Nov 7, 2018 | Airbnb Taxes, Tax Tips
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...
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Oct 11, 2018 | Airbnb Taxes, Tax Tips
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...
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Oct 4, 2018 | Carshare Taxes, Tax Tips
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...
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Aug 2, 2018 | Airbnb Taxes, Legal
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...
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Jul 12, 2018 | Depreciation Tips, Tax Tips, Turo Taxes
Rideshare business owners are facing new tax regulations following the passage of the Tax Cuts and Jobs Act (TCJA) some of which have affected leasing and depreciation tax rules. As a result, Tax Reform means that rideshare business owners now need to reassess the...
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Jun 25, 2018 | Carshare Taxes, Tax Tips
For 2018, there are new depreciation limits on passenger vehicles. These are the annual limits on the total amounts that you are permitted to expense for a car. As a result of the passage of the Tax Cuts and Jobs Act (TCJA), the annual auto depreciation limits have...
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Jun 23, 2018 | Airbnb Taxes, Legal
Life is short. Although thinking about the what happens when you or loved ones pass away, forcing yourself to do it ahead of time will make things much easier for your loved ones when it comes dealing with your finances and assets. It is the responsible thing to do....
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