Are you keeping up with your Short-Term rental taxes? Whether or not you will need to pay taxes depends on how many days you rent your property during the year, how much you earn, and where your property is located, among other factors. […]
If you participate in the Sharing Economy, be it opening up your home on Airbnb or sharing your car on Turo, you know that it can be very rewarding. While you may enjoy running your business, the bottom line is you are generating an income. This income, regardless of if it is part time or […]
AB5 has sparked a lot of publicity over the last several months. Ever since the Dynamex decision of 2018, there has been a lot of back and forth between independent contractors, those wanting full-time employment, and gig economy giants like Uber and Lyft. However, the reaches of AB5 extends further than just the ridesharing economy, […]
Many people only associate their tax advisor with tax preparation. However, the benefits of working with a tax advisor go well beyond tax preparation, especially for your Sharing Economy business. Whether you are full time or part time in your Sharing Economy business, having the right support when it comes to finances and taxes is […]
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 […]
Looking for a way to do a little good and lower your tax obligation? Have you heard of Opportunity Zones? The Opportunity Zones Program is a lesser known part of the Tax Cuts and Jobs Act that was passed in 2017. While everyone was paying attention to the cuts themselves, the Opportunity Zones Program slid […]
Getaround is one of the best known car sharing or peer-to-peer sharing companies out there. It allows people to rent someone else’s car for a short period of time, and car owners to rent their car and make an extra income. As society becomes more focused on a sustainable lifestyle and more conscious of their […]
If you participate in a shared economy or peer-to-peer business, you may be faced with certain tax uncertainties. Many people get involved with shared economy businesses like Airbnb or Turo to make extra income. And while they may be aware that they owe taxes on that extra income, they may be unsure of the specifics. […]
Peer-to-peer car sharing platforms like Turo and Getaround are popular car rental sites for people who want to earn extra income renting out their car. People use sites like Turo and Getaround for a variety of reasons; they want to make extra income, or perhaps they want to use the service to help pay for […]
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 […]