Looking for a local (Chicago OR Bradenton) CPA or tax advisor with experience in short term rentals
We started a new business this past year and it's our first time doing taxes. We are looking for recommendations for a CPA or tax advisor that has knowledge and experience working with taxes for short term rentals.
We are located in Chicago but our rental is in Bradenton, FL--so really someone located in either spot would be great. We'd just like to be able to easily communicate with them or maybe even meet in person.
@Moira117 Just FYI, taxes for a STR are not particularly complicated. ANY competent tax processor should be able to process your STR numbers easily. Short or long-term rentals don't differ a lot- it's simply a matter of income minus expenses equaling your net profit. It goes on a Schedule E.
As long as you've kept good track of everything, it's pretty straightforward.
Why am I telling you this? So you don't spend a lot of time looking for someone special. This is really basic when it comes to taxes. Just ask your friends/family/other locals and take their recommendations. Good luck.