Accounting and Tax Tips Blog

The Best Way To Pay Your Sharing Economy Taxes

Sep 13, 2019 | Airbnb Taxes, Carshare Taxes, Rideshare Taxes, Tax Tips, Turo Taxes

Your tax bill can be a real pain. You spend all of this time gathering your information, meeting with your tax professional, crunching numbers, preparing them, filing them, and in the end paying them, it takes a lot of energy and for some stress. Nobody likes to pay...

Read more

The Most Pressing Airbnb Tax Questions

Aug 27, 2019 | Airbnb Taxes, Tax Tips

Short term rental platforms like Airbnb and VBRO have increased in popularity over the last several years. What once started out as a part time income for some, has been scaled to quite a profitable enterprise for others. Regardless of if you are a part time or full...

Read more

The Jackson Hole Airbnb Market

Aug 9, 2019 | Airbnb Taxes

Jackson Hole Wyoming, where the buffalo roam, the deer and the antelope play, and the rich and affluent flock for some much needed peace and quiet. Known for its breathtaking landscape and luscious winter powder, Jackson Hole is a hotbed for potential when it comes to...

Read more

When Opportunity Knocks – The Opportunity Zones Program For Real Estate Investors

Jul 30, 2019 | Tax Tips

Looking for a way to do a little good and lower your tax obligation? Have you heard of Opportunity Zones? The Opportunity Zones Program is a lesser known part of the Tax Cuts and Jobs Act that was passed in 2017. While everyone was paying attention to the cuts...

Read more

How Tax Planning Can Save You Thousands

Jul 19, 2019 | Tax Tips

Paying taxes can be a hard pill to swallow for many taxpayers, especially if their tax bill is high. Your business has had a great year, you have increased your profits, and whether you’ve noticed it or not, you’ve simultaneously increased your tax bill. It’s...

Read more

Finding The Best Tax Professional for Your Business

Jul 8, 2019 | Airbnb Taxes, Carshare Taxes, Tax Tips, Turo Taxes

Working with an expert can save you from learning from your own mistakes. And having a tax advisor is a smart choice that can lead to a lot of benefits for your business. Aside from tax preparation, a tax advisor can provide guidance on multiple areas of your...

Read more

5 of The Most Common Tax Questions

Jun 5, 2019 | Tax Tips

The tax code is complicated and confusing for many taxpayers. To make matters worse it is ever changing and evolving, which makes it nearly impossible for most  business owners, who already have their hands full, to keep up-to-date. This is partially what makes tax...

Read more

Peer-To-Peer Car Sharing Founder Jessica Scorpio From Getaround

May 17, 2019 | Tax Tips

Getaround is one of the best known car sharing or peer-to-peer sharing companies out there. It allows people to rent someone else’s car for a short period of time, and car owners to rent their car and make an extra income. As society becomes more focused on a...

Read more

Who Are The Top 12 Pioneers In The Sharing Economy?

May 10, 2019 | Tax Tips

Shared economy platforms have changed the way many consumers do business. They have opened up ways for people to operate their own businesses without any upfront cost, and have created more choices for consumers. One of the biggest appealing factors in the sharing...

Read more

Quickbooks vs. Xero – Which Is The Best Accounting Software for Your Business

May 2, 2019 | Tax Tips

One of the most important decisions you can make for your accounting process is which accounting software to go with. There are several different options available, but the two that reign supreme are Quickbooks and Xero. Both are very powerful and boast impressive...

Read more