I recently had the opportunity to do a tour of the Balsams Resort, which is Les Otten’s (formerly of American Ski Company) new project. For those of you not aware of the resort here is some background. The historic resort, first opened in 1866, has been closed for the last 5 years. It is basically its own town in New Hampshire and is the site of the first in the nation voting in Presidential elections and primaries — there were nine votes cast in this year’s primary. The Balsams Resort is an ambitious project to revitalize one of the grand, old resorts in the country. It is truly a beautiful setting, with a world class golf course, hiking, biking and potential to create the largest ski area in the East. Historically, the Balsams, for any of you lucky enough to have ever stayed there, was also known for its cuisine, formal dining and cooking school.Read More
Barefoot Technologies Blog- Vacation Rental Industry News
We are starting to hear that states are using vacation rental companies as a hub to get information both directly and indirectly that affect taxes, insurance and workmen’s comp issues.
Consider this. A state revenue agent knocks on your door. They require you to provide data of reservations and that you trust accounts are correct. In doing so, they capture owners who work with you. They then have the ability to monitor the owner’s income to see if they are including that for tax purposes. The Revenue Agent also ask you about how you do cleaning and property management, if they are in house staff, they look to see if you fall in or out of insurance guidelines. If cleaners and property managers are independent contracts, they know who they are (thanks to you) and they track them down to see if they are filing taxes and more importantly, if that independent provider is hiring assistants that may fall into insurance and workman’s comp issues.Read More
Tags: Vacation Rental Industry