Austin Accountants & CPA Advisor

Austin Real Estate Accountants

Austin, Texas real estate professionals require CPAs who have experience in their particular industry. Because of the specialized accounting required to meet many of the regulations of the entities involved with licensing and overseeing real estate professionals, an accountant with experience in this field offers a distinct advantage. This is particularly important when it comes to meeting the rules and regulations that apply to the management of real estate, for instance.

Each state operates its own real estate commission. These commissions do far more than license real estate agents—they also dictate how accounting and reporting will be conducted.  Utilizing a CPA with deep industry knowledge will short-cut the process of meeting the state’s rules and regulations and assure that accounting is accurate—and audits are kept to a minimum.

That is but one side of the coin. Counties, cities, states, and the federal government also have their own rules and regulations where building codes are concerned.  If you are a real estate professional who is a developer or one who is in the construction business, you must meet stringent standards, better known as “codes.” All of this comes with reporting requirements that leave no room for error.

To better meet the tax and accounting needs of the agents, brokers, developers, investors, and builders in the real estate field, accountants have developed individualized services to address the specific challenges, compliance needs, and industry-standard tax practices. This type of specialty accounting service is designed to help resolve some of the issues faced during the acquisition, development, holding, and selling phases.

Accountants also provide sophisticated income and tax minimization strategies and services designed to protect assets from creditors and facilitate family estate and succession planning when real estate companies are closely-held enterprises.

Real estate accountants work with firms in the following industry areas:

• Austin real estate developers, investors, and operators   
• Managers of co-ops, condominiums, and homeowner associations
• Managers of commercial and residential properties
• Home builders and those in the construction trades
• Architects, engineering, and surveying firms
• Real estate brokers and agents
• Real estate attorneys
• Title companies
• Insurance providers