Casey Moss Tax & Accounting

Real Estate Agent Bookkeeping, Tax, & Accounting Services

Why Are Accounting and Taxes Important for Real Estate Agents?

Every real estate agent that I work with is pressed for time. The more time they spend on their bookkeeping and accounting, the less time they have to book showings and put people in homes. Besides that, real estate agents have specific accounting and tax considerations that should be handled by an expert with industry experience.

  • Mileage vs. actual vehicle expenses: Be certain that you are deducting your vehicle expenses in the most tax-efficient way possible.
  • S-corporation salary calculations: Many real estate agents are taxed as s-corporations, which requires a reasonable salary calculation for any owners.
  • Deductible expenses for real estate agents: Since being a realtor is a service-based business, it can be difficult to determine what expenses are deductible.
  • Income recognition: Determining whether you should recognize your income when it is paid to you or when it is earned/accrued.

Accounting Services for Real Estate Agents

Many real estate agents rely on their 1099 from their brokerage and a spreadsheet to keep track of their books. Although this may be a cheaper route in many scenarios, it prevents realtors from analyzing their income and expenses, budgeting, and planning for taxes throughout the year.  Getting your accounting done by a professional can allow you to spend more time selling houses and less time worrying about tracking your finances. Casey Moss Tax can provide you with up-to-date financial statements throughout the year. We will also look at industry-specific financial ratios with you so you can see how your numbers stack up.

Bookkeeping Services for Real Estate Agents

Accounting for real estate agents

Many real estate agents hate spending time keeping their books. Determining what expenses are deductible and how much you can deduct requires expert advice from someone who knows your industry. Here at Casey Moss Tax, we can help you determine what expenses to deduct, whether you should take mileage or actual automobile expenses, and how much of your client closing gifts are deductible. All of these are important tax considerations, and they require accurate bookkeeping throughout the year to help you prepare for tax time.

Tax Planning for Real Estate Agents

The advantage to having your bookkeeping in order is that it allows for tax planning throughout the year. Tax planning involves taking your bookkeeping information and running tax projections to estimate your total tax liability for the year. Once you’ve done that, you can then make decisions that may reduce your estimated tax liability before the end of the year. These decisions may involve purchasing new equipment, paying bonus checks to employees and owners, or simply preparing for the estimated payment due. At Casey Moss Tax, you’ll receive tax liability estimates and planning tips throughout each tax year, helping you stay ahead of the game.

Tax planning

Real Estate Agent Payroll Services


Many real estate agents are organized as S-corporations. Owners of S-corporations are required to take “reasonable salaries,” which means they must process payroll and pay payroll taxes. Some realtors also have assistants or other employees that must be paid wages. Managing the stress and paperwork that is involved with payroll processing is difficult. Luckily, you can utilize Casey Moss Tax for full-service payroll processing. We will get your employees paid, manage your payroll tax payments, file your quarterly payroll tax forms, and file your year-end W-2’s for you.

Get Back to What Matters Most with Casey Moss Tax and Accounting!

As a real estate agent, you are simply too busy to be worrying about bookkeeping and tax obligations. By hiring a professional, you ensure that your bookkeeping is done quickly, efficiently, and accurately every month, allowing you to focus on what you do best! 

Are You A Real Estate Agent In Naperville, Illinois?

We want to work with you! We provide bookkeeping services to many Naperville real estate agents and are very familiar with specific Illinois tax laws and regulations. If you are a real estate agent in Naperville, contact us today to get started!

Not in Naperville? No problem! We work with realtors from all over the country. We can provide completely virtual bookkeeping and tax services, allowing you to continue running your business with ease. Contact us today!