Yes, as a realtor, you may be able to deduct the costs associated with staging a home for sale from your taxable income. The IRS typically views staging costs as a legitimate business expense, which can be written off. However, tax laws are complex and can change frequently. You should always consult with a tax professional or bookkeeper to understand the full implications and ensure you're staying compliant with current laws.

A bookkeeper can greatly simplify the management of your real estate commissions and business expenses. They are skilled in accurately recording and tracking financial transactions, including income and expenditures. A bookkeeper can categorize your real estate commissions and business expenses, calculate your profit and loss, and also prepare financial reports. This ensures you have a clear and accurate understanding of your financial business status, aids in tax preparation, and helps in strategic business decision-making.

Yes, there are specific tax laws and provisions that real estate professionals should be aware of while filing taxes. Some of these include the treatment of rental income, deductions for property expenses, tax implications of selling a property, and understanding of 1031 exchanges. It's recommended to work with a knowledgeable bookkeeper or tax professional specializing in real estate to ensure you're taking advantage of all possible tax benefits and staying compliant with the law.

Nope! All bookkeeping is completed in-house.

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.