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4 March 2024 | 8 replies
Your profile mentions that you ahve ownership in an LLC - WoodRich Hospitality Services LLC.If it is a multi-member LLC, there may be a separate partnership return required.If it is a services based business, there may be a benefit to operating it as an S-Corp to save on self-employment taxes.
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4 March 2024 | 7 replies
the longer answer is... if you are employing a combination of creative strategies then it's possible to reduce the amount of cash you need to put down / to close.
4 March 2024 | 1 reply
I am self employed contractor and have half the year off to do renovations over the next few years.
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4 March 2024 | 14 replies
As such the profit is taxed as ordinary income subject to self-employment tax.
4 March 2024 | 11 replies
If you're getting burnt on bad repairs it will help to use techs/subs that have some built-in accountability so you have some recourse if they burn you - whether its with their employer or a review on the platform you hired off of.
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4 March 2024 | 10 replies
From someone who went from dual O-3 pay no kids to self-employed and a stay-at-home mom of 2, I wish I had taken more risk when we had the dual income.
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4 March 2024 | 2 replies
*This is the fourth post in Fayetteville NC Market Data Thread*Fayetteville is the 6th largest municipality in NC, supporting a population of around 208,000 within cities limits and MSA of ~530,000 and employing about ~76k people.
2 March 2024 | 4 replies
If you are in the corporate world and are tired of having to go into the office or having zoom calls in your underwear with a nice shirt and tie on or if your are self employed, what are your options for retiring early?
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2 March 2024 | 11 replies
Oklahoma City does not seem to far from you.LLC vs CorporationIt is generally advised not to hold properties that tend to appreciate(such as real estate) within a corporation.However, there are potential tax saving strategies of doing flipping or wholesaling within an S-corp to save on self-employment taxes.Below are some links of other BP members who requested for a CPA in Oklahoma CIty.
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3 March 2024 | 12 replies
It is quicker not to do the check but you are getting a lot of non-health care people these days and they don't have backgrounds done by the employer so you are safer requiring them.