The New York City Airbnb law is changing the game for NYC Airbnb hosts. This new law regulates Airbnb hosting in the city, and it restricts many hosts from offering short-term rental hosts in the Big Apple. Now, NYC requires Airbnb to disclose all of its hosts in the city so it can enforce the […]
Rental Property Tax Deductions for Airbnb Hosts
House sharing is a great way for many people to generate a substantial income. When it comes to running your business, you probably have the hospitality part down, however as far as your taxes are concerned, if you’re like many successful hosts, you’ve got a bit to learn tax-wise. This is understandable, taxes elude most […]
Best Airbnb Management Software for Small Businesses
Airbnb management software can help small home-sharers take their businesses to the next level. […]
Rental Income Tax Rate For Airbnb Hosts
Many people have discovered the benefits of opening up their homes to rent on sites like Airbnb and VRBO. It is a good source of income and can be very rewarding both personally and financially. Some people have even been able to scale their operations where they manage multiple listings. When you are generating a […]
Airbnb 1099 Forms: Everything You Need to Know
As a follow on to our post “What is a 1099 and Why Does it Matter”, we thought we’d publish a short post on receiving 1099’s and filing 1099’s for homesharers, which are due January 31 for the previous year. […]
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. […]
How to Pay Quarterly Taxes Online or By Mail
How to Pay Quarterly Taxes Online or By Mail For business owners, taxes don’t end on April 15th. Most self-employed professionals and business owners need to pay quarterly taxes. Quarterly taxes represent down payments on your annual taxes. If you’re running your own business, nobody is withholding taxes from your checks. However, that doesn’t mean […]
Should Fleet Owners Offer Turo Car Rental?
Turo car rental can be a great way for fleet owners to get the most out of their vehicles. You can find everything you need to get started inside. […]
Tax Deadlines for Airbnb and VRBO Hosts
Are you keeping up with your Short-Term rental taxes? 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 located, among other factors. […]
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 […]