How do you stay compliant with local Airbnb regulations and tax laws?

[Sohaib14]

As an Airbnb host, staying compliant with local regulations and tax laws is essential, but it can be challenging to navigate all the rules. I'm curious about how other hosts ensure they are meeting all legal requirements. What steps do you take to stay up-to-date with changes in short-term rental regulations? Do you use any tools or resources to help manage taxes, permits, and licenses? Additionally, how do you handle filing taxes for your Airbnb income? I'd love to hear about any tips or experiences you’ve had in staying compliant and avoiding potential legal issues. Thanks for your input!

[Mike-And-Jane0]

@Sohaib14 You have two choices - Either research all the tax rules yourself or pay an accountant to do so. We always took the first approach but could perhaps have benefited from the latter for our first return to just check we took advantage of all the possible tax breaks.