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Taxes for the Real Estate Industry

Contact Us New Jersey: 973-328-0446 New York: 888-512-1260

Your Skilled Manhattan Real Estate Tax Experts for NY and NJ

businessman reviewing finance reportAt McAvoy CPA LLC, we appreciate how much time and effort you've put into your career in real estate. Whether you're an individual agent, broker, or representative of a housing cooperative, our experienced CPAs are happy to assist you with your tax planning and preparation. Our firm consists of a team of former Big Four accountants that strive to provide you with efficient, streamlined tax assistance. We take the time to thoroughly evaluate your situation and craft meticulous strategies that protect your revenue and financial stability.

We work with real estate professionals in Manhattan, Midtown, greater New York City, and New Jersey. You can trust our accountants to provide prompt, tailored services that consider your industry's specific needs and tax requirements. To provide the most convenient experience, our real estate tax accountants can meet at your local coffee shop, at your office, at our office, or online via virtual consultation. Contact our friendly tax experts today to schedule your free consultation with us!

New Jersey: 973-328-0446 New York: 888-512-1260

Why Partner with McAvoy CPA LLC for Your Tax Needs?

businessman using calculatorEven experienced real estate agents and brokers sometimes struggle to decipher their tax obligations over a particular quarter or year. It's tough to keep up with the industry's constantly changing tax laws and regulations, and even an innocent oversight can lead to significant IRS penalties and fines. Our tax experts have years of experience guiding real estate professionals through the tax process. When you partner with our team, you free up considerable time to focus on your clients, portfolios, and projects.

Our mission is always to save you money by implementing efficient tax strategies, minimizing your liabilities, and maximizing your deductibles. We carefully research your situation to ensure you remain compliant with tax deadlines and obligations at the federal and state level. Your financial well-being is our top concern, and we enjoy helping you find lasting success. Many of our real estate clients find it beneficial to take advantage of our full-service accounting support and our tax services simultaneously.

Tax Services for Real Estate Agents

We implement the most up-to-date accounting systems to allow us to accurately calculate your tax obligations and devise strategies to save money on your quarterly payments. Our real estate tax services include:

Tax Planning: Your day-to-day work expenses can add up significantly over time. Fortunately, our team is here to help you identify tax deductibles that can save you a considerable amount on your quarterly payments. You can deduct expenses related to marketing campaigns, transportation, travel fees, real estate licensing and renewal fees, gifts, and much more. We'll work closely with you to determine which deductions you can claim and how this impacts your strategy. Our team at McAvoy CPA LLC also helps you manage your income flow. Depending on the housing market's stability, we can help you bolster your accounts in anticipation of market shifts or invest in your eventual retirement.

Tax Preparation: Once we've determined your tax liabilities and claimable deductions, we're happy to file your return. Our team stays aware of tax deadlines, so you don't run into fees and fines for filing late. We carefully check your return for accuracy, minimizing the risk of errors. By thoroughly reviewing your return before submitting it, we can make necessary adjustments for the upcoming year's tax strategies.

Tax Support for New York City Brokerage Firms

We're available year-round to provide you with comprehensive tax planning. We can help you plan your annual expenses to increase your exemptions. Whether you're looking to implement new technology into your workplace or find a new office, there's no time like the present to make a significant financial move.

As a broker, your firm may be entitled to many tax credits. We'll analyze your situation to determine whether you can claim legitimate deductibles on:

  • Employee Wages
  • Medical Expenses
  • Home Expenses
  • Membership Dues
  • Real Estate Taxes
  • Subscriptions Tax
  • Pay Out Bonuses
  • Purchasing Equipment
  • Investments
  • Pushing Expenses

When tax season arrives, we'll file your return with precision and accuracy. We understand how time-consuming and stressful the preparation process can be and are here to make your experience as simple as possible.

Assisting Housing Groups & Cooperatives

real estate agents shaking handsSince your cooperative answers to a housing board, it can be challenging to obtain approval to make significant financial decisions. Since you're operating on a largely fixed income throughout the year, we're able to offer several strategies to lower your quarterly payments. Matching contributions into employee retirement accounts, property repairs, property renovations, upkeep, and insurance may be tax-deductible.

We strive to help you serve your clients by reducing your tax obligations so you can invest in improving your properties. Our  tax planning and preparation services are available year-round, and we're a quick phone call away if you have any questions regarding your tax situation.

Reliable Manhattan Real Estate Tax Services for NY and NJ

When you choose to have McAvoy CPA LLC assist you with your quarterly or annual taxes, you benefit from our efficient approach and meticulous oversight. We understand how complex the tax landscape can be and can help you throughout the process. Our team keeps your best interests at heart and diligently guard your financial health. Give us a call today to discover how we can help you with your unique tax situation!

New Jersey: 973-328-0446 New York: 888-512-1260