Accountants for Real Estate Agents and Teams

Taking the complete stress out of managing your accounting, finances, and taxes while ensuring you keep more of what you earn, so you can focus on what you do best – closing deals and growing your real estate business.

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The Real Estate Agent’s Guide for Building Wealth

In this book, we move beyond the basics of everyday financial management to explore the strategies that will help you thrive in a competitive marketplace. We delve into the critical areas that often go unnoticed, offering practical advice on tax planning, wealth-building, cash flow management, and more.

 

Whether you’re a seasoned professional or just starting in the industry, this guide is designed to equip you with the knowledge and tools needed to take control of your financial future.

 

Revolt - Real estate agent book in canada
professional Real Estate Agents and Brokers

Whether you're an established real estate agent or just starting to grow your business, we here to support you with a tailored accounting service.

  • Are you a realtor who loves closing deals but struggles to find time to manage your finances?
  • Do you find it a hassle to keep track of your commissions and business expenses?
  • Are tax rules and regulations a constant headache?

Then, what you need right now is a specialist accountant for real estate professionals. Someone who truly understands the challenges you face and can help you manage your finances so you can focus on what you do best—selling properties and growing your business.

accountants for realtors
our expertise

Why do realtors need specialist accounting services?

The truth is, being a real estate professional with multiple income streams—commissions, rental income, and more—comes with its own unique challenges, unlike other businesses (as I’m sure you’ll agree!).

Generalist accountants, who take on clients from any industry, often lack the expertise in the real estate sector to provide you with the tailored advice you need. So, if you’re looking for an accountant who understands the complexities of real estate finances, you’re in the right place.

Generalist accountants, who take on clients from any industry, often lack the expertise in the real estate sector to provide you with the tailored advice you need. So, if you’re looking for an accountant who understands the complexities of real estate finances, you’re in the right place.

OUR EXPERTISE

Our accounting services for Real Estate Professionals

Personal Taxes T1

Personal Tax Services

Whether you’re operating as a sole proprietor or through a PREC, we’ll handle your personal tax return along with any required T4s and T5s, ensuring everything is filed accurately and on time.

Corprate Tax T2

Corporate Tax Services

Whether you’re an independent realtor or managing a real estate team, we’ll prepare your corporate tax returns, ensuring compliance with all regulations and handling any required T2 filings accurately and efficiently.

Best Bookkeeping services

Bookkeeping Services

We streamline the process of tracking receipts and expenses, ensuring you’re always audit-ready and compliant with the CRA. With our accurate bookkeeping services, you’ll have peace of mind knowing your financials are in perfect order.

How to incorprate my business

Incorporation

Incorporating your business can be overwhelming. Our experienced advisors guide you in choosing the best structure and ensure all necessary forms and filings are completed seamlessly.

Retirement Planning

Secure your future with our tailored retirement planning services. We help you build a strategic plan that maximizes your savings, minimizes taxes, and ensures financial stability for your retirement years.

Audit Protection

With our proactive approach and deep understanding of what the CRA looks for, we offer audit protection by ensuring your financial records are meticulously prepared and compliant, reducing the risk of surprises during an audit.

Comprehensive Services

Why choose Concept Accounting?

If you’re looking for an accountant who understands the unique needs of real estate agents and brokers, look no further than Concept Accounting. We specialize in working with real estate professionals, ensuring that your finances and taxes are handled with the care and expertise they deserve.

Our team has deep industry knowledge and firsthand experience with the challenges you face, from managing commissions and expenses to navigating complex tax regulations. We are well-positioned to help you optimize your financial situation and keep more of what you earn.

In a field with limited specialized accounting support for real estate professionals, Concept Accounting is here to fill that gap. We’re passionate about providing real estate agents and brokers with relevant advice and strategies to minimize taxes and maximize profits.

Our cost-effective services, such as bookkeeping and tax planning, empower you to take control of your finances and achieve financial freedom. Whether you’re an independent realtor or managing a growing team, we’ll ensure you stay compliant with CRA regulations while helping you grow your business.

With Concept Accounting, you’re not just staying on top of your taxes—you’re setting yourself up for long-term success in the real estate industry.

Let’s discuss about how we can help make your business better

Frequently Asked Questions

Should I incorporate my real estate business?

Incorporating your business can bring about numerous benefits that can help you achieve your growth and expansion goals. With the corporate structure, you can hire talented people and take your enterprise to new heights.

For more details about the best business structure that better fits your personal needs, feel free to book a free consultation!

Additionally, you can download for free “The Real Estate Agent’s Guide for Building Wealth book,” which will guide you through the process.

What name can I use for my PREC?

There are no special requirements for a PREC name beyond the usual corporate naming rules under the Ontario Business Corporations Act. The name should not imply that the PREC is trading in real estate. A common format is using your name followed by “Professional Real Estate Corporation.” For example, “John Smith Professional Real Estate Corporation.”

For more details about our accounting services for PRECs, feel free to book a free consultation!

Can a PREC be used for passive investment purposes?

Yes, a PREC can be used for passive investments. While it has restrictions on earning compensation from real estate trades, there are no rules against engaging in other activities like passive investing. However, there may be tax and legal implications, so it’s important to consult with a lawyer or accountant for advice.

For more information about our accounting services for PRECs, feel free to book a free consultation!

If I am transferring to a different brokerage, do I need to also transfer my PREC’s license?

A PREC does not need to be licensed. When transferring to a new brokerage, your PREC will need to sign a new agreement with the brokerage, following the rules under TRESA and the regulations. Be sure to give proper notice as outlined by RECO at RECO’s website.

For more information about our accounting services for PRECs, feel free to book a free consultation!

Has the Canada Revenue Agency provided guidance on how income will be taxed if I use a PREC?

The Canada Revenue Agency (CRA) does not usually offer guidance on provincial legislation changes. However, they can respond to technical interpretation requests if all individual facts and details are provided. Consulting with a lawyer or accountant is recommended if you’re considering seeking a technical interpretation.

For more details about our accounting services for PRECs, feel free to book a free consultation!