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3 Reasons a Tax Accountant is Essential for Real Estate
December 29, 2021 at 5:00 AM
houston tx real estate accountant

The real estate business is booming, and agents all over Houston, TX are working hard to keep up with the pace.

However, in the midst of all the hustle, it can be easy to overlook important aspects of your real estate business.

And when it comes to tax time at the end of the year, you may have some unexpected surprises.

That’s why it’s so important for serious real estate agents to hire a tax accountant, especially for those in Houston. Tax accountants with real estate experience can help realtors track their expenses, manage income and develop an ongoing plan to ensure filing taxes is a breeze.

Here are three reasons why a tax accountant is essential for a real estate agent.

They can help you save money

At the end of the day, everyone wants to find new ways to save money. And a busy real estate agent may miss useful money-saving techniques, like expensing materials towards their tax deductions, among other things. Accountants have extensive training in utilizing money-saving strategies throughout the year and can help agents capitalize on these opportunities.

They will keep you informed of any changes or updates to your taxes

If the pandemic has taught us anything, it’s that we should always be prepared. And this is especially true for managing finances and tax returns. Real estate agents may not be aware of changes or adjustments they need to make when they file taxes. This unintentional omission could be costly. Working with an accounting will help you and the rest of your real estate team stay informed of updates in tax changes. They will also be there when it comes time to file taxes, so you’ll have one less thing to worry about.

They can help you find new ways to grow your business

Real estate accountants do more than just handle finances; they also keep an eye on real estate trends and can offer advice on smart business decisions. If you want to expand your real estate business, and want advice on what investments to pursue, you should seriously consider working with an accountant. They will review potential properties with you, check against real estate forecasting and help you make a confident decision about your next step.

Some real estate agents believe they can do it all. And while there certainly are people who can manage all of their accounts, clients and day-to-day activities, no one has to do it alone. You can ask for the help you need to help your business thrive. That’s why working with an educated accountant can alleviate many duties for you and the rest of your team.

We here at Beyond Accounting and Tax believe in helping our clients find accounting solutions that work for their needs. Our skilled team has experience working with real estate agents, nonprofits and more. We would love to hear more about your real estate goals and help make them a reality.

Curious to learn more about our real estate accounting services? Contact us today!