Short-term rentals have become a lucrative investment opportunity, especially with the rise of platforms like Airbnb and VRBO. However, navigating the tax landscape can be complex. CPAs play a crucial ...

Senate Bill 5576 would allow counties, cities and towns to impose a tax of up to 4% on short-term rentals used by vacation ...

Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...

Property owners (“Owners”) interested in engaging in short-term leases should carefully consider the structure of their contracts (“Leases”). Anticipating potential disputes and consequences is ...

When Skift founder and CEO Rafat Ali wrote last week that Airbnb and the short-term rental industry were suffering a "crisis ...

With the first year of the new lease accounting standards implementation complete, organizations find themselves at a critical juncture — the commencement of "day two" accounting. While the initial ...

Skift Research launched a seminal report on the short-term rental ecosystem back in 2019. The report was well received, and we have seen, and heard of, many cases where the industry has used our ...

For most families, owning a hotel is a fantasy. But owning a single rental property is the ground floor of a bigger dream — a way to fund college tuition or seed a future business through sweat equity ...