Accounting for Real Estate Brokers & Agents in Texas
Presti & Naegele provides comprehensive accounting for real estate brokers & agents, with services tailored specifically for professionals working across Texas. Every agent has different tax needs, and we make sure those needs are met with efficiency, accuracy, and clarity.
Whether you're closing ranch properties in West Texas, selling suburban homes outside Houston, or managing listings in booming markets like Dallas–Fort Worth or Austin, real estate professionals throughout Texas trust us to keep their financials in check.
Real Estate Agents and Brokers in Texas
Texas real estate agents are considered self-employed, which means you’re responsible for your own self-employment taxes—covering Medicare and Social Security. While Texas does not have a state income tax, you still need to manage and submit your federal estimated tax payments throughout the year.
CHOOSING THE RIGHT BUSINESS ENTITY in Texas
Legal Structure: Your tax obligations in Texas depend on how your real estate business is legally formed. Presti & Naegele helps agents review their options and choose the right entity for both tax efficiency and business protection.
✔ Sole Proprietorship – A straightforward setup where all income is reported through your personal tax return.
✔ Limited Liability Company (LLC) – Offers liability protection and flexible taxation options for Texas agents.
✔ Partnership – Ideal for agents who share business duties and split revenue.
✔ S-Corporation – Pass-through tax treatment that may lower your overall tax burden under the right structure.
✔ C-Corporation – A separate legal entity with its own filings, often used by growing or complex businesses.
Record Keeping
Accurate tracking of commissions, expenses, and tax documentation is essential across Texas’s active and varied real estate markets. Our property accounting services in Texas help real estate brokers and agents stay financially organized and ready for each tax season.
That's why you need
Property Accounting Services.
Tax Deductions
Self-employed real estate agents in Texas can benefit from a variety of tax deductions. With our property accounting services, we help ensure every applicable deduction is captured and reported properly. Common ones include:
✔ Business Expenses: Marketing, digital tools, staging materials, office supplies, and more.
✔ Home Office Deduction: If you use part of your home exclusively for work, a portion of your rent, utilities, or mortgage may be deductible.
✔ Vehicle Expenses: Mileage or vehicle expenses tied to business use across the state.
✔ Meals and Entertainment: Business-related meals and certain client entertainment costs may be partially deductible.
✔ Education and Training: Real estate courses, CE credits, and industry-related learning expenses.
✔ Health Insurance Premiums: Deductible for self-employed professionals who cover their own insurance.
Retirement Planning
Real estate agents in Texas have several retirement savings options that allow you to reduce current taxable income while building long-term wealth. Selecting the right plan depends on your income, business size, and future goals.
✔ Solo 401K Plans – Great for independent agents, offering large contribution limits and tax-deferred growth.
✔ Simplified Employee Pension (SEP) IRAs – A flexible option for self-employed professionals based on a percentage of income.
✔ Defined Benefit Plans – Provides a fixed retirement payout and allows for substantial yearly deductions.
✔ Health Savings Accounts (HSA): Offers tax-deductible contributions, tax-free investment 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 Texas.
For inquiries or expert guidance, contact Presti & Naegele Accounting Offices. Your success awaits!
Real Estate - Website Form
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.
