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Accounting and Tax Tips Blog

Can Airbnb Hosts Claim a Home Improvement Tax Deduction?

Posted on August 13, 2024 by Miguel Alexander Centeno Posted in Airbnb TaxesTagged Airbnb Deductions, Airbnb Tax Tips, Real Estate Strategies

If you’re a homeowner, deducting the cost of repairs or improvements to your home could yield substantial tax savings. However, whether you can deduct these expenses depends on your circumstances. […]

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6 Tips for Short-Term Rental Renovation and Design

Posted on August 13, 2024 by Miguel Alexander Centeno Posted in Business

In the competitive world of short-term rentals (STRs), the design of your property can make all the difference. An appealing, functional space not only attracts more guests but can also […]

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Is Cost Segregation For Businesses Worth It?

Posted on August 9, 2024 by Miguel Alexander Centeno Posted in BusinessTagged Cost Segregation, Real Estate Strategies

There are many new tax benefits available for small businesses, but companies need to ensure that they are fully taking advantage of these new laws. One effective strategy that companies […]

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Mid-Year 2024 Airbnb Housing Market Update

Posted on July 29, 2024 by Miguel Alexander Centeno Posted in Tax & Accounting NewsTagged airbnb

As we move into the second half of 2024, the housing market continues to undergo significant shifts. Recent data highlights challenging conditions for those looking to enter the short-term rental […]

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Turo Business Essentials Webinar. Aubrey Janik Q&A Session

Posted on July 22, 2024 by Miguel Alexander Centeno Posted in Turo Taxes, Webinar Transcripts

In this webinar, our CEO Miguel Alexander Centeno and Account Executive Jacob Burris sat down with Aubrey Janik, Content Creator and Pioneering Car Sharing Host to discuss Turo Business Essentials. […]

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What to Look for when Buying an Airbnb Property

Posted on July 16, 2024 by Miguel Alexander Centeno Posted in Airbnb Taxes

Airbnb and other home share apps are still running strong, but the competition is getting a lot more fierce now that these apps have been mainstream for over a decade. […]

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How Much Should I Set Aside for Taxes

Posted on July 10, 2024 by Miguel Alexander Centeno Posted in Tax TipsTagged Tax Planning

If you’re a self-employed individual or freelancer, taxes won’t be removed before you receive your paychecks, which means that you’ll owe the IRS. You must save money during the year […]

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How to Find Profitable Airbnb Markets in 2025

Posted on June 28, 2024 by Miguel Alexander Centeno Posted in Airbnb Taxes

As an Airbnb investor in 2024, understanding the evolving market dynamics is crucial for identifying high ROI opportunities in the realm of short-term rentals. The landscape of Airbnb investments has […]

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The 5 Most Common Audit Triggers and How to Avoid Them

Posted on June 19, 2024 by Miguel Alexander Centeno Posted in Tax TipsTagged Compliance

Filing your taxes can create a ton of stress. The US tax code is thousands of pages long – and extremely complicated. Despite this complexity, the IRS expects you to […]

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How to Prepare for a Cost Segregation Study 

Posted on June 18, 2024 by Miguel Alexander Centeno Posted in Airbnb TaxesTagged Cost Segregation

To invest in real estate, you must have access to ample funding. The IRS assists investors by providing different forms of tax relief. You can effectively boost your cash flows […]

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