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.

Shared Economy Tax (formerly Shared Economy CPA) is the premier tax firm for earners and entrepreneurs in the Sharing Economy to help with tax planning, compliance, preparation, and savings.

Updated Tax Brackets for 2021 for Single and Joint Filers

If you have an income, you're responsible for taxes. The government taxes everyone, but Uncle Sam taxes wealthier taxpayers at a higher rate. Your tax bracket depends on how much you earn, whether you're filing jointly, and a few other factors. We're going to cover...

Tax Brackets for Self-Employed Individuals in 2020

Tax season is approaching fast, so you should get focused on your taxes. Your taxable income will determine your final year-end tax bill. To determine taxable income, subtract your allowed deductions from your total income. Your adjusted gross income will include...

IRS Schedule C Instructions For Independent Contractors

For independent contractors, filing taxes is a little more complicated. Contractors don’t have an employer, so they’re responsible for paying taxes and reporting their income. 1099 contractors must use IRS Form 1040 to report income. However, Form 1040 includes...

Estimated Tax Payments for 1099 Independent Contractors

Find everything you need to know to correctly estimate and pay your quarterly taxes in this complete guide.

The Best Section 179 Vehicles for 2021

Small business owners - especially during the COVID-19 era - need to save money whenever they can. The IRS recognizes this reality and offers a variety of tax incentives to help businesses both grow and save money. If you bought or leased a vehicle for your small...

IRS Hobby Loss Rules: Deductions for Doing What You Love 

Have you ever considered turning a hobby into an income-producing activity? Starting a second business around something you love to do can provide outstanding tax benefits. But, before diving into a new enterprise, individuals should understand IRS hobby loss rules....

Investing in Art and NFTs for Tax Deductions

For high net worth individuals, tax strategies and investing go hand-in-hand. If you’re not diligent about the tax consequences of your investments, you may owe the IRS far more than anticipated. As such, these wealthy individuals often ask our team about the...

Can an Offshore Trust Save You Money on Taxes?

There’s been a lot of talk in the news recently about Congress raising taxes on the wealthy. Regardless of what the final legislation looks like, high earners can expect some increase in taxes. If you fall into this category, you should take steps now to start...

The October Corporate Tax Deadline: What You Need to Know

Filing taxes can be a headache for any small business. But, corporations, in particular, face a unique set of challenges. Sole proprietors file a Schedule C with their personal tax returns. Businesses organized as a corporation must file a completely separate,...

The 5 Most Common Audit Triggers and How to Avoid Them

Filing your taxes can create a ton of stress. The US tax code is thousands of pages long – and extremely complicated. Despite this complexity, the IRS expects you to comply with all of these detailed rules. If you don't, you may face an audit, which can lead to owing...

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:

personal and business tax

Individual and Business Income Tax Return Preparation

Real Estate tax

Tax and Estate Planning

Entity Selection

Entity Selection: Corporate and LLC Tax Reporting Structures and Setup

Tax planning

Quarterly Tax Payment Planning and Preparation

Law Compilance

Compliance with Local, State, and Federal Regulatory Requirements

Defense

IRS Audit and Defense

Get to know us

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, Oakland, California

Founder, Color & Code

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, Helena, Alabama

Freelance Medical Writer/Editor

?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, Los Angeles, California

Founder, Inner Confidence

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

We are open from 10 AM - 6 PM, Monday to Friday

Contact Us for Tax & Bookkeeping Services Today!