CPA Services for Real Estate
Being a real estate professional can be one of the most rewarding (both personally and financially) of enterprises. However, the ups and downs of the market, the meticulous record keeping, and the tedious financial management tasks can drain all of the enjoyment out of your business which, if not approached and handled properly, can limit your potential for financial success. If you are working in real estate, having a CPA can be one of your strongest assets, providing you with economic stability while helping you grow your business.
Working with a CPA Specializing in Real Estate
Working in a commission-driven business can wreak havoc with income, especially when there are substantial delays between incurred expenses and remuneration. Even if you have a base salary to supplement your commissions, there are still difficulties and pitfalls. And, if you are the owner of a business the financial maze can be even more puzzling. Engaging the services of a firm experienced in accounting for real estate businesses, such as Chandler & Knowles, can help you manage the day-to-day and long-term realities of the industry by providing a number of vital services including:
- Strategic tax and financial planning
- Budgeting and forecasting
- Real estate accounting services including cash flow analysis
- Helping determine the appropriate business structure for both financial and legal purposes
- Property valuations
- Lease reviews and analysis
- Insurance consultation and guidance
- Real estate investments, property acquisition, and deal structuring
- Preparing and filing all required tax documents
But this is just a sampling of what is offered, as services are structured to meet the specific needs of any professional or business in the field. Because the real estate landscape can be filled with countless hills and valleys, with winding roads leading to new surprises around every bend, best business practices dictate the need for the skills and expertise of dedicated, qualified real estate accountants.
The Chandler & Knowles CPAs Advantage
At Chandler & Knowles CPAs, we dedicate all of our energies to your real estate business, whether you work solely as an independent agent, are a member of a firm, or are the owner of a real estate business. We work with you to determine:
- Your tax status as a real estate professional
- What records to keep and paperwork to submit
- The best accounting practices to use
- Your business and personal expenses
- The best approaches to managing money and expenses
In addition to providing services for the fundamental aspects of your business, we are also real estate tax accountants. As such, we create detailed tax strategies to effectively manage your finances by outlining deduction parameters to help you keep all the money to which you are entitled, saving you time and money. We also prepare and file all tax forms on time to eliminate unnecessary penalties and fines. If you are the owner of a real estate firm, we also provide management advisory services to help you increase profitability, reduce operating costs, administer payroll, and create and manage employee benefits.
Learn More About Our Real Estate CPA Services
Regardless of you level of involvement in the real estate industry, whether you are a business owner, full time agent, or the occasional dabbler, taking advantage of our real estate CPA and tax accountant services will provide a solid financial foundation from which to build and grow. Contact us today by calling us at (817) 430-3000 or by filling out our online contact form. We’ll be happy to explain more about how our CPA services can support your and set up an in-person meeting at one of our locations in Flower Mound or Addison, TX.
Spread the Word:
"I recommend Chandler & Knowles CPA's without hesitation, and we look forward to working with Rochelle, Kristy and the rest of the C&K staff for another 7 years and beyond!"
~ Tony Rex, CEO of Medical Experts of Texas, P.A./Premier Inpatient Management Services, LLC
They are a great company to trust with all of your tax needs. They are good people and I enjoy my relationship with them. And it truly is a relationship, not just a service I use once a year.
~ Rick Schenck, UPS Business Owner
Great people. Effective. Efficient. Competent. Unlikely you would find a better, or even equal, CPA firm in the DFW Metroplex, and likely in the State.
~ Todd Benton
"The staff at Chandler & Knowles CPAs could not be better! They are always friendly, accommodating, and efficient. Their quick return/response time is greatly appreciated, as customer service is an uncommon practice during this day and time."
~ Tracy Richards