It is crucial for small businesses to be aware of the new reporting requirements of the Corporate Transparency Act (CTA). The CTA requires small businesses to report certain information about […]
Earned Income Tax Credit: Explained by Tax Pros
The earned income tax credit (EITC) offers big savings to wage-earners with dependents, but many taxpayers inadvertently overlook this valuable credit. In this article, I’ll provide an overview of the […]
Is Cost Segregation Worth It for Airbnb Hosts?
Cost segregation can help you reap huge tax savings, and it’s an excellent defense against an IRS inquiry. However, there’s a lot of confusion around this somewhat sophisticated tax strategy. […]
8 Ways to Handle Late Car Share Returns on Turo and Getaround
Renting your car on Turo and Getaround can be a rewarding way to earn extra income, but it can also come with its share of challenges. One of the most […]
Home Office Deduction Tips for Airbnb Hosts
If a portion of your home is used for conducting business, you may qualify for a home office deduction. You can choose from a couple of different methods for calculating […]
Turn Your Airbnb into a Five-Star Experience
In the competitive world of rentals, focusing on both quantitative metrics like ROI and occupancy rates, as well as various qualitative aspects, is essential for success. The Importance of Aesthetic […]
Los Angeles Airbnb Laws: Explained (2024)
Los Angeles is a very attractive market for short-term rentals, as it had over 20,000 Airbnb rental properties at the end of 2019. However, it is crucial for hosts to […]
How Fed Rate Cuts Will Shape the Real Estate Market
As we approach the final months of 2024, the Federal Reserve’s interest rate policies continue to impact the economy in profound ways, especially the real estate market. Policymakers are hoping […]
Solo 401(k) vs SEP IRA: What is the Best Choice for Contractors?
Retirement account contributions can provide substantial tax benefits while you work towards retirement. For independent contracts, SEP IRAs and Solo 401(k)’s are two of the most popular options. Both options […]
Statutory Employee Compliance for Small Businesses
Sometimes the line between an employee and an independent contractor can be blurry. It is very important for companies to be aware of this difference, as misclassifying an employee can […]