Dec 27, 2019 | Carshare Taxes, Tax Tips
Car owners now have more options than ever to earn money from their Car-sharing services, like Getaround and Turo, let you earn extra income with your car. However, you might need to pay Turo taxes. To calculate Turo taxes, you need to consider various factors. Here’s...
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Dec 24, 2019 | Airbnb Taxes, Legal
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...
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Dec 20, 2019 | Airbnb Taxes
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...
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Dec 16, 2019 | Airbnb Taxes
New hosts often ask us what tools they need to be a better business owner. We always recommend Airbnb management software. Property management software can help you automate tax savings, accounting, and more. Users can even integrate other accounting software, like...
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Dec 13, 2019 | Airbnb Taxes
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...
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Dec 13, 2019 | Airbnb Taxes, Rideshare Taxes, Tax Tips
If you participate in the sharing economy by working as a 1099 contractor or by renting your home on Airbnb, you know that you will likely be required to pay taxes on your income. But just how much do you need to save in order to cover your tax payments? Here is a...
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Dec 12, 2019 | Airbnb Taxes
Airbnb 1099 forms don’t have to be complicated. This post has all the information home-sharers need to know about 1099 forms. Form 1099 submissions are due by January 31, and they cover the previous year. For more on form 1099, read our other post “What is...
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Dec 11, 2019 | Depreciation Tips, Tax Tips
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...
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