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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.

Get Started


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.

Get Started


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.

Get started


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.

Get Started


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.

Get Started


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.

Get started


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.

Get Started
Next
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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


 


 


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

Learn More About Services
 
Previous


 * TOP-7 TIPS FOR SMOOTH CORPORATE ACCOUNTING
   
   Businesses of all sizes need reliable accounting and bookkeeping systems to
   track their finances, including corporations. Whether it’s a Wall Street
   PubCo or a small C-Corp, every corporate business’s accounting practices must
   comply with regulations. However, corporate accounting doesn’t have to be
   complicated. Your corporate accounting system is well on its way to success
   if […]
   
   Read Post
   
   


 * UNEARNED INCOME BOOKKEEPING RULES
   
   Most people dream of living on unearned income and enjoying the easy life.
   But the taxation of unearned income is complex, and you’ll need to ensure
   that you have adequate records.  We’ll look at what is and is not unearned
   income, the most common types of income, and how to tax and report the
   income. […]
   
   Read Post
   
   


 * BOOKKEEPING RULES FOR PREPAID EXPENSES
   
   Expenses on the cash basis of accounting are simple. For example, if you
   write a check or charge something on your credit card, you’ve created an
   expense. But if your business uses the accrual basis of accounting,
   determining when you get to deduct an expense is more complicated. When you
   pay expenses for future accounting […]
   
   Read Post
   
   


 * WILL I GET A VENMO 1099 FOR 2022?
   
   Remote work has produced an influx of 1099 independent contractors, and the
   IRS updated its rules in 2022 to ensure everyone pays their fair share of
   taxes. As a result of the new rules, many more people will get a Venmo 1099
   in 2023. Starting on January 1, 2022, payment processors like Paypal and
   Venmo […]
   
   Read Post
   
   


 * IRS UNDERPAYMENT PENALTIES AND HOW TO AVOID THEM
   
   Did you know that if you owe the IRS money and you don’t pay them by the
   deadline, they will charge you a penalty? In this blog post, we’ll explain
   the possible penalties you may be charged for underpaying your taxes, and
   we’ll also give you some tips on how to avoid them. What is […]
   
   Read Post
   
   


 * NEW IRS TAX BRACKETS FOR 2023: EXPLAINED BY PROS 
   
   In a season when inflation is eating away at incomes, there may be some
   relief in the new guidelines issued by the U.S. Internal Revenue Service
   (IRS) for 2023 filings. In addition to new tax brackets, 2023 also promises
   revisions in minimum tax, exemptions, credits, and limitations that may
   benefit taxpayers. Lower taxable incomes and […]
   
   Read Post
   
   


 * TOP-7 TIPS FOR SMOOTH CORPORATE ACCOUNTING
   
   Businesses of all sizes need reliable accounting and bookkeeping systems to
   track their finances, including corporations. Whether it’s a Wall Street
   PubCo or a small C-Corp, every corporate business’s accounting practices must
   comply with regulations. However, corporate accounting doesn’t have to be
   complicated. Your corporate accounting system is well on its way to success
   if […]
   
   Read Post
   
   


 * UNEARNED INCOME BOOKKEEPING RULES
   
   Most people dream of living on unearned income and enjoying the easy life.
   But the taxation of unearned income is complex, and you’ll need to ensure
   that you have adequate records.  We’ll look at what is and is not unearned
   income, the most common types of income, and how to tax and report the
   income. […]
   
   Read Post
   
   


 * BOOKKEEPING RULES FOR PREPAID EXPENSES
   
   Expenses on the cash basis of accounting are simple. For example, if you
   write a check or charge something on your credit card, you’ve created an
   expense. But if your business uses the accrual basis of accounting,
   determining when you get to deduct an expense is more complicated. When you
   pay expenses for future accounting […]
   
   Read Post
   
   


 * WILL I GET A VENMO 1099 FOR 2022?
   
   Remote work has produced an influx of 1099 independent contractors, and the
   IRS updated its rules in 2022 to ensure everyone pays their fair share of
   taxes. As a result of the new rules, many more people will get a Venmo 1099
   in 2023. Starting on January 1, 2022, payment processors like Paypal and
   Venmo […]
   
   Read Post
   
   


 * IRS UNDERPAYMENT PENALTIES AND HOW TO AVOID THEM
   
   Did you know that if you owe the IRS money and you don’t pay them by the
   deadline, they will charge you a penalty? In this blog post, we’ll explain
   the possible penalties you may be charged for underpaying your taxes, and
   we’ll also give you some tips on how to avoid them. What is […]
   
   Read Post
   
   


 * NEW IRS TAX BRACKETS FOR 2023: EXPLAINED BY PROS 
   
   In a season when inflation is eating away at incomes, there may be some
   relief in the new guidelines issued by the U.S. Internal Revenue Service
   (IRS) for 2023 filings. In addition to new tax brackets, 2023 also promises
   revisions in minimum tax, exemptions, credits, and limitations that may
   benefit taxpayers. Lower taxable incomes and […]
   
   Read Post
   
   


 * TOP-7 TIPS FOR SMOOTH CORPORATE ACCOUNTING
   
   Businesses of all sizes need reliable accounting and bookkeeping systems to
   track their finances, including corporations. Whether it’s a Wall Street
   PubCo or a small C-Corp, every corporate business’s accounting practices must
   comply with regulations. However, corporate accounting doesn’t have to be
   complicated. Your corporate accounting system is well on its way to success
   if […]
   
   Read Post
   
   


 * UNEARNED INCOME BOOKKEEPING RULES
   
   Most people dream of living on unearned income and enjoying the easy life.
   But the taxation of unearned income is complex, and you’ll need to ensure
   that you have adequate records.  We’ll look at what is and is not unearned
   income, the most common types of income, and how to tax and report the
   income. […]
   
   Read Post
   
   

Next
 * 1
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 * 3


GET TO KNOW US

 
https://www.youtube.com/embed/yOyCcvBWA9s
 


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


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