Tax

Hi! David

I use Payments by booking.com commission and fees are deducted from final payout.

In my country, Remittance of taxes is my responsibility every month.

Wish you well.

Hi Maria and readers, 

And if we get our payments, we actually pay tax on it on top, since this tiny business is set up under the umbrella of the farm and is not a private entity. 

So, therefore we can't go too cheap since there will not be much left. 

Most of us have a mortgage to pay off and pay for:

Groceries (and petrol to go to the shops)

Cleaning products for the house

Toiletteries

Washing machine / powder (at peak times washing everyday one load) and drying towels.

Dryer

Power

Wood for fireplace

Gas cylinder

Computer (!) and or other devices like cellphone, tablet.

Payment device (takes credit cards etc) 

Also, we do pay the council every year as well. (rates) for rubbish pickup, water etc

Cleaner if not doing it yourself

Alternative host if not doing it yourself

Door lock

and more

There is a big difference between gross and net in this industry

I have heard, to make money for a living you need at least 14 beds. 

(being paid per person) 

And that could well be right! 

Barry, you may have the tools to calculate this properly when winter and not too busy.

Greetings,

Aaltje B. 

The simple answer is no as guest is charged a rate then the tax% for the location.

The commission , fees are then against that.

Typically then you or your accountant will then write off your allowed expenses against vat bill to reduce how much vat you then pay monthly or annually to local tax office

So why do we keep hosting? 

Thats what my hubby says also ....why???

I am giving it a try!!!

Cheers!!!