Pilot: Assigning tax remittance in the business model

When creating a business model, you choose whether the PMC or the owner is responsible for remitting taxes to the relevant tax authorities, and when the revenue is recognized. This setup applies to all taxes.

Now you have the option to split the remittance responsibility on a per tax basis. For example, the PMC remits sales tax while the owner remits state and local tax. You can also set the recognition date separately for the PMC and owner, for all assigned taxes.

Before you begin

This new feature is only available in newly created business models.

All taxes in Guesty are available to assign, even if you have not set up a particular tax in your account.

All taxes must be assigned between the PMC and owner in order to save your settings.

Assign tax remittance

Step by step:

1. Sign in to your Guesty account.
2. In the top navigation bar, click the mode selector and select Accounting mode.
3. Click Business models.
4. At the top right, click Add business model.
5. Fill in the business model fields. See full details here.
6. Scroll down and click Trust account income.
7. Scroll down to "Guest taxes". To the right, click
8. In the pop-up there are two sections: "Taxes remitted by PMC" and "Taxes remitted by owner". In each section:
   1. Under "Taxes", click the dropdown to select/deselect the relevant taxes. All taxes must be assigned to either PMC or owner.
   2. Under "Recognition", click the dropdown to select check-in or check-out. This will apply to all taxes assigned to the PMC or owner.
9. Click Save.
10. At the top right, click Save.