In the world of business, entities and structures come in various forms, each with its own set of legal and tax implications. One common term you may come across is the "disregarded entity." At SRG Advisors LLC, we understand the complexities of business structures and are here to shed light on what a disregarded entity is and how it affects your business.
Continue reading →Real estate has long been a favored investment for individuals seeking to build generational wealth. Property ownership, whether in the form of residential or commercial real estate, not only provides a source of income and potential for appreciation but also serves as a valuable asset to pass down to future generations.
Continue reading →When it comes to starting a business, the journey can be both exciting and daunting. You have a vision, a plan, and the drive to succeed, but where do you begin? For many aspiring entrepreneurs, forming a Limited Liability Company (LLC) is the first crucial step in the journey to business success.
Continue reading →In New Jersey, the rules regarding when a financial audit is required for nonprofit organizations are defined by the state's regulatory framework. Understanding these rules is crucial for nonprofits in New Jersey to maintain transparency and accountability. Here's
Continue reading →In New York, the rules governing when a financial audit is required for nonprofit organizations are primarily determined by the size and revenue of the organization. These rules are essential for maintaining transparency and accountability within the not-for-profit sector.
Continue reading →For individuals heavily involved in the real estate industry, achieving the status of a "Real Estate Professional" in the eyes of the Internal Revenue Service (IRS) can bring significant tax benefits.
Continue reading →When it comes to filing taxes as a self-employed individual or a real estate investor, it's essential to know your way around the different IRS tax schedules. Two schedules that often come into play for individuals engaged in various income-generating activities are Schedule C and Schedule E.
Continue reading →Stock-based compensation is a common incentive used by employers to attract and retain talent. Four key types of stock-based awards are Restricted Stock Units (RSUs), Incentive Stock Options (ISOs), Non-Qualified Stock Options (NSOs), and Employee Stock Purchase Plans (ESPPs).
Continue reading →At SRG Advisors LLC, we are committed to providing our clients with up-to-date information and expert guidance on a wide range of tax and financial matters. One such topic of importance is the Pass-Through Entity Tax (PTET) in the states of New Jersey and New York.
Continue reading →At SRG Advisors LLC, we understand that taxation can be a complex and often confusing subject. For business owners, choosing the right tax form is crucial to ensure compliance and minimize liabilities. In this article, we'll shed light on three important tax forms: the 1065, 1120, and 1120S.
Continue reading →When it comes to investing in partnerships or S-corporations, it's essential to understand the tax implications associated with these business structures. One crucial component of this understanding is the Schedule K-1 (Form K-1), a tax document that partners or shareholders receive to report their share of income, deductions, and credits from the business entity.
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