Case Study
Short Term Rental Occupancy Tax Across 8 States and 23 Jurisdictions
95% Time Savings and $12,400 Tax Refund Recovered
$12.4K
Refund Recovered
90%
Time Saved
0
Penalties Since
Client Snapshot
- Portfolio
- 95 properties across 8 states
- Tax Variations
- 23+ local tax jurisdictions
- Prior Penalties
- 4 penalties totaling $3,800 in the prior year
- Time Spent
- 20+ hours quarterly on manual compliance
Challenges
- 23+ Tax VariationsLocal tax jurisdictions with platforms collecting taxes differently
- 20+ Hours QuarterlySpent on manual compliance across all states
- 4 Prior PenaltiesTotaling $3,800 in the prior year alone
Results
- Tax Refund$12,400 in overcollected taxes recovered from prior 18 months
- Time Savings20 hrs/quarter reduced to 2 hrs/quarter (90% reduction)
- Zero PenaltiesNo penalties since engagement, with 48-hour regulatory change alerts active
- Annual SavingsProjected $12,000 to $15,000 per year
The Solution
FinAccurex built a unified multi-state tax tracking system, identified overcollected taxes from prior 18 months, and implemented 48-hour regulatory change alerts.
Projected annual savings of $12,000 to $15,000 through proper tax compliance automation and elimination of penalties.
Is This Your Situation?
- Your properties span several states and more than a handful of local tax jurisdictions.
- Booking platforms collect some taxes and not others, and compliance takes 20 or more hours a quarter.
- You have already paid tax penalties in the past year.
Service Used
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