Airbnb Accounting: Expert Bookkeeping and Tax Services

There are numerous expenses that Airbnb hosts can claim as tax deductions, which reduce their tax liability by reducing their taxable income. Repairs, cleaning fees, and mortgage interest are some of the top deductions you should consider claiming. When 1-800Accountant handles your short-term rental accounting work, your designated team ensures your business claims every eligible tax deduction.

If you've made improvements that you expect will depreciate faster than your residential property's determinable useful life of 27.5 years, you may benefit from a cost segregation study. A cost segregation study will identify rental property assets, such as furniture and appliances, that can be depreciated over a shorter time, such as 5, 7, or 15 years.

Our full-service accounting solution ensures your taxes are prepared and filed for maximum tax savings, provides access to your accountant for personalized advisory throughout the tax year, and submits simple income reports to help you make critical business decisions about the direction of your Airbnb operations. Eliminate short-term rental uncertainty when you work with America's leading virtual accounting firm for small businesses.

Whether you own a single short-term rental property or are expanding your real estate portfolio, 1-800Accountant supports your operations with income and expense tracking. Our proprietary bookkeeping platform, ClientBooks, is compatible with leading do-it-yourself accounting systems and accounting software (Xero, Quickbooks Online, etc.), ensuring seamless integration with your previous tracking activities.

1-800Accountant handles tax preparation and filing for Airbnb hosts on their behalf. We help you save through restructuring and reclassification and support your operations with year-round strategy and advice, so you're always confident about your business tax situation.

We can help calculate your occupancy tax obligation as mandated by state or sometimes local authorities. If you operate short-term rental properties in multiple states, we can support your operations by providing occupancy tax calculations for each state, taking any special rules or rate differences into account.

Yes, 1-800Accountant supports your Airbnb operations with financial reporting. Your accountant uses the financial information compiled by your bookkeeper to produce financial reports. These reports help you better understand your profitability, cash flow, and financial path. Often, Airbnb hosts turn to accountants for help understanding their finances at a high level for tax planning, forecasting, and advice.

1-800Accountant exclusively serves the financial needs of small business owners and self-employed Airbnb hosts with a suite of financial solutions in all 50 states. Our services do not currently extend to businesses operating outside the United States.

A separate business bank account isn't required for your Airbnb rental, but it can help streamline operations. Separating your personal and business bank accounts promotes efficiency and time savings while eliminating extra work you would need to do to isolate your business income and materials at tax time.

When you trust 1-800Accountant with your vacation rental accounting, your designated accounting team ensures your business is optimally structured and classified while identifying every opportunity to reduce your taxable income via tax deductions and credits for your Airbnb short-term rental business.