Accounting for Real Estate Brokers & Agents in San Diego
Presti & Naegele delivers expert accounting for real estate brokers & agents, providing customized tax support for professionals across San Diego’s competitive real estate market. Since each agent operates differently, we tailor our services to make tax season smoother and stress-free.
Whether you're managing listings in La Jolla, showing condos in downtown San Diego, or working the coastal market in Pacific Beach, real estate agents throughout San Diego turn to us for dependable, client-focused tax solutions.
Real Estate Agents and Brokers in San Diego
As a real estate agent in San Diego, you're considered self-employed. This means you're responsible for covering self-employment taxes, including both Medicare and Social Security. Additionally, California’s income tax laws require you to make quarterly estimated payments to avoid penalties and interest.
CHOOSING THE RIGHT BUSINESS ENTITY in San Diego
Legal Structure: Your business entity in San Diego plays a key role in how your taxes are handled. At Presti & Naegele, we help agents assess their situation and determine which structure fits best for their business model.
✔ Sole Proprietorship – A simple structure where income is reported directly on your personal return.
✔ Limited Liability Company (LLC) – Offers personal liability protection and flexible tax options.
✔ Partnership – Designed for real estate professionals working together and sharing income and responsibilities.
✔ S-Corporation – A tax-advantaged pass-through entity that may help reduce overall tax liability.
✔ C-Corporation – A formal structure taxed separately from the owner, suitable for certain business growth strategies.
Record Keeping
Accurate and consistent recordkeeping is critical for real estate professionals in San Diego. Our property accounting services in San Diego help you stay on top of your commissions, expenses, and tax-related documents to ensure you’re fully prepared when it counts.
That's why you need
Property Accounting Services.
Tax Deductions
Self-employed agents in San Diego can benefit from a variety of tax deductions. With our property accounting services, we help you identify and apply the most relevant write-offs, such as:
✔ Business Expenses: Marketing tools, office supplies, software platforms, and advertising costs.
✔ Home Office Deduction: If you have a dedicated workspace in your home, you may be able to deduct a portion of home-related costs.
✔ Vehicle Expenses: Travel between properties, meetings, and showings can qualify for mileage or vehicle deductions.
✔ Meals and Entertainment: Partial deductions may apply for business meals or meetings with clients.
✔ Education and Training: Real estate licensing, CE courses, and industry events.
✔ Health Insurance Premiums: If you’re self-employed, your health insurance costs may be tax deductible.
Retirement Planning
San Diego real estate agents have several options when it comes to retirement planning. These plans help you reduce current tax liability while setting aside income for the future.
✔ Solo 401K Plans – Offers large contribution limits and tax-deferred growth for self-employed agents.
✔ Simplified Employee Pension (SEP) IRAs – Flexible contributions based on annual earnings, great for independent professionals.
✔ Defined Benefit Plans – Designed for fixed retirement payouts and high annual tax-deductible contributions.
✔ Health Savings Accounts (HSA): Provides a triple tax benefit—deductible contributions, tax-free growth, and tax-free withdrawals for medical expenses.
Need More Information?
Contact Presti & Naegele today for a free consultation regarding property accounting services for real estate brokers and agents in San Diego.
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.
