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What Is a Performance Bond?

Fundera

We’ll go through the definition of a performance bond, explain how common performance bonds work, when you might want to use one, and why they’re an important aspect of your small business operations. First, the real estate company solicits bids from contractors for a specific scope of work.

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33 Tax Breaks for Real Estate Business Owners

Fundera

While owning your own brokerage may have its ups and downs, filing small business taxes is surely not in the “ups” category. But, it’s part of the deal when you’re a business owner. . However, you do get to deduct half of your self-employment taxes, since the IRS treats this as a business expense. Rent and Property Fees.