How To Calculate Depreciation Expense

Depreciation has a bad reputation. After all, nobody wants their assets to lose value. However, from a business perspective, depreciation helps your tax situation. Business owners need to keep close track of their depreciation expenses. Then, they can deduct it at tax time. To get started, you need to know how to calculate depreciation expense.  […]

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Escaping Airbnb Scrutiny – How To Protect Your Airbnb Business

We are in what you can call a Sharing Economy boom. It seems like every other day, new Sharing Economy platforms are popping up. These innovative companies are addressing issues that real people have and providing smart and efficient solutions. In addition to providing solutions, the are also providing opportunities for everyday people to generate […]

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Tax Mistakes To Avoid – Get Your Taxes Right The First Time

If you participate in the Sharing Economy, be it opening up your home on Airbnb or sharing your car on Turo, you know that it can be very rewarding. While you may enjoy running your business, the bottom line is you are generating an income. This income, regardless of if it is part time or […]

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The Effects Of AB5 On Freelancers

AB5 has sparked a lot of publicity over the last several months. Ever since the Dynamex decision of 2018, there has been a lot of back and forth between independent contractors, those wanting full-time employment, and gig economy giants like Uber and Lyft. However, the reaches of AB5 extends further than just the ridesharing economy, […]

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Sharing Economy Tax Tips – Get The Most Out Of Your Tax Pro

Many people only associate their tax advisor with tax preparation. However, the benefits of working with a tax advisor go well beyond tax preparation, especially for your Sharing Economy business. Whether you are full time or part time in your Sharing Economy business, having the right support when it comes to finances and taxes is […]

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