Jan 10, 2020 | Airbnb Taxes
Airbnb has revolutionized the way we travel. With its increase in popularity, other similar sites like VRBO and HomeAway have popped up. For travelers, hosting sites are great because they offer more variety and affordable prices. For hosts, it is a great way to make...
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Jan 2, 2020 | Airbnb Taxes, Legal
We’re not lawyers, so we can’t give legal advice. However, we can help you understand the tax implications that come with incorporating your Airbnb business. Organizing your home-sharing business into an LLC or corporation protects you from lawsuits and...
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Dec 31, 2019 | Carshare Taxes
Tax season is right around the corner, and with that, you may be thinking about ways you can save on your taxes. As an Uber driver, you are generally considered a contract employee or self-employed. Though some states are trying to change that, Uber maintains its...
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Dec 27, 2019 | Carshare Taxes, Tax Tips
Car owners now have more options than ever to earn money from their Car-sharing services, like Getaround and Turo, let you earn extra income with your car. However, you might need to pay Turo taxes. To calculate Turo taxes, you need to consider various factors. Here’s...
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Dec 24, 2019 | Airbnb Taxes, Legal
The New York City Airbnb law is changing the game for NYC Airbnb hosts. This new law regulates Airbnb hosting in the city, and it restricts many hosts from offering short-term rental hosts in the Big Apple. Now, NYC requires Airbnb to disclose all of its hosts in the...
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Dec 20, 2019 | Airbnb Taxes
House sharing is a great way for many people to generate a substantial income. When it comes to running your business, you probably have the hospitality part down, however as far as your taxes are concerned, if you’re like many successful hosts, you’ve got a bit to...
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Dec 16, 2019 | Airbnb Taxes
New hosts often ask us what tools they need to be a better business owner. We always recommend Airbnb management software. Property management software can help you automate tax savings, accounting, and more. Users can even integrate other accounting software, like...
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Dec 13, 2019 | Airbnb Taxes
Many people have discovered the benefits of opening up their homes to rent on sites like Airbnb and VRBO. It is a good source of income and can be very rewarding both personally and financially. Some people have even been able to scale their operations where they...
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Dec 13, 2019 | Airbnb Taxes, Rideshare Taxes, Tax Tips
If you participate in the sharing economy by working as a 1099 contractor or by renting your home on Airbnb, you know that you will likely be required to pay taxes on your income. But just how much do you need to save in order to cover your tax payments? Here is a...
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