With the end of the year fast approaching, now is the best time to consider your tax strategy for the new year. By planning ahead, you can maximize your deductions before tax season begins. Use this short-term rental business tax planning checklist and guide to help...
Running a vacation rental business with VRBO, HomeAway and Airbnb can be lucrative. However, there are also a lot of tax and accounting issues to consider. When you use a short-term rental marketplace, you need to carefully track your income and expenses so that you...
Have you considered using a dynamic pricing tool for your short-term rental business? There are many benefits to using this software which add up to making your business more competitive. Here are the benefits of using dynamic pricing software, such as Beyond Pricing,...
As a short-term rental host with Airbnb, VRBO or HomeAway, you must learn about the tax issues that come along with it. In most cases, you’ll be required to pay tax on your short-term rental income. As a result, tax planning is a must if you want to minimize...
How Much Money Can You Make With Airbnb? Airbnb has the potential to earn you thousands per month in short-term rental income. In fact, there are many Airbnb hosts who are currently running six-figure Airbnb businesses. After developing a portfolio of properties that...
Airbnb hosts are always looking to increase their income, but what about expenses? As an Airbnb tax accountant, I always recommend that my clients focus on expenses, as well. Managing your expenses effectively will improve your profits from your business and ensure...
How do you report Airbnb taxes? Estimated tax planning is the best way to ensure that your taxes are properly filed as an Airbnb host. Here are some tips to help you prepare your Airbnb taxes so that you can avoid tax problems. How To Pay Tax On Airbnb Income? If you...
Understanding the tax consequences of renting property on Airbnb and VRBO is not exactly a straightforward process. Whether or not you will need to pay taxes depends on how many days you rent your property during the year, how much you earn, and where your property is...
Car owners now have more options than ever to earn money from their cars. One of the biggest benefits of using car sharing services, such as Getaround and Turo, is that you can make extra income with the car you already own or lease. However, you should be aware that...
New York City just passed a new law that further restricts how Airbnb hosts can operate, thus excluding many potential short-term rental hosts in the Big Apple. The law, which passed 45-to-0 in a city council vote, requires Airbnb to disclose information on all NYC...
