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On April 17th, Host2Host featured a panel of bookkeeping experts to help solve your bookkeeping challenges. The session focused on best practices for staying financially organized, tracking income and expenses, and preparing for tax time. We heard from Host2Host business affiliate member Kim Boaz with Back to Basics Bookkeeping, Megan Carter with The Nerdy Keeper, and Adam Hamilton with REIHub.
Key tips included:
- Always separate personal and business finances (especially if you have an LLC)
- Track gross income and separately categorize OTA fees and taxes
- Reconcile accounts monthly to catch mistakes or fraud
- Keep digital records of receipts and tax documents for at least 7 years
- Save 20–30% of gross income for taxes
Panelists also discussed common pitfalls like misclassifying expenses or forgetting to issue 1099s, and they shared go-to tools like QuickBooks, Stessa, and Track1099.
Whether you're new to hosting or scaling up your business, solid bookkeeping can save you time, stress, and money. Missed the session? You can watch it on our Youtube channel. Members can always access our past events on our website.
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