They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.

Friendship and business don’t always mix well, so it’s critical to use a solid lease and treat this as a business arrangement.

For those who are running successful Section 8 businesses out-of-state, did you start in just 1 state or if the opportunity made sense would you purchase the property regardless of the state?

This is why so many companies are leaving states like California.Pro-business environment: Companies want to focus on their core business, not fight anti-business policies.Significant infrastructure: Companies favor cities with substantial airports, freeway systems connecting to other cities, and more.

The other is a smaller operation which does a lot of business in the specific neighborhood the house is in.

And technology aside, this business hasn't changed much in the last 20 years.

That's just the nature of this business. 

You'll find a lot of hard working contractors.Have something to write on as many of the contractors won't have business cards.You'll still want to screen them a bit because, "there's a reason they work with the hands, not their heads":)

On the other hand, a detailed quote with a higher total may offer more transparency and reduce the risk of surprises as the project progresses.I specialize in consulting services for situations like this, where I help clients evaluate contractor quotes, ensure transparency, and navigate the renovation process with confidence.

Two are for businesses, one for commercial property, one for residential property.