Accounting for Real Estate Brokers & Agents in Atlanta
Presti & Naegele offers professional accounting for real estate brokers & agents, delivering tax services customized to meet the demands of Atlanta's busy real estate industry. Every agent has different tax requirements, and we help you stay organized, compliant, and stress-free.
Whether you're helping buyers in Buckhead, managing listings in Midtown, or closing deals in East Atlanta, agents across the Atlanta metro area trust us to handle the numbers while they focus on selling homes.
Real Estate Agents and Brokers in Atlanta
As a self-employed real estate agent in Atlanta, you're required to pay your own self-employment taxes, which cover Social Security and Medicare. Additionally, Georgia state income tax laws require that you make estimated payments throughout the year to remain compliant.
CHOOSING THE RIGHT BUSINESS ENTITY in Atlanta
Legal Structure: Your business structure affects how you’re taxed in Atlanta. At Presti & Naegele, we evaluate your situation and help determine the best setup for your real estate business.
✔ Sole Proprietorship – A common, straightforward setup with income reported directly on your personal return.
✔ Limited Liability Company (LLC) – Offers liability protection with tax filing flexibility.
✔ Partnership – Designed for shared business arrangements where responsibilities and profits are divided.
✔ S-Corporation – A pass-through entity that may offer tax-saving opportunities.
✔ C-Corporation – A more formal structure with its own tax obligations, used in certain strategic scenarios.
Record Keeping
In Atlanta’s fast-paced market, tracking commissions, expenses, and financial records is essential. Our property accounting services in Atlanta help you stay organized and ready when tax season arrives.
That's why you need
Property Accounting Services.
Tax Deductions
Self-employed real estate professionals in Atlanta qualify for a variety of deductions. Our property accounting services help you take full advantage of these, including:
✔ Business Expenses: Tools, marketing costs, licensing fees, and supplies.
✔ Home Office Deduction: Deduct a portion of rent, utilities, and other home costs if you have a dedicated workspace.
✔ Vehicle Expenses: Deduct business-related mileage or vehicle expenses from traveling throughout Atlanta.
✔ Meals and Entertainment: Some client-related dining and business meals may be deductible.
✔ Education and Training: Real estate classes, certifications, and industry workshops.
✔ Health Insurance Premiums: If you pay your own premiums, they may be deductible as a self-employed agent.
Retirement Planning
Real estate agents in Atlanta can choose from a range of retirement plan options to build long-term savings and reduce annual taxable income. These plans are flexible and scalable with your business growth.
✔ Solo 401K Plans – Offers large contribution limits and tax-deferred earnings for independent agents.
✔ Simplified Employee Pension (SEP) IRAs – A simple retirement plan with flexible contributions based on your income.
✔ Defined Benefit Plans – Provides a fixed retirement payout and allows for significant tax deductions.
✔ Health Savings Accounts (HSA): Contributions are deductible, investment growth is tax-free, and withdrawals for medical expenses are also tax-free.
Need More Information?
Contact Presti & Naegele today for a free consultation regarding property accounting services for real estate brokers and agents in Atlanta.
For inquiries or expert guidance, contact Presti & Naegele Accounting Offices. Your success awaits!
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WHAT OUR CLIENTS ARE SAYING
I have had my business for more than 10 years and struggled through several *truly awful* accountants in the early years. I found Presti & Naegele about five years ago and have never looked back. They are a life-changing breath of fresh air and they will be my accountants for as long as I live. Donald Sager brings me confidence, peace and calm in an area of the business that would otherwise be stressful. He knows what he's doing and is always extremely responsive and ready with a plan of action and to explain anything at all. I am so grateful for him!
Eager to collaborate with Presti & Naegele?
We welcome the opportunity to understand your financial needs and tailor solutions for success. Join our distinguished clientele who have experienced the excellence of our services. Let's embark on a journey toward financial prosperity together.
