Owning your own business or working as an independent contractor has its perks. You can set your own rate, and work when and where you want. This is what has […]
How Does VRBO Work?
The short-term rental industry has been on the rise over the last several years. While travel restrictions and mandates put a damper on the travel industry during the pandemic, things […]
Hurdlr Review: Is It The Best Self-Employed App?
Being self-employed or working as an independent contractor can be a rewarding and lucrative way to earn income. However, the busier you are running your business, the more you may […]
Airbnb Laws in NYC: A Guide for 2024
Millions of Americans use Airbnb as an outstanding source of income. But short-term leasing can expose hosts to a gauntlet of local regulations. In places like New York City, where […]
The Self-Employment Ledger: How to Start and Why It’s Important
When you own your own business or are self-employed, you have many more responsibilities regarding your bookkeeping and finances. It is important to keep accurate bookkeeping for your self-employment income […]
What You Need to Know About Airbnb Service Fees
Listing a property on Airbnb can be a great source of extra income. But, the convenience of using this platform comes at a cost. To pay for its services and […]
Do I Have a Section 1245 Property?: How to Find Out & Why It Matters
As a business owner, you need to buy, use, and – eventually – dispose of the property. And, when you sell something, the IRS wants to get its cut of […]
AirBnB Atlantic City: New Taxes for Hosts – Detailed Guide
Many homeowners use Airbnb to make money from their property, and, as usual, city governments want a piece of the action. Several cities have imposed special taxes on Airbnb and […]
Can an Airbnb Host Qualify as a Real Estate Professional?
For Airbnb hosts, determining whether you should be considered as a real estate professional is very important as it can have a major impact on your tax liabilities. Here is what a real estate professional is and how this status affects how much in taxes you will have to pay each year.What is a Real Estate Professional?According to the IRS, a real estate professional is a taxpayer who spends the majority of his or her time in real property businesses. To meet this specification, the taxpayer mus […] […]
Short-Term Rental Profit Academy Review: Is it Legit?
The short-term rental (STR) industry has seen a massive boom over the last several years. These days, many travelers prefer Airbnb or VRBO over traditional hotels. And this trend has […]