Accounting News & Commentary
California Proposes a 15% Tax On Airbnb VRBO Rentals
Airbnb VRBO Owners May See a 15% Tax in California California lawmakers are considering whether to tax short-term rentals to help fund affordable housing initiatives. The proposed California tax would be 15% on the rental price for short-term rentals (i.e., properties...
Choosing the Right Entity For Your Business Part 2
THE S CORPORATION Like LLC's, S Corporations offer the benefit of limiting the business liability at the entity level giving you protection from law suits. Also S Corporations are a "pass through" tax entity, meaning that the taxable net income or loss (bottom line)...
Gathering Your Tax Info for 2023 Part 1
Tax season is upon us and here are some things you might need to give to your tax professional Besides the W-2's and 1099's that you receive, parents of students (and those that are students) may have tax benefits that they should definitely be taking advantage of....
Choosing the Right Entity For Your Business Part 1
THE LLC For new and existing business owners the latest trend is to form a Limited Liability Company (LLC). Advertisers and promoters are calling it the magic bullet for protecting yourself and to have a tax advantage. The real news is that business owners in...
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