In this webinar, our CEO Miguel Alexander Centeno and Account Executive Jacob Burris sat down with Aubrey Janik, Content Creator and Pioneering Car Sharing Host to discuss Turo Business Essentials. […]
Category: Turo Taxes
Turo Tax Guide: Car Share Tax Tips
Turo hosting is a great way to generate extra income from your vehicles, but the money you earn on the platform is taxable. Whether you’re new to Turo or an […]
Tax Deductions for Turo Car Rental Fleets
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 […]
Turo Insurance for Fleet Owners: Everything You Need to Know
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 […]
Leasing vs Buying a Car: Which Offers More Tax Savings?
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 implications of lease vs. buy tax before deciding to lease or purchase new vehicles.Here are some important points to consider in evaluating lease vs. buy tax.Lease Tax Treatment vs. Depreciation Depreciation is a tax method tha […] […]
Car Depreciation for 1099 Contractors and Car-Sharers
Carsharing presents a great opportunity for people with cars sitting in their driveway and for entrepreneurs looking to compete with traditional car-rental services. In addition, there can be key tax benefits. If you’ve earned money this year from sharing your car on Relay Rides, Turo, or Maven, you should know that you may be eligible to take a deduction on your taxes for your vehicle. The tax code’s vehicle Section 179 deduction could potentially save you a lot of money on your taxes. Here is […] […]
How to Find the Best Tax Professional for Your Business
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 […]
Should Fleet Owners Offer Turo Car Rental?
Turo car rental can be a great way for fleet owners to get the most out of their vehicles. You can find everything you need to get started inside. […]