An integral part of any real estate business, professional real estate accountants manage all accounting processes for agents, brokers, investors, and other professionals.
Tax accountants specializing in real estate handle accounts payable and receivable, reconcile business accounts, and serve as bookkeepers.
Due to the privacy and severity of all real estate accounting services, it’s of utmost importance to hire a reputable firm. Find one of the best real estate accountants in your local area with the help of Real Estate Bees directory. Our database lists the top accounting firms offering real estate-specific services near you.
Start your search today to ensure the financial side of your firm stays on track.
Frequently Asked Questions
What does a real estate accountant do?
Responsibilities of a real estate accountant vary. They may help prepare budgets, generate financial reports, manage your taxes, and help you save on paying income taxes.
Real estate bookkeeping services are provided by accountants for real estate agents as well as teams and entire brokerages.
Real estate bookkeepers note all agent commissions resulting from real estate transactions, as well as tax deductible business expenses.
Apart from regular real estate tax preparation, accountants will advise on tax reduction strategies and conduct cost segregation for real estate brokers.
An experienced accountant for real estate investors can help with various business decisions.
They will advise on when and how it’s best to sell or buy a property to pay the minimum possible Capital Gains Tax.
A CPA specializing in real estate investment will help you offset capital gains with capital losses and guide you through the process of a 1031 exchange to defer your taxes.