Accounting and Tax Tips Blog

Tax Mistakes To Avoid – Get Your Taxes Right The First Time

Nov 14, 2019 | Airbnb Taxes, Carshare Taxes, Rideshare Taxes, Tax Tips

If you participate in the Sharing Economy, be it opening up your home on Airbnb or sharing your car on Turo, you know that it can be very rewarding. While you may enjoy running your business, the bottom line is you are generating an income. This income, regardless of...

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The Effects Of AB5 On Freelancers

Oct 29, 2019 | Tax Tips

AB5 has sparked a lot of publicity over the last several months. Ever since the Dynamex decision of 2018, there has been a lot of back and forth between independent contractors, those wanting full-time employment, and gig economy giants like Uber and Lyft. However,...

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Tax Tips For Freelancers

Oct 22, 2019 | Tax Tips

With the increasing popularity of sites like Upwork, many professionals are embracing freelance work. Working freelance with sites like Upwork allow professionals to generate a healthy stream of income, supplement their existing income, and enjoy a little more freedom...

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Sharing Economy Tax Tips – Get The Most Out Of Your Tax Pro

Sep 25, 2019 | Airbnb Taxes, Carshare Taxes, Tax Tips

Many people only associate their tax advisor with tax preparation. However, the benefits of working with a tax advisor go well beyond tax preparation, especially for your Sharing Economy business. Whether you are full time or part time in your Sharing Economy...

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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...

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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...

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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...

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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...

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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...

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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...

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