STR / Airbnb Tax advice

[Stephen Stefanini]

This is the first end of tax year for my STR business. I've done my own taxes for years, but this will be my first time with an LLC & small business.

Any advice regarding taxes or accounting?

[Linda Weygant]

Thanks @Garry C.

The next question to ask should be "Am I structured properly for maximum tax savings and minimum personal liability?"

As @Basit Siddiqi mentioned, if you haven't considered an S-Corp yet, you should probably start exploring that road to see if it's one that will help you.