May 12, 2020 | Turo Taxes
You have to pay taxes when you run a business, even if you’re a Turo host. Fortunately, you can deduct your operating expenses to reduce your tax bill. Track and report every dollar you spend so you get credit a tax time. These write-offs are very helpful when...
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Mar 12, 2020 | Turo Taxes
Fleet owners can make a lot of money by using Turo. This carshare platform allows vehicle hosts to connect with renters in the area. However, Turo hosting is a business, so you must pay taxes on your income. These Turo tax tips explain what you can expect at tax...
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Feb 24, 2020 | Legal, Turo Taxes
The Sharing Economy has changed the way we conduct a lot of business. From where we stay when we travel, to how we care for our pets, and even how we get from point A to point B. Ridesharing like Uber and Lyft have pioneered the Sharing Economy industry, paving the...
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Feb 20, 2020 | Depreciation Tips, Tax Tips, Turo Taxes
Rideshare business owners are facing new tax regulations following the passage of the Tax Cuts and Jobs Act (TCJA) some of which have affected leasing and depreciation tax rules. As a result, Tax Reform means that rideshare business owners now need to reassess the...
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Feb 13, 2020 | Carshare Taxes, Depreciation Tips, Tax Tips, Turo Taxes
Turo and other carsharing apps changed the game for vehicle owners. These apps allow drivers to get better returns on the money they invested in their vehicles. It’s a great opportunity for people with cars they barely use. Some entrepreneurs even use these...
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Feb 11, 2020 | Airbnb Taxes, Carshare Taxes, Tax Tips, Turo Taxes
Working with an expert can save you from learning from your own mistakes. And having a tax advisor is a smart choice that can lead to a lot of benefits for your business. Tax advisors aren’t just for tax preparation. They can provide guidance on multiple areas...
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