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Accounting and Tax Tips Blog

The Best Tax Checklist for New Airbnb Hosts

As a new Airbnb host, you will be responsible for saving for taxes along with other regulatory requirements. Before you open your area to your future guests, you might want to think about the tax implications before you start hosting.  Below is a tax checklist for new...

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The Most Pressing Airbnb Tax Questions

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...

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Self Employed Tax Deductions: The Complete List

Taxes are an inevitable part of being a small business owner. If you own your own business or work as an independent contractor, you know that your tax bill can quickly add up. The more successful you are, the more money you owe. You have probably heard of the saying...

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Best Retirement Plans for Small Businesses

Traditional employees aren’t the only ones who can access tax-advantaged retirement accounts. In fact, freelancers and contractors have even more options for retirement savings. Two of the best retirement plans for small businesses include simplified employee...

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Top 5 Airbnb Tax Deductions For Hosts

Airbnb tax deductions can help hosts save a bundle at tax time. Each deduction reduces your tax liability, so they play an important role in tax planning. There are tons of deductions, but all of them aren’t obvious. However, you’ll get the most benefit by...

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Are Credit Card Rewards Taxable?

Many lenders offer credit card rewards as an incentive to attract customers. These bonus goodies come in the form of cash, account credits, airline “miles”, and much more. Previously, only the most exclusive credit cards offered rewards, but now almost...

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How to Access Coronavirus Relief Loans

The coronavirus outbreak brought the U.S. economy to a grinding halt, and the resultant economic fallout devastated the small business community. However, the government recently approved billions in funding to support small businesses, so there are tons of resources...

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