Services
If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. My firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.
I will thoroughly and conscientiously study your personal situation, and tailor my advice to your specific needs.
Accounting and Operational Software
The marketplace has a variety of software for the short-term rental hosts. A combination of accounting cloud computing software like QuickBooks and Sage and other technology solutions specific for your short-term rental business. First, we will discuss where you are now with your business and where you need to be.
Contact us today to schedule an appointment.
Bookkeeping Workflow and General Accounting
After completing your client intake checklist, the next step is to verify documentation that all your company’s accounts receivable and accounts payable, especially payroll and state tax liabilities, are up to date. This is part of a general bookkeeping “clean-up” to ensure that your ledgers are accurate. Improper categorization of income and certain expenses will cause your financial statements to be overstated. We will ONLY revise up to 3 years of bookkeeping “clean-up” to verify that you are tax compliant, depending on your current accounting methods based on your intake information.
Business Consulting
The uniqueness of peer-to-peer rental business is seasonal based on regional demand. After reviewing the historical bookkeeping and tax information about your company, we will discuss your company’s current fiscal position and your plans for its’ future growth. We will focus on the strengths and weaknesses of your regional off-season transactions and plan to complement the peak seasons and stave off any losses.
Financial Analysis
After financial statements are created an analysis of historical income and profitability will be examined to plan and strategize the next fiscal year. The peer to peer sharing economy is very sensitive to seasonal and regional macroeconomics. Together, we will analyze your company’s current fiscal standing, mindful of regional regulations and the tax implications to strategize next fiscal year.
Financial Statements
The financial statements will reflect the structure of your unique business as a peer-to-peer host, whether your company is focused on short-term car or lodging rentals. The ability to maintain and create accurate and timely financial records leads to reliable financial statements for owners, shareholders and stakeholders for your company.
IRS Representation
If your business needs issues resolved with the I.R.S. you will have a registered agent to represent you. As a registered tax preparer with the I.R.S., our services are limited to but includes conferences on your behalf with I.R.S. customer service representatives and revenue agents. Contact us as soon as possible when you receive any I.R.S. notices of deficiencies to quickly resolve the matter.
Notary Public
We offer Notary Public services to authenticate all your business and personal documents for a nominal fee. Contact us when you need such services.
Payroll Services
As a short-term lease host, your needs to manage your staff are different, especially during the slow seasons. You may have a staggered staff of employees or may decide to have independent contractors, who render their services when needed. Whether you are at the beginning or a more mature stage as a host, you can rely on us to filing the necessary payroll tax information with the local and state government for all your employees and contractors.
Sales Tax Services
State and local tax authorities are looking to maximize sales tax collections. We can help you understand and manage your local and state sales tax obligations and prepare sales tax returns in an efficient and timely manner. As a peer-to-peer short term hosts different municipalities will access a different tax rate for your service. We, at Arendate™ LLC will help manage your tax responsibilities.
Tax Preparation & Planning
How your company will be taxed is depends on the structure of your Peer-to-Peer hosting business. We can help you minimize your local, state and federal tax liability and assist your P2P company navigate through the various tax statues for industry specific small business. Tax planning and preparation should be an integral strategy for your business. We will constantly remain up to date with the latest tax legislation and regulations on this sharing economy sector. The earlier we begin your tax planning strategy the less stressful end of year tax season.