Accounting & Tax Services for Real Estate Investors & Businesses

We’ll keep your books organized and accurate and provide specialized real estate accounting services like cost segregation, 1031 exchanges, and passive activity deductions. We’ll also prepare customized financial reports that allow you to identify and eliminate unnecessary expenses and precisely monitor where your money is really going. And we always keep tabs on changing tax legislation in order to develop new money-saving tax strategies for our real estate industry clients. In addition to traditional real estate accounting, bookkeeping, and tax planning, we offer a number of industry-specific services like 1031 exchange reporting and passive activity deductions. We help clients across a range of real estate businesses including developers, construction companies, REITS and property management firms.

• Meaningful tax reduction strategies require pro-active implementation and investment, and they’re not something that you tack on at the end of the year.
• We have found that our average client saves at least 8 hours of staff time every week.
• You can get a review of how well your company operates based on the money you bring in and how well you use those funds.
• Doing this on one card will not move the needle, but making several moves can change the direction of your financials.
• From best practices to technology, our solutions set up companies for success.

We specialize in bookkeeping and accounting services for small businesses throughout southeast Wisconsin and nationwide. Coming from a family of entrepreneurs, and as small business owners ourselves, we have an affinity for small businesses. Our experienced bookkeepers will take the burden of dealing with the numbers off your shoulders and show you how to use our services to make better decisions for your business. We help businesses with their tax reduction planning, bookkeeping, payroll and tax returns.

Section 179D: Congress Enhances Tax Deduction for Energy-Efficient Buildings

Passive activity rules dictate when losses from a passive real estate activity are able to be deducted on a tax return. In general passive losses can only be offset against passive income. If passive losses exceed income, then the losses can be carried forward and used in future years. A 1031 exchange is a tool used to defer income recognition on the sale of property. When selling property used for investment or in a business, a taxpayer can receive similar property in return instead of cash.

You need to ensure you have a sensible cash flow where your income is greater than your expenses. Bookkeeping plans help you organize your funds and see how well you are spending money. Real estate bookkeeping is a practice where a person enters financial data https://www.scoopbyte.com/the-role-of-real-estate-bookkeeping-services-in-customers-finances/ on a company. The bookkeeper will enter data into a financial program to keep tabs on what the business is doing and how it makes and spends its money. Do you have a question about tax services, attestation, bookkeeping, or our other financial services?

Real Estate Accounting

You can always reach out to our team at Russo CPA, P.C. And don’t wait until the end of the year because now is the time to calculate what capital gains you may be coming into this year. Understand key rental property financial performance metrics such as cash flow, net operating income , capitalization rate, and cash on cash return. Stessa, is specifically designed to help both novice and sophisticated investors make informed decisions about their rental property. There are many different ways to have a successful career in the real estate industry, all of which require a strong foundation of accurate bookkeeping and decisions based on knowing your numbers. Start with a free, no-obligation consult with the Giersch Group to learn more.

We know that success in the real estate industry takes effective long-term strategic planning and good management of day-to-day operations. Real estate bookkeeping usually isn’t the first thing investors think of when investing in property, but it’s an important part of owning and managing rental property. With good bookkeeping, an investor can better identify opportunities to increase rental income, reduce expenses without affecting property value, and better track owner’s equity. A good real estate accountant will save you money by taking advantage of all the deductions and credits available to you. They will also help you stay in compliance with all the relevant tax laws. In addition, a real estate accountant can provide valuable insights into the financial stability of your investment.

Real Estate CPA for Real Estate Tax Accounting

There are probably hundreds of dollars you can shave off your expenses every month in your business or your household. Our articles cover all of the trending topics, fresh advice and real-world guidance that you need to succeed in real estate investing. Minimize tax preparation hassles by having your returns filed accurately and on time, all while maximizing tax savings opportunities. Determine whether a real estate venture is making or costing you money.

Take the hassle out of real estate bookkeeping with REA’s outsourced services. Our dedicated team of experienced accountants will provide accurate, timely, and scalable bookkeeping solutions that can save you over 30% compared to hiring in-house. Take the hassle out of real estate bookkeeping with REA’s comprehensive outsourced services. Our specialized team of experienced accountants will provide accurate, timely, and scalable bookkeeping solutions that can save you over 30% compared to hiring in-house.

We take over your accounting a bookkeeping needs and present the information to you in a way that is easy to understand so you can have a clear picture of your expenses. Our goal is to ensure our clients are able to take advantage of of every tax deduction while making sure they are prepared if they are audited. Our Los Angeles CPA firm specializes in the industry specific challenges, compliance needs and industry standard tax practices of real estate agents, brokers, developers and investors.