Checking in on the Hospitality Industry’s Tax Challenges
Whether you’re a bed and breakfast, an online travel agency (OTA) or a hotel chain, accurate tax calculation is critical. While these calculations have always been complex, the ramifications of non-compliance have never been higher. Companies in the hospitality industry -- especially hotels and other lodging businesses – face intense challenges in light of a spike in litigation over lodging and occupancy taxes. Headlines from business pages and digital publications throughout the country demonstrate this surge.