Real Estate Professional Tax Services in Redding, CA
Real Estate agents certainly see their share of ups and downs, similar to the oil & gas industry. Due to the housing downturns, professional real estate brokers are known for surviving in famine or feast economic climates. At Salgado Grey CPAs, we enjoy working with real estate agents in Redding and helping them sort out their tax and accounting in a way that keeps more money in their pockets.
If you are a real estate professional and are looking for clarification and a simple approach to investing, financial planning, tax planning, and tax preparation, Salgado Grey CPAs is the best accountant in Redding, and Northern California for you! Call us today at 530-529-7103 to find out how we can help real estate professionals, like yourself, navigate the ever-changing tax regulations for the real estate industry.
Northern California Real Estate Business Planning
At Salgado Grey CPAs, our business planning services are equipped to provide real estate industry-specific strategies for growth. As a real estate professional, your ambitions for success are for a reason. We will help you to come up with a precise business plan so that you can meet your income goals. With professional business planners by your side, even during a downturn, you can establish wealth today and sustain it into the future.
Tax Deductions for Redding Real Estate Professionals
Meeting with clients, paying for marketing flyers, and much more are expenditures of a real estate professional. These items add up over the years. However, did you know most of these can be deducted during your annual tax return filing? That’s right, keeping accurate records of all your real estate-related expenses will help reduce your tax liability. Our experienced CPA can provide you with a robust tax deductions checklist for real estate professionals.
Real Estate Agent Tax Planning Services in Redding California
As an independent contractor, tax withholding is not an option if you are a real estate professional. Therefore, tax planning is essential to avoid unforeseen tax payments during tax season. Taking advantage of all the tax deduction activities during the year is also a way to reduce tax liability.
Here are some tax deductions that you can plan for as a real estate agent:
Mileage – based on the standard mileage rate, all business-related traveling in your vehicle is deductible.
Meals – business-related means whether with a client or another agent are deductible
Entertainment – any entertainment-related expense spent on your clients is deductible
Home Expenses – deductions on the portion of your home you use for your real estate business may be deductible.
Do not make guesswork out of your taxes and plan for taxes now to maximize deductions. Salgado Grey CPAs work with real estate agents and other industries to provide tax and accounting services. Our experience working with real estate agents and investors will give you the confidence you need to confirm your taxes are in good hands. As a result, you can focus on cultivating your real estate clientele and meeting your business goals.
For questions or to find out how we can help you with your real estate-specific industry taxes, do not hesitate to contact us for a free consultation at 530-529-7103.