As a small business owner, you work hard to protect your business and your assets. In a perfect world, everyone gets along all the time and agrees and authenticates financial agreements. However, as a small business owner, you may be faced with some disagreements at some point in time. Perhaps a customer damaged your property, […]
Month: January 2020
Finding the Best Freelance Tax Expert
With the onset of the internet more and more working individuals have the opportunity to work from home. As a freelancer, you have unlimited potential to earn money and fulfill your dreams because you have the freedom, the operative word, to create your own schedule. You can work as much as you like, take your […]
Best Tax Tips For Airbnb, VRBO, and Homeaway Hosts
As a short-term rental host with Airbnb, VRBO or HomeAway, you must learn about the possible tax implications of your side gig. In most cases, you’ll be required to pay tax on your short-term rental income. As a result, tax planning is a must if you want to minimize your tax bill and also make […]
How To Calculate and File Upwork Taxes
If you have been working freelance using sites like Upwork, you may be wondering how to file Upwork taxes. Regardless how often you work on Upwork, your income from the platform could affect your tax requirements. Here is what you need to know about Upwork taxes. Upwork Tax Information As an Upwork freelancer, you need […]
A Simple Tax Guide for Airbnb Hosts
Airbnb has proven to be an excellent way for many people to generate income. What is really great about Airbnb is it allows you more freedom and flexibility. You can rent out your property as much as you want to. This creates a substantial full time or part-time income for many taxpayers. When it comes […]
Tax Help for Turo Fleet Owners
Now is a good time to start thinking about your taxes, especially if you are self-employed. It really is never too early to start planning for taxes. The most well-thought tax planning strategies typically yield the biggest tax savings. As a Turo fleet owner, or if you operate a business in the Sharing Economy you […]
Short Term Rental Laws By Region
As an Airbnb host/short term rental host, you will automatically be considered as a 1099 worker by Airbnb. A 1099 worker, also called an independent contractor, is a self-employed person who engages in a business, trade, or profession in which they have the right to control when their work is done and how it is done. As a 1099 business, you will be responsible for paying your own taxes, including social security and unemployment taxes. You’ll have the option to operate as a sole propr […] […]
4 Game-Changing Tax Deductions for Etsy Sellers
Etsy sellers can save a lot of money by taking advantage of tax deductions. If you’re not familiar with tax write offs, you might be surprised when you learn how much you can save. Every business owner and 1099 contractor should take advantage of these tax savings. Most independent contractors can reap significant benefits by […]
How To Get A Tax Return Transcript In 10 Minutes
Tax season proves to be a busy time of year for many people. Obtaining a copy of your tax return transcript can help you easily gather your essential tax info. It is also a best practice to confirm that the information received by the IRS aligns with the forms you’ve received from employers and clients […]
Beyond Pricing For Airbnb, VRBO, & HomeAway
Airbnb has revolutionized the way we travel. With its increase in popularity, other similar sites like VRBO and HomeAway have popped up. For travelers, hosting sites are great because they offer more variety and affordable prices. For hosts, it is a great way to make some extra money. Rates directly impact your ability to full […]