Top 3 things you need to know in the sharing economy 2017

More and more people are entering the sharing economy at a record pace. According to a survey done by PwC, 19 percent of the total US adult population has now engaged in a sharing economy transaction in some way. Of that growing demographic, many of those engaged as sharing economy workers say that they’ve joined the sharing economy (Airbnb, Uber, Lyft, TaskRabbit, etc.) in an effort to supplement existing income. Many workers in the sharing economy say that an upcoming vacation, a wedding […] […]

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Estimating Income Taxes for 1099 Independent Contractors

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 brief guide to help you determine how much to put aside for Airbnb and 1099 contractor taxes.1099 ContractorsIn most cases, sharing economy workers are considered as 1099 contractors for tax purposes. The only way you would not be cons […] […]

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Filling requirements for airbnb hosts in canada

Determining whether you are considered as a resident or non-resident of Canada can be quite confusing given the fact that receiving rent from Canadian real estate or disposing of Canadian real estate can make you subject to Canadian income taxes. This article will help provide guidance for U.S. Residents who have Airbnb’s in Canada and the respective reporting requirements.  For Non-Residents If you are a non-resident of Canada and you have taxable rental income in Canada as a res […] […]

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The 21 Best Deductions for Airbnb Hosts
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