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Navigate These Tax Compliance Challenges
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Lodging Tax Reporting: Gain a clear understanding of taxes collected from guests across all properties and channels to ensure accurate reporting within each jurisdiction.
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Multi-State Returns: Allocate annual income by state and maximize deductible expenses for simple and streamlined tax preparation.
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1099s for Vendors and Owners: Avoid the stress of collecting W-9s and TINs at the last minute with our team checking 1099s off your tax season to-do list.
Lodging and Occupancy Tax Reporting
Avoid getting a letter of noncompliance from your jurisdiction. To be certain you’re collecting and remitting vacation-term rental taxes correctly, our team will:
- Reconcile lodging and occupancy taxes due to tax collected, and
- Report taxable income by unit and channel each month
Tax Liaison Support for Vacation Rental Managers
As the team managing your company’s day-to-day accounting processes, we’ll work with your CPA or tax preparer at year-end, so you don’t have to be the middleman. We will:
- Prepare annual financial statements
- Ensure financial information in accounting software is accurate
Multi –State Income Tax Services
Make tax season a breeze with all your accounting and tax processes under one roof. We offer multi-state tax preparation and e-filing services to help vacation rental managers stress less.
- Allocate income by state
- Maximize deductible expenses
- Prepare & file forms: 1040, 1120, 1120S, 1065
- Multi-state returns
1099 Compliance for Vacation Rental Managers
Stay ahead of tax deadlines with Ximplifi preparing and filing 1099s for your owners and contractors. We will:
- Ensure W-9s and TINs are on file
- Review and prepare year-end statements
- Prepare 1099-NEC and 1099-MISC forms and send to recipients
- File 1099s with the IRS and state agencies
Accounting Solutions Trusted by Property Managers
Rental Units
Property Managers
Years Combined Experience
WHY XIMPLIFI?
Vacation Rental Tax Compliance Made Simple
As a team of CPAs and accountants who specialize in serving the vacation rental industry, we have proven processes to help you navigate complex tax requirements.
Real-World Experience
Our team has years of practice helping property managers decipher complicated tax regulations. Understand which portion of your revenues are taxable to keep your business in good standing.
Seamlessly Integrated Workflows
Ximplifi helps you implement and optimize industry-proven software, simplifying financial processes and enhancing accuracy, so you can focus on delivering exceptional guest experiences.
Gain Financial Clarity
Receive detailed and accurate financial reports tailored to your business needs. Our accounting services provide clear insights into your financial health, empowering you to make strategic decisions with confidence.
FAQS
You have Questions. We have Answers
Does Ximplifi work with Avalara MyLodgeTax?
Yes! Our team will report your taxable income by unit and channel to MyLodgeTax each month for properties that are set up in the platform.
