Specialty Accounting

Congratulations on your first Airbnb or short-term rental! Owning a rental can create valuable opportunities, but the bookkeeping can become complicated faster than many new owners expect.

Cleaning supplies, furnishings, repairs, utilities, platform fees, maintenance, property expenses, and countless purchases throughout the year can add up quickly. It becomes even harder to untangle when rental expenses are mixed into personal checking accounts or credit cards.

T-1 provides monthly accounting and bookkeeping support to help keep your rental activity organized as you go. Instead of reconstructing an entire year of expenses when tax season arrives, you’ll have financial records maintained throughout the year and ready to share with your tax professional.

You focus on creating a five-star guest experience. We’ll focus on keeping the numbers organized behind it.

*Investment determined by scope

Is your boat held in an LLC, but you’re not quite sure how to keep track of everything that comes with it?

T-1 can manage the monthly accounting and help keep expenses organized throughout the year, giving you clean, accessible records when you need them. Instead of sorting through transactions months later, you can spend your time planning the next fishing trip, Catalina excursion, or sunset cruise through Newport Harbor.

April 15th should be about Yellowtail, not your taxes.

*Investment determined by scope

Running cattle. Training horses. Growing hay. Breeding dogs. Managing a small farm or agricultural operation. Your day can start before sunrise and somehow still run out of hours.

Between feeding, fencing, equipment repairs, veterinary visits, fuel, supplies, maintenance, and caring for animals, there are countless expenses moving through an agricultural operation throughout the year. Trying to reconstruct all of it months later can make it easy for transactions and supporting documentation to get overlooked.

T-1 can establish a simple, cloud-based accounting system and manage the ongoing bookkeeping so your financial records stay organized throughout the year. For operations whose tax professionals report qualifying activity on Schedule F or other applicable tax schedules, having cleaner records can make year-end preparation far less burdensome.

Your time belongs in the operation, not buried in receipts.

*Investment determined by scope