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Accounting and Tax Tips Blog

Is your rental activity a business?

Is Your Rental Activity a Business? If you plan rent out a room of your home or a second home on Airbnb to earn extra income, you need to know how to determine if what are you doing qualifies as a business or hobby in order to properly prepare your taxes. Here are the...

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Depreciating your home as an AirBnB Host

For those Airbnb Hosts who also own their home, depreciating your property can be an advantageous tax deduction that will reduce your taxes. This article provides you with the knowledge necessary to take the depreciation deduction.  What Is...

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