What is an adult family home in Wisconsin? According to the website of the Wisconsin Department of Health Services, an Adult Family Home is a place where adults who are not related …
Income Tax Exemption For Adult Family Homes
One of the benefits of owning an adult family home is the exclusion of certain income received by the owner. You should check with your CPA or tax preparer for more information and to …
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Papering Over Problems With Payroll
I've been involved with real estate for a long time. It's hard to believe it's been more than 30 years now. Having bought, sold and helped dozens of clients do the same, I have also seen …
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Audited Financials For Your Assisted Living Facility
Financial statements are the report card on the financial performance of your assisted living facility. Larger facilities and bigger operators are often required to have audited financial …
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Who Receives the Revenue Earned on Closing Day?
This is a quick answer to a frequently asked question from ALF sellers. "Who receives the money earned on closing day: buyer or seller?" As we get closer to closing the sale of …
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Who Keeps The Cash on Hand When I Sell My ALF?
This is a quick answer to a frequently asked question from ALF sellers. "When I close on my sale, does the buyer keep the cash in my business bank account?" While many assisted …
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