Your tax bill can be a real pain. You spend all of this time gathering your information, meeting with your tax professional, crunching numbers, preparing them, filing them, and in the end paying them, it takes a lot of energy and for some stress. Nobody likes to pay taxes, and the fact that the tax […]
Category: Airbnb Taxes
The Jackson Hole Airbnb Market
Jackson Hole Wyoming, where the buffalo roam, the deer and the antelope play, and the rich and affluent flock for some much needed peace and quiet. Known for its breathtaking landscape and luscious winter powder, Jackson Hole is a hotbed for potential when it comes to Airbnb hosting. It’s remote location may not seem like […]
10 Tips and Tricks for Getting Found More Often on Airbnb
Guest blog post by: Evian Gutman Evian is the Founder & CEO of Padlifter – the one-stop-shop for getting found more often, winning more bookings and making more money on Airbnb. He is the author of the best-selling book ‘The Definitive Step-by-Step Guide to Making Money on Airbnb’ and is an Airbnb Superhost that has […]
VRBO, HomeAway, Airbnb Tax Preparation ‘Done-For-You’ Service
Life is hectic, the last thing you need to worry about are taxes! For VBRO, HomeAway, and Airbnb hosts, you already have a lot on your plate. From booking, marketing, and maintenance, not to mention the rest of your life, you have a lot going on. This is why, tax preparation done for you service […]
Best Airbnb, HomeAway, VRBO Tax Accountant Professional
Running a vacation rental business with VRBO, HomeAway and Airbnb can be lucrative. However, there are also a lot of tax and accounting issues to consider. When you use a short-term rental marketplace, you need to carefully track your income and expenses so that you are prepared for tax time. Hiring accounting professionals and an […]
Property Depreciation Basics for Airbnb Hosts
For those Airbnb Hosts who also own their home, depreciating your property can be an advantageous tax deduction that will reduce your taxes. This article provides you with the knowledge necessary to take the depreciation deduction. What Is Depreciation? Depreciation is a method used to determine how much of the assets (e.g. your home) value has been used up. For Airbnb rental owners, the cost of buying or improving your home can be depreciated. Depreciating these assets in a […] […]
Gary Vaynerchuck & Richard Fertig On Short Term Rental University
Airbnb has the potential to earn you thousands per month in short-term rental income. Are you maximizing your income? […]
Best Airbnb Tax Accountant For Top Savings
Airbnb hosts are always looking to increase their income, but what about expenses? As an Airbnb tax accountant, I always recommend that my clients focus on expenses, as well. […]
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 […] […]
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 […] […]