Best all-in-one accounting software for HVAC businesses
All-in-one finance platform for accounting, bookkeeping, taxes and payroll for hotel businesses
Why hotel owners love mesha
Hours saved on accounting, bookkeeping and financial admin tasks
saved on bookkeeping and tax fees
accurate financial insights
Financial powerhouse for your hotel business
Intelligent accounting software for modern hotel businesses
Supercharge your hotel business growth and close your books 3X faster
Specialized bookkeeping solutions for your hotel business
Running an hotel-based business involves a set of financial intricacies that are distinct from traditional businesses. Our tailored accounting and bookkeeping services are expertly crafted to meet the specific financial requirements. We have a deep understanding of the unique financial challenges you face and the specialized tools and expertise required to handle them with precision and efficiency.
Trusted tax management and filing for hotel businesses
Tax Management Software
  • Automated tax calculation for sales, payroll and federal
  • Reminders on taxes and compliance filing
  • Tax ready reports with P&L, expenses and balance sheets
Tax Prep and Filing
  • Instant access to top tax consultants for hotel businesses
  • Proficient counsel on hotel seller specific tax frameworks and tax-efficient strategies
  • Minimizing tax liabilities and maximizing deductions
  • Stay up to date on dynamic tax laws and regulations impacting hotel industry

Tax related FAQs for hotel businesses

What taxes does a hotel business need to pay?

Hotel businesses typically need to pay a variety of taxes, including income tax, property tax, sales tax, occupancy tax, and payroll taxes. The specific taxes can vary by location and the size and nature of the hotel.

Hotel businesses can typically deduct a range of expenses, including those related to property maintenance, employee wages, marketing and advertising, utility bills, and depreciation on assets. Consult with a tax professional to maximize your allowable deductions.

Whether you need to collect and remit sales tax on room rates depends on the state and local regulations. Some areas exempt room rates from sales tax, while others require you to charge and remit sales tax. It's essential to understand the specific rules in your location.

Minimizing tax liability often involves strategic financial planning. You can consider tax credits, deductions, and incentives available to the hospitality industry. Properly managing your books, keeping thorough records, and working with a tax professional can help reduce your tax burden.

Providing complementary services can affect your tax liability. These services may be subject to sales tax, so it's important to understand the local tax laws and whether such services are exempt or no

Depreciation is an accounting method used to allocate the cost of tangible assets over their useful life. Depreciation can reduce your taxable income, thus lowering your tax liability. Different assets have varying depreciation schedules, and it's advisable to consult with a tax professional to ensure accurate depreciation calculations.

Maintain thorough and organized records of all financial transactions, including receipts, invoices, payroll records, occupancy reports, and any other financial documents. Proper record-keeping is essential for tax compliance and in case of audits.

Hotels operating in multiple locations may face varying state and local tax regulations. It's crucial to understand the tax laws in each location, including differences in sales tax rates and occupancy tax rates. Working with tax professionals who are well-versed in multiple jurisdictions can be valuable.

The filing and payment deadlines for hotel business taxes can vary. Income tax filings typically follow federal and state schedules, while occupancy taxes may have monthly or quarterly deadlines. It's essential to know and adhere to these deadlines to avoid penalties and interest.

Making payroll painless for hotel businesses

Our comprehensive payroll features help make payroll management super simple.

Stay compliant with mesha
  • Off Cycle payroll and flexible payment schedules

  • Next day direct deposit

  • Payroll Deductions and Garnishments

  • Overtime and reimbursement calculations

  • Payroll and taxes across multiple states

  • Payroll for FTEs, contractors and freelancers

Payroll taxes and compliance

We take care of taxes and compliance to adhere to the local regulations and government declarations.

Stay compliant with mesha
  • Automated tax calculation

  • Tax filing and reporting

  • Tax codes and regulation updates

  • Multi jurisdiction compliance

  • Tax liability tracking

  • Work Classification Compliance

  • SUI Reporting

  • Wage Garnishments and Deductions

Want to start a hotel business, but don’t know how to go about it?
Build a foundation of financial success with mesha