According to the new regulations, all Rideshare Drivers in San Francisco are required to Register their business. You can do so online on the San Francisco Treasurer and Tax Collector website. Below is a step-by-step guide on how to register your business: The first step in the registration process is filling out and submitting the […]
Should I Incorporate or LLC My Rideshare Income?
Within our first year of business, we are fortunate enough to have served over 500 potential clients. One question we often get from Rideshare Drivers is: “Should I incorporate or LLC my driving income?” While we are not lawyers and cannot give legal advice, we can speak about the tax filing requirements. Below are a […]
5 Tax Planning Tips for Airbnb Hosts
Airbnb hosts are at the forefront of the Sharing Economy movement. However, you should remember that running a rental is a business. Therefore, you’re responsible for your taxes. Airbnb tax planning can have a major impact on your tax bill, so having a plan is important. Measuring Airbnb Income The simplest way to account for […]