| Resources | Blog |
Articles |
Booking Demo |
Forum |
Help Pages |
How-To Videos |
Releases |
||||||||||||||||
| Resources: Blog |  |
|
Hi...Having trouble figuring out how I should list tax on an Airbnb reserved rental. Should I just list normally & make a 'note' to subtract that tax from my quarterlies or is there a way to program in such a way that it is noted as tax on reservation but does not go into my reports that I run for quarterly payments. KWIM? Hard to explain. Air now holds and pays my TOT tax on rentals booked via them. I still pay quarterly and collect when guests book other sites or direct. First time I'm having to itemize and not sure if there is an easier way...
4 Responses:
John Amato, April 18, 2017:
dtarca, April 19, 2017:
PACVL, June 30, 2018:
PACVL, June 30, 2018:
Reply »
John Amato, April 18, 2017:
Might help if we looked at an example booking together, do you have one you can share with me (privately in email: john@bookerville.com)
I will say that these issues are usually much easier handled with the use of Channel Managers
I will say that these issues are usually much easier handled with the use of Channel Managers
dtarca, April 19, 2017:
Thank you for response. I've not looked at Channel Managers as of yet so will do so now. I will reply with example privately as suggested if I still have questions. Appreciate timely response.
PACVL, June 30, 2018:
John this is one that should be looked at for the channel managers as well. When the booking needs to be adjusted in BV I have not found a way to let BV know that you should not charge tax when the booking is from AirBnB and soon for me Home Away. What we do is manually change the taxes to zero and make sure that the Marketing Channel field has the appropriate AirBnB distinction. Then at the end of the quarter we run the TAX report that shows us all bookings for a quarter and provides the taxable total for our state and city forms AND we run the Marketing Channel report so that we can also provide the information on our State and Local forms for AirBnB specifically since we do not collect the tax on those and will be reducing our taxable liability by those rentals.
Ideally it would be nice to run a tax report that did this for us so that we didn't have to piece it all together. Section for all rentals within the period, and then a section for each Channel with subtotals for that channel and then a grand total at the bottom that would be the total rentals minus the channels or the Net that we are responsible to collect and pay taxes on.
Ideally it would be nice to run a tax report that did this for us so that we didn't have to piece it all together. Section for all rentals within the period, and then a section for each Channel with subtotals for that channel and then a grand total at the bottom that would be the total rentals minus the channels or the Net that we are responsible to collect and pay taxes on.
PACVL, June 30, 2018:
John this is one that should be looked at for the channel managers as well. When the booking needs to be adjusted in BV I have not found a way to let BV know that you should not charge tax when the booking is from AirBnB and soon for me Home Away. What we do is manually change the taxes to zero and make sure that the Marketing Channel field has the appropriate AirBnB distinction. Then at the end of the quarter we run the TAX report that shows us all bookings for a quarter and provides the taxable total for our state and city forms AND we run the Marketing Channel report so that we can also provide the information on our State and Local forms for AirBnB specifically since we do not collect the tax on those and will be reducing our taxable liability by those rentals.
Ideally it would be nice to run a tax report that did this for us so that we didn't have to piece it all together. Section for all rentals within the period, and then a section for each Channel with subtotals for that channel and then a grand total at the bottom that would be the total rentals minus the channels or the Net that we are responsible to collect and pay taxes on.
Ideally it would be nice to run a tax report that did this for us so that we didn't have to piece it all together. Section for all rentals within the period, and then a section for each Channel with subtotals for that channel and then a grand total at the bottom that would be the total rentals minus the channels or the Net that we are responsible to collect and pay taxes on.
Recent Posts:
Monthly Archives:
Categories:
- Minimum Days Between Bookings
- Property Deletes No Longer Permitted
- Bookerville's New Maintenance App
- Automated Refunds Are Here!
- Send Your Scheduled Emails Hourly
- "From" Address and Bookerville Email Delivery
- Automatic Emails and Listing Sites
- Vacation Rental Channel Managers
- At-A-Glance Tab Updates
- Bookerville Reads Your VRBO iCal Feed
- Guest Services Mobile App!
Monthly Archives:
- February 2021 (1)
- May 2020 (1)
- January 2020 (2)
- December 2019 (1)
- August 2019 (1)
- November 2018 (1)
- February 2017 (1)
- November 2016 (1)
- May 2016 (1)
- April 2016 (1)
- January 2016 (1)
- August 2015 (1)
Categories:
| Bookerville, LLC | ||
| 21954 Hyde Park Drive Ashburn, VA 20147 |  |
 |
 |
