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Accounting For Real Estate


Real estate accounting and financial management is crucial for a successful business. Because there are so many aspects agents may not think about, having an experienced accountant to assist can be an indispensable asset. Every transaction in the real estate industry is a significant deal. Success in real estate business depends on having the skills to interact with customers, complete sales, and utilize the soundest administrative practices.
Therefore, it is exceptionally beneficial to have accountants with extensive industry knowledge. Thus, A+ Tax Experts employ the best accountants for real estate agents who can automate, streamline, and simplify your real estate accounting work.

Highly-Professional Accounting Services For The Real Estate Industry In Philadelphia.

Success in the real estate industry requires effective long-term strategic planning and efficient management of day-to-day operations.


The real estate market in Philadelphia is full of risks and challenges. Realtors and real estate firms operating in the very competitive real estate industry must constantly monitor their finances and manage tax obligations to remain profitable.

If an accounting firm doesn’t have significant experience in the real estate industry, it can provide a very limited amount of value to a real estate agent.

Only a professional and experienced accountants for real estate can address the specific challenges and compliance needs that real estate agents, brokers, developers, and investors have to face.

Practical Accounting Solutions For Real Estate Companies And Agents.

An accountant for real estate companies will find practical solutions to keep operating costs at a minimum and help manage finances more effectively. A qualified and experienced accountant at A+ Tax Experts can assist real estate agents and companies by taking care of all their accounting and bookkeeping needs, developing business plans, and delivering comprehensive financial statements that can be easily understood.

We have helped Philadelphia real estate agents and brokerages to realize their visions and goals by providing the following services:

  • Business accounting,
  • Outsourced bookkeeping for real estate companies, agents, brokerages, and developers.
  • Due diligence,
  • Business forecasting,
  • Cost segregation, Investment, and portfolio analysis,
  • 1031 exchanges,
  • Tax deferral transactions,
  • Passive activity deductions,
  • Regulatory compliance,
  • CFO services,
  • Tax planning, preparation, and filing services,
  • Payroll services,
  • Incorporation and new business advisory, and
  • QuickBooks™ for real estate.

Fully Customizable Real Estate Accounting in Philadelphia

The real estate business offers several opportunities for high-volume transactions. Accountants are instrumental in maintaining an extensive record of all transactions. They keep track of sales, taxes, commissions, and expenditures incurred on marketing, planning, and conducting events such as property fairs and exhibitions. Real estate Accountant provides an almost accurate picture of an agent’s or brokerage’s financial standing.

A+ Tax Experts offers scalable and fully customized bookkeeping services in Philadelphia.

Some of the real estate bookkeeping services we offer include:

  • Documenting receipts,
  • Organizing expenses,
  • Issuing invoices,
  • Collecting payments,
  • Paying bills,
  • Reconciling credit card statements and bank statements,
  • Tracking the amount of time you spend on each project,
  • Tracking PST/GST/HST,
  • Running payroll, and
  • Preparing tax filings.

QuickBooks™ Online is one of the leading bookkeeping software for real estate agents.

It can give a detailed perspective of your return on investment on each property. It tracks bills and can prepare financial statements and tax documents with ease.

Regulatory And Real Estate Tax Compliance

In the past, incorrect and dishonest accounting practices had brought the real estate industry into disrepute. Minor accounting errors can be corrected, but the ones that are done deliberately to mislead can lead to legal prosecution. Therefore, it is of utmost importance to adhere to sound accounting standards.

Real estate agents, brokers, companies, developers, and investors must follow specified accounting standards that are stipulated by the government. These accounting regulations are intended to achieve investor protection, distribute wealth more equally, and contribute to the GDP.

Property taxes are levied on immovable properties such as land, plots, buildings, etc. Efficient accounting can lead to tax savings and tax deductions.

Besides calculating tax liabilities, real estate accountants also prepare tax returns for their clients.

Accountants have played a tremendous role In the Growth Of the Real Estate Industry

The real estate sector has experienced rapid growth over the years. An Accountant in Philadelphia can assist real estate agents and companies in property transactions and complying with state regulations.

Important documents like leases, rental agreements, cost estimates, and annual reports can also be prepared or contributed to by accounting professionals.

Besides keeping the books of agents and brokers up-to-date, our experts in accounting for real estate companies can address common issues that other real estate industry professionals face during the acquisition, development, holding, and selling of property.

Looking For A World-Class Accounting And Taxation Firm In Philadelphia?

The right accounting firm can do much more than just balance your books and handle your taxes, it can protect your business from risk and also help you plan.

A+ Tax Experts offers a full suite of taxation, accounting, and advisory services to a variety of industries including real estate, construction, law, technology, manufacturing, and utilities in Philadelphia. It all begins with good communication and we encourage clients to contact us whenever a concern or question arises.

Accountant Related FAQ

What is Real Estate Accounting?

Real estate businesses have a lot to keep track of, including clients, listings, budgets, and expanding their networks of clients. Thus, real estate accounting includes a multi-step procedure, from selecting a suitable accounting method to generating error-free reports. Having a reliable, qualified accountant can be a great asset when it comes to managing real estate business finances.

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    Testimonials

    Testimonials

    Nick is an incredible person that can make your tax filings look easy and not stressful. The amount of knowledge he has gives you the certainty that everything has been checked to the details. All the questions are answered professionally and timely. I can't recommend him and his office enough, especially Maria. I will never look elsewhere for a tax accountant because Nick is the expert i need
    Adela. K
    I have A+ do my taxes every year now. It's a relief to let them handle it and every have to worry about missing out on any good deductions. Very grateful for their help. Keep up the good work!
    Samantha
    One of the best accounting firms in Philadelphia. As a first-time business owner, I was super stressed keeping my records straight. Nick and his team straightened up my books and saved me considerably on taxes! Will be using again for sure.
    Jessica
    Very quick and easy to work with. Got my LLC done with them as well as taxes
    Eugene Bour
    I started using A+ Tax Experts this past year for my corporate and personal tax filings. I found Nick, Maria, and the A+ Tax Experts team to be highly responsive, thorough, cost-effective, and easy to work with. They are even attempting to convert me from QuickBooks (and I'm a long-time QB addict) to another financial accounting program. I highly recommend them for expert CPA services and tax advice
    Stanton Mehr
    My small business was beginning to have trouble with staying on top of bookkeeping. After working with them, my accounts are all in top shape. You won't regret hiring them!
    Madison
    They have an experienced team that is highly skilled with managing finances. I mostly worked with Irina since Russian is my native language. She is a joy to work with!
    Queen Bejoj
    Nick and team have really helped me out with my taxes. I have so much more time than I used to for actually running my business. Highly recommend!
    Hannelore Bruno
    It’s hard to find a good CPA in Doylestown. When I began having difficulties with the IRS, I was dismayed. Fortunately, I received a suggestion from a friend. Definitely impressed with this firm. A tax accountant Philadelphia residents can trust.
    Ivan
    I am with Nick, from A+ Tax Experts, for more than 8 years. He is super professional and provides tax guidance whenever I need it. He is very pleasant to deal with as well
    Irina Shulyakovsky
    A+ Tax Experts provides excellent service, patient with clients, knowledgeable, and professional. This is why I highly recommend this tax preparer to my payroll clients, as well as to my friends and family!
    Svetlana Khripkova
    Nick Ananin did a fantastic job, and was able to resolve my issue with the city of Philadelphia. Nick was responsive, professional, and persistent. I really can't thank you guys enough. This has really lifted a burden for me. I just wanted to let your office know how wonderful Nick was to work with!
    Katherine
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