Tax Preparation For Peer-To-Peer Car Sharing Turo & Getaround

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 […]

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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 […]

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Using Mileage Tracking to Maximize Tax Savings

Guest Blog Post By: Andy Pillsbury, VP SherpaShare Mileage tracking can help freelancers secure deductions of $6,000 or more on taxes.  The following outlines how apps such as Simple and other can help you maximize deductions. What is mileage tracking and how does that relate to saving money on taxes? The IRS allows freelancers to […]

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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 […]

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2017 Tax Updates for 1099 Contractors

With a new presidential administration and Republicans controlling the House and Senate, 2017 is expected to bring a number of tax changes for both individuals and businesses. For 1099 contractors, it is especially important that you keep up with these changes so that you can ensure that your taxes are properly filed. To help you keep up with the latest changes, here is a list of the latest 2017 tax updates for 1099 contractors.New Tax BracketsFor 2017, there will be some adjustment to the tax b […] […]

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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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The 21 Best Deductions for Airbnb Hosts
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