Accounting for Real Estate Brokers & Agents in Dallas
Presti & Naegele provides focused accounting for real estate brokers & agents, helping professionals across Dallas handle their tax responsibilities with clarity and confidence. We understand every agent operates differently, and our services are tailored to support your unique needs.
Whether you're listing homes in Lakewood, closing deals in Uptown, or working with buyers in Plano or Frisco, Dallas-area real estate agents count on us for dependable, customized tax support year-round.
Real Estate Agents and Brokers in Dallas
Real estate agents in Dallas are typically self-employed, which means you're responsible for your own self-employment taxes, covering Medicare and Social Security. Although Texas doesn’t impose a state income tax, you still need to make timely federal estimated tax payments throughout the year to avoid IRS penalties.
CHOOSING THE RIGHT BUSINESS ENTITY in Dallas
Legal Structure: The legal structure of your business affects how you’re taxed in Dallas. Presti & Naegele helps you assess which structure fits best for your goals and income.
✔ Sole Proprietorship – A simple business setup where income and expenses flow through your personal tax return.
✔ Limited Liability Company (LLC) – Offers a mix of personal liability protection and tax flexibility.
✔ Partnership – Best for agents working in teams or co-ownership arrangements.
✔ S-Corporation – Provides potential tax savings while maintaining a pass-through taxation model.
✔ C-Corporation – Treated as a separate legal entity with its own tax obligations—ideal in certain business growth scenarios.
Record Keeping
Staying organized with your income, expenses, and documentation is critical for tax accuracy. Our property accounting services in Dallas help real estate agents maintain proper records and prepare confidently for tax season.
That's why you need
Property Accounting Services.
Tax Deductions
Self-employed real estate agents in Dallas have access to valuable tax deductions. With our property accounting services, we make sure these deductions are properly documented and applied. Common ones include:
✔ Business Expenses: Marketing tools, MLS fees, software subscriptions, and office costs.
✔ Home Office Deduction: Deduct part of your household expenses if you use a dedicated space for work.
✔ Vehicle Expenses: Track and deduct mileage or vehicle costs tied to business activity across the Dallas area.
✔ Meals and Entertainment: Qualifying client meals or business entertainment may be partially deductible.
✔ Education and Training: Includes licensing courses, training events, and professional development.
✔ Health Insurance Premiums: Self-employed agents may deduct their health insurance premiums.
Retirement Planning
Planning for retirement is a crucial step for real estate agents in Dallas. There are several tax-advantaged savings options available that can help reduce your tax burden while building a stable financial future.
✔ Solo 401K Plans – Ideal for independent agents, with high contribution limits and tax-deferred earnings.
✔ Simplified Employee Pension (SEP) IRAs – Easy to administer and ideal for self-employed individuals looking for flexible contributions.
✔ Defined Benefit Plans – Offers fixed retirement income and the opportunity to make large, deductible contributions.
✔ Health Savings Accounts (HSA): Provides a triple tax benefit—contributions are deductible, growth is tax-free, and qualified medical withdrawals 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 Dallas.
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.
