Rental or business? Navigating the tax treatment of short-term rentals
Understand how the IRS taxes short-term rentals, from the 14-day rule to deductible expenses and 1099-K reporting. A must-read guide for short-term rental hosts.
Find the expertise you are looking for at MHP. Offices in Cheyenne, WY and Fort Collins, CO.
From our beginnings in the early-1930s, we’ve taken pride in providing outstanding client services. Our core values include visionary leadership, unwavering honesty and integrity, a passion for helping our clients succeed, timely service, teamwork, employee commitment, community stewardship, and fun.
Please let us know if you are a inquiring about our services or if you’re an existing client.
Learn more about MHP’s partners, managers, and staff. Our different backgrounds, expertise, and experience make us a powerful organization capable of handling our clients’ most demanding challenges.
Learn more about MHP’s partners, managers, and staff. Our different backgrounds, expertise, and experience make us a powerful organization capable of handling our clients’ most demanding challenges.
When it comes to all types of accounting services, you need a team you can trust to provide you with all the information you need to keep your business successful. MHP will always keep your personal and business interests in mind.
Audit services provided by McGee, Hearne & Paiz, LLP
Understand how the IRS taxes short-term rentals, from the 14-day rule to deductible expenses and 1099-K reporting. A must-read guide for short-term rental hosts.
The IRS is offering penalty relief for 2025 as employers struggle to comply with new reporting requirements for tips and overtime pay under the OBBBA. While businesses won’t face penalties this year for failing to separately report qualified tips, overtime compensation, and occupation codes, this transition period is explicitly temporary—and smart employers will use it to prepare for full compliance in 2026.
From expanded deductions and new above-the-line benefits to shifting phaseouts and sunsetting exemptions, 2025 offers unique opportunities for individuals to lower their tax liability before year-end. This guide highlights smart, timely moves to help you make the most of current law before key changes take effect in 2026.
With over 80 team members, MHP is the largest professional services firm in Wyoming and a growing name in Northern Colorado. Find out more about our historic company, how we serve our clients, and how you can join our team.
MHP provides accounting services for construction and real estate firms, government agencies, healthcare, and non-profit organizations. We also help individuals build and preserve their wealth.
Work with MHP at one of our two offices in Cheyenne, Wyoming, or Fort Collins, Colorado. Learn about our culture, what it’s like to work at MHP, and the many benefits and incentives we offer our staff.