Rental Income & Tax Administration

Rental Income & Tax Administration gcoconsult February 4, 2022
Taking Care of Business

For a business that’s centered around helping people have the trip of their dreams, there are a lot of mundane tasks involved.

Running a vacation rental company is more than just buying properties and listing them on VRBO or Airbnb. It’s not a “side hustle,” but a legitimate business that requires you to follow certain laws and protocols in order to stay above board.

As much fun as it can be to shower guests with amazing hospitality, there’s a serious side to the industry that, if not done correctly, can have serious consequences.

two people reviewing tax docs
Close-up Of A Person's Hand Typing On Laptop Over Wooden Desk
Guidance You Can Trust

When we started our short term vacation management company in 2011, there was a lot that we needed to figure out about setting up and running a business. While we eventually managed to build our portfolio to over 100 properties, we had to overcome a lot of hurdles to get there.

And now, our goal is to help you avoid these obstacles.

Whether you’re just setting up a brand-new company or simply looking for a way to get your nights and weekends back, we have the resources and advice to help you meet your goals. With the right property management software, some behind-the-scenes administrative assistance, and our expert guidance, you’ll be well equipped to take your business to new heights.

Ready To Grow Your Business?

We have the connections, resources, and advice you need to make your vacation rental business a success. Contact us now to see how we can help you!

Help From the First Step

When it comes to running a business, you can’t afford to make mistakes. Failure to get the proper licenses and pay your taxes in a timely manner can result in fines or even having your operations shut down.

But with GCO, you won’t have to worry about keeping track. We’ll walk you through the process of getting registered at the county and state level and make sure your taxes are paid in full. Can’t tell a 1099 from a 1042-S? We can point you in the right direction.

And if you’d rather us take on all of the accounting and bookkeeping, we can handle that, too. Our experience in trust accounting and rental property management makes us the perfect partner.

We know firsthand how much work and worry goes into this job. We also know how easy it is for important things to slip through the cracks.

Woman reviewing rental tax income statement
person using calculator to add rental income
Your On-Call Experts

It takes an incredible amount of organization to juggle everything that goes into a vacation property management company. But you don’t have to do it all yourself!

We created GCO so that we could be the consultant company we wish we’d had when we were just starting out. We are honored to provide this service to our clients today.

However, we’re not content to simply point you in the right direction and send you on your way. Where we excel is in taking on the burden of managing your finances. From trust accounting to paying monthly and annual taxes, we find that your business works best when you run it…and leave others to handle the paperwork.

Our entire suite of services is a la carte and fully customizable, so you can create the coverage you need.

Call us today so we can discuss how to streamline your business.

Save Time.
Earn More.

Back-Office Support On Demand
  • Tax Registration Consulting
  • County & State Taxes
  • Trust Accounting
  • Business Consulting
  • Customizable Services
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