the year, so now what do you do? Instead of shoving all your records into a disheveled pile in a closet, now is a good time to get organized. Here are some tips on organizing tax records after you file to make sure you’re ahead of the game next year.
Organized Your Tax Paperwork Read More »
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 »
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 »
