Many travelers are beginning to prefer homeshare platforms over traditional hotels, and platforms like Airbnb and VRBO are growing at an incredible rate. These easy-to-use platforms provide property owners with […]
Uber Tax Forms: What You Need to File
Taxes are an inevitable part of working. Regardless of how you earn your income, taxes must be paid on the income you earn. The tax filing deadline is quickly approaching. […]
Can a Holding Company Protect Your Airbnb Assets?
Owning a business is very rewarding. However, you could lose everything if you run into legal troubles. For example, creditors could come after your Airbnb properties to cover an old […]
5 Things You Should Include Your Articles of Organization
Articles of organization play an important role in how you formally set up your business. This document outlines your business’s fundamental information and registers it with the state. You must […]
How to File Your Airbnb Estimated Taxes
The IRS classifies your Airbnb earnings as income, and you have to pay taxes on those earnings. If you expect to owe more than $1,000 in 1099 taxes, you must […]
Quickbooks vs Xero: Which Is The Best Accounting Software?
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 […]
How to Calculate Profit Margin and Improve Profitability
Business owners need to understand their revenues and earnings to make effective business decisions. However, it’s not easy to keep track of this information manually because unanticipated expenses often come […]
How to Apply for Paycheck Protection Program Loan Forgiveness
The coronavirus pandemic forced many businesses to close their doors. Unfortunately, the lockdown has a disproportionate impact on smaller firms. Congress recently passed the Coronavirus Aid, Relief, and Economic Security […]
How to Avoid Airbnb Backup Withholding
Airbnb doesn’t typically hold back any funds for taxes. You still have to pay taxes on your earnings, but Airbnb doesn’t pay them for you. You’re considered self employed, so […]
Occupancy Tax Rates for Airbnb in Major Cities
A few years ago, cities began to realize that Airbnb rentals were eating into their tax revenues. At the time, Airbnb hosts weren’t paying taxes like hotels, so many US […]