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Passports, Profits and Pixie Dust | Online Business Systems and Scaling for Travel Entrepreneurs
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397. Navigating Taxes for Travel Advisors with Andrew Roed
Manage episode 483675914 series 3252596
In this episode of the Passports, Profits, and Pixie Dust podcast, host Lindsay Dollinger interviews Andrew Roed, the founder of Taxes for Travel Agents. They dive into the complexities of tax preparation and financial planning specifically for travel advisors. Andrew shares his journey into the niche, sparked by his wife's career as a travel advisor, and offers key advice for new travel advisors, including the importance of separating personal and business finances, maintaining a robust system for tracking income and expenses, and understanding quarterly taxes. The episode also explores deductible travel expenses, the IRS's perspective on business vs. hobby activities, and practical steps to avoid audit issues. Andrew also discusses various resources, including an online course, his Facebook group, and individual consultations, aimed at helping travel advisors manage their taxes effectively.
00:00 Introduction and Guest Welcome
00:18 Andrew's Journey into Taxes for Travel Agents
02:22 Essential Tax Tips for New Travel Advisors
04:44 Choosing the Right Bookkeeping System
07:40 Understanding Quarterly Taxes
11:30 Travel Expense Deductions
25:46 Handling Audits and Hobby vs. Business
33:09 How to Work with Andrew
36:07 Conclusion and Future Plans
Connect with Andrew: www.taxesfortravelagents.com
Sign up for the Travel Agent Marketing Studio: https://www.lindsaydollinger.com/links
Connect with Lindsay: Learn more about the travel agent business or get quotes for a trip: https://www.lindsaydollinger.com/travel
Connect with Lindsay: https://www.lindsaydollinger.com
Get your ticket to Purpose, Profits, and Pixie Dust Live here: https://lindsaydollinger.regfox.com/purpose-profits-and-pixie-dust-live
Get 10% off your order at https://www.bellablingshop.com with code PODCAST
Tag @lindsaydollinger on IG when you listen and share the show!
Please subscribe to the show and leave a quick review! Appreciate you!
402 episodes
397. Navigating Taxes for Travel Advisors with Andrew Roed
Passports, Profits and Pixie Dust | Online Business Systems and Scaling for Travel Entrepreneurs
Manage episode 483675914 series 3252596
In this episode of the Passports, Profits, and Pixie Dust podcast, host Lindsay Dollinger interviews Andrew Roed, the founder of Taxes for Travel Agents. They dive into the complexities of tax preparation and financial planning specifically for travel advisors. Andrew shares his journey into the niche, sparked by his wife's career as a travel advisor, and offers key advice for new travel advisors, including the importance of separating personal and business finances, maintaining a robust system for tracking income and expenses, and understanding quarterly taxes. The episode also explores deductible travel expenses, the IRS's perspective on business vs. hobby activities, and practical steps to avoid audit issues. Andrew also discusses various resources, including an online course, his Facebook group, and individual consultations, aimed at helping travel advisors manage their taxes effectively.
00:00 Introduction and Guest Welcome
00:18 Andrew's Journey into Taxes for Travel Agents
02:22 Essential Tax Tips for New Travel Advisors
04:44 Choosing the Right Bookkeeping System
07:40 Understanding Quarterly Taxes
11:30 Travel Expense Deductions
25:46 Handling Audits and Hobby vs. Business
33:09 How to Work with Andrew
36:07 Conclusion and Future Plans
Connect with Andrew: www.taxesfortravelagents.com
Sign up for the Travel Agent Marketing Studio: https://www.lindsaydollinger.com/links
Connect with Lindsay: Learn more about the travel agent business or get quotes for a trip: https://www.lindsaydollinger.com/travel
Connect with Lindsay: https://www.lindsaydollinger.com
Get your ticket to Purpose, Profits, and Pixie Dust Live here: https://lindsaydollinger.regfox.com/purpose-profits-and-pixie-dust-live
Get 10% off your order at https://www.bellablingshop.com with code PODCAST
Tag @lindsaydollinger on IG when you listen and share the show!
Please subscribe to the show and leave a quick review! Appreciate you!
402 episodes
All episodes
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