Airbnb as a Tax Strategy
With over 300 Airbnb clients with multiple income streams, we understand how to use short-term real estate as a wealth-building tool, while maintaining a tax advantage in an ever growing complex portfolio.
1099 Taxes Solved
Whether you work on Upwork or have a successful solo consulting practice, you’ll want to make sure you’re doing the right things for your taxes, credit, and well being. We’re here to save you time, money, and give you peace of mind with tax preparation services.
Car Sharing on Turo
Whether you’re renting out one car of a fleet, you’ll need to make sure that your loans, depreciation, and expenses are handled properly. Our tax preparation and strategy gives you the keys to better decision making and results.
Whether you’re renting out one car of a fleet, you’ll need to make sure that your loans, depreciation, and expenses are handled properly. Our tax preparation and strategy gives you the keys to better decision making and results.
We’ve been featured in the following publications
Top-Tier Accounting Solutions for Airbnb Hosts & Independent Contractors
Welcome to Shared Economy Tax, your trusted partner in tax services and accounting solutions tailored specifically to meet the unique needs of Airbnb hosts and independent contractors. Our team of accountants understands the distinct financial challenges and opportunities that come with operating in the sharing economy.
Whether you’re an enterprising Airbnb host managing short-term rentals or an independent contractor navigating the world of self-employment, our CPAs are here to help. We will provide you with the guidance, expertise, and support necessary to optimize your financial success. With a deep understanding of the tax implications, income reporting, and tax deductions relevant to the industry, our Airbnb accountants strive to empower you to make informed financial decisions, maximize your income, and minimize your tax liability.
Explore our range of services, and let’s embark on a journey towards financial success in the Airbnb and 1099 landscape.
Our Services
Shared Economy Tax (formerly Shared Economy CPA) is the premiere Tax firm for 1099 Independent Contractors and those working in the Sharing Economy to help with tax planning, compliance, preparation and savings.
Specifically, we provide the following services:
Individual and Business Income Tax Return Preparation
Entity Selection: Corporate and LLC Tax Reporting Structures and Setup
Compliance with Local, State, and Federal Regulatory Requirements
Tax and Estate Planning
Quarterly Tax Payment Planning and Preparation
IRS Audit and Defense
Get to know our tax accountants
Real Stories, Real Entrepreneurs
I never thought I’d say this but I’m actually not dreading tax time anymore thanks to Natalie, Derek and Shared Economy Tax. I have been in business for over 4 years and have used 2 other tax professionals before calling them, and I’m so glad I did. As a creative entrepreneur and as someone with several completely different sources of income, it was so worthwhile to have their help in both getting my books organized and filing the various forms for two LLCs, a W-2 and a sole proprietorship. I love that they use current technology to enable working remotely, opposed to going into someone’s office to talk over everything. I was able to call -and- text Natalie with tax questions (and I have a lot of them). Even during their busy season, Natalie always made time for me and was responsive, as well as very personable. Their pricing is upfront and fair, and we got everything submitted on time. I highly recommend the services of Shared Economy Tax, they were worth every penny.
— Amy, Airbnb Host, Founder, Color & Code
Oakland, California
I found Shared Economy via a search looking for a CPA specializing in Airbnb. They took my chaotic year of new home, new state, new Airbnb and made it largely effortless. I look forward to working with them again next year.
— Holly, Airbnb Host
Riverdale Park, MD
When tax season came around after my first year of freelancing, I was completely lost. I knew that if I tried to muddle through on my own, I risked overpayment of my taxes or, even worse, penalties from the IRS. Fortunately, I heard of an online seminar featuring Derek Davis. His knowledge and commitment to helping freelancers with their accounting needs led me to choose Shared Economy Tax as my tax preparer.
It was an excellent choice. Everyone at Shared Economy was polite, efficient, and extremely helpful. I could not have asked for a better experience, and I’m truly happy that I’ve found experts for all my accounting needs.
— Heath, Upwork Freelancer, Freelance Medical Writer/Editor
Helena, Alabama
I was looking for a knowledgeable, professional, and competitively priced Accountant to help me file my taxes. I’m glad I found Shared Economy Tax because they met my expectations in these areas and were very knowledgeable regarding how I handle my Airbnb income and expenses.
— Blaine, Airbnb Host
Portland, OR
Shared Economy Tax is super easy to work with. I used to have to spend hours filling out a packet for my previous Tax, then mailing it off and going to an in-person meeting. Everything with SET is online, fast communication and they got me a nice return. Highly recommend!
— Jocelyn, Airbnb Host
Los Angeles, California
Pleasure working with Miguel and his team. Very effective and provided the right set of skills for what I was looking for. Thanks Miguel!
— Brian, Airbnb Host
Boston, MA
Miguel and Kym helped us with our Airbnb taxes. We didn’t really know what we were doing, but they walked us through everything and helped understand our business better. Shared Economy Tax ended up saving us a ton of money on our taxes. Also, I highly recommend checking out their blog and videos. Tons of really helpful content.
— Katie & Spencer, Airbnb Super Hosts
Salt Lake City, Utah
Derek was able to help get my complicated and disorganized business ready for tax season and the process went amazingly well. He took care of everything and alleviated all my headaches. I cannot recommend Derek highly enough!
— Robbie, Airbnb Host; Founder, Inner Confidence
Los Angeles, California
Miguel was very helpful and easy to work with! I would highly recommend him to anyone who Airbnbs or is part of the sharing community- he has valuable insights and advice on getting taxes done efficiently and properly. Big thanks to Miguel and everyone at Shared Economy!
— Maria, Airbnb Host and Professional Musician
Colombus, Ohio
In all my years of filing taxes, never have I experienced a more personable, understanding, compassionate and professional group of people. This team is incredibly focused and has the experience that will top anyone, anywhere period.
— Tyler, Uber Driver
Jeannette, PA
Shared Economy Tax was fast to respond, simple to work with, and gave me confidence in a complicated tax situation. I’m looking forward to working with them again this coming year!
— Jason, Airbnb Host & Chief Technology Officer
Tierra Verde, FL
I highly recommend Shared Economy Tax Services, it was my first year doing my taxes as a business Airbnb Host & Property Manager. I honestly thought it was going to be a huge project, but it so easy that I couldn’t even believe it, they understand how the shared economy works perfectly and I obtained the expected results, no surprises no hassles, they definitely deliver more than what they advertise.
— Pedro, Airbnb Host
Long Beach, CA
New to Hosting and doing business taxes, Miguel has made my life so much simpler with the services he provided. As a Vet with PTSD, trust is my biggest issue and Miguel has won that over.
— Laysell, Airbnb Host
Seattle, WA