A quality cost segregation study looks at all of the real property improvements associated with your golf course, golf resort or golf community and reclassifies much of that property into shorter tax-lived 5 and 15-year property.
$16.8 billion loss In state and local tax revenue from hotels
As a result of the sharp drop in travel demand from COVID-19, state and local tax revenue from hotel operations will drop by $16.8 billion in 2020, according to a new report by Oxford Economics released by the American Hotel & Lodging Association.
Airbnb delivers US$2B in tourist-related taxes
Over 400 agreements with local, state, territorial and national governments around the world have streamlined and facilitated tax collection for hosts, most of whom are sharing their homes for extra income and may not be equipped for complex accounting processes.
Tax Office action on unregulated accommodation
Australian Tax Office announced that it is strengthening its enforcement measures for short term rental accommodation.
