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What do we Do?

Shared Economy CPA is the premiere CPA firm that helps individuals working in the Sharing Economy and 1099 Contractors with all tax planning, compliance and filling requirements.  We provide the following services:
  • Individual and Business Income Tax Return Preparation
  • Entity Selection: Set-up Corporate and LLC Tax Reporting Structures and associated tax requirements
  • Compliance with local, state, and federal regulatory requirements
  • Tax and Estate Planning 
  • Quarterly tax payment planning and preparation
  • IRS Audit and Defense
Airbnb Tax Preparation Services:

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Hosting your home for rental purposes can allow you to deduct certain items that can truly help you save money.  Below is a partial list of tax deductions that we've identified for our clients:

  • Mortgage interest
  • Rent payments
  • Utilities
  • Host Fees
  • Cleaning fees and related payments
  • Insurance expense
  • Home repairs
  • Direct expenses (furniture, bed, bed sheets, pillows, etc)
  • Mileage - standard mileage or actual cost
  • Proportionate cell phone expense
Rideshare and On-Demand (Uber, Lyft, TaskRabbit, & Turo) Tax Preparation Services:

There are some great tax deductions available to Rideshare and on-demand individuals that we hope to help everyone identify and apply.  Below is a list of a few of the tax deductions that we've identified for our clients:
  • Mileage: Standard mileage rate or actual cost method
  • Parking fees and tolls 
  • Commission Fees
  • Food for passengers (up to 50 percent)
  • Proportionate cell phone expense
  • Car interest  
  • Educational expenses (if you're in school!)
  • Tax preparation fee (yes - that means our fee!)
Testimonials:
Robbie - Airbnb
Los Angeles, California
Founder, Inner Confidence

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!
Matt - Airbnb
Los Angeles, California
Lawyer, Stokke Law

I started using Airbnb to rent out an extra room in my house last year and had no idea that I needed to save money for taxes when April 15th came around the corner.  Luckily, I came to the Shared Economy CPA and was able to deduct more than I had anticipated and was able to save a ton of money.  I would highly recommend Derek's services to anyone who is looking to save money on their taxes and wants high quality professional services. 
Jenny - Airbnb 
Chicago, Illinois
Founder, Bloom Designs

Derek and his team were incredible in helping me not only fulfill my tax obligations for both Airbnb and RelayRides, but helped save me a ton of money in deductions I would have never known I was eligible for!  They were smart, efficient, and gave me peace of mind as I knew they were not only tax pros in the traditional sense, but specialize in the shared economy as well!  I am so happy to have found this organization! 
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