Accounting for Real Estate Brokers & Agents in Houston
Presti & Naegele offers expert accounting for real estate brokers & agents, providing services specifically designed for the tax needs of professionals in Houston’s dynamic real estate market. We understand that every agent’s situation is different, and our team helps simplify the process so you can stay focused on your work.
Whether you're selling homes in The Heights, managing listings in Midtown, or closing deals in River Oaks, real estate agents across Houston rely on us for personalized and reliable tax support.
Real Estate Agents and Brokers in Houston
As a real estate agent in Houston, you’re considered self-employed, which means you’re responsible for handling your own self-employment taxes—including Social Security and Medicare. While Texas doesn’t have a state income tax, you still need to manage your quarterly federal estimated payments to avoid falling behind.
CHOOSING THE RIGHT BUSINESS ENTITY in Houston
Legal Structure: Your business structure plays a key role in how your taxes are managed in Houston. Presti & Naegele works with agents to evaluate the right entity for their business needs.
✔ Sole Proprietorship – A common structure for solo agents, with business income reported on your personal tax return.
✔ Limited Liability Company (LLC) – Offers liability protection with flexible tax filing options.
✔ Partnership – Designed for two or more individuals sharing ownership and responsibilities.
✔ S-Corporation – Allows income to pass through to your personal tax return while offering potential savings.
✔ C-Corporation – A more complex structure that files its own taxes, suitable for certain business strategies.
Record Keeping
Staying organized with commissions, expenses, and tax documentation is critical for real estate agents in Houston. Our property accounting services in Houston help ensure you stay accurate, compliant, and ready come tax time.
That's why you need
Property Accounting Services.
Tax Deductions
As a self-employed agent in Houston, you're eligible for multiple tax deductions. With our property accounting services, we help you make the most of each one. Common deductions include:
✔ Business Expenses: Such as marketing tools, office materials, software, and advertising costs.
✔ Home Office Deduction: Deduct a portion of your home-related expenses if you have a dedicated workspace.
✔ Vehicle Expenses: Claim mileage or actual vehicle costs for business-related driving in and around Houston.
✔ Meals and Entertainment: Certain client-related dining and entertainment expenses may qualify for deductions.
✔ Education and Training: Expenses from licensing courses, CE credits, and seminars.
✔ Health Insurance Premiums: If you’re self-employed and pay your own premiums, these may be deductible.
Retirement Planning
Houston real estate professionals have access to various retirement plans that offer long-term benefits and tax savings. These plans are ideal for building financial security while optimizing taxable income.
✔ Solo 401K Plans – Perfect for independent agents, allowing for high contributions and deferred tax growth.
✔ Simplified Employee Pension (SEP) IRAs – Easy to manage and flexible based on business income.
✔ Defined Benefit Plans – A structured plan that offers a predictable retirement income and large deductible contributions.
✔ Health Savings Accounts (HSA): Offers tax deductions on contributions, tax-free growth, and tax-free qualified medical withdrawals.
Need More Information?
Contact Presti & Naegele today for a free consultation regarding property accounting services for real estate brokers and agents in Houston.
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.
