Please be advised we are remotely open and fully operational throughout COVID-19. Stonehenge Accounting is also committed to serving our customers. We are up to date on all the latest stimulus measures introduced by the government, and are able to advise small businesses that qualify for these programs. We are able to assist over the phone, website or email.
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Real Estate Accounting Services in Toronto
At Stonehenge, we relieve agents, brokers and other real estate professionals of the burden of having to do their bookkeeping, including real estate accounting and taxation, freeing them up to get back to what’s most important, focusing on their clients.
Commercial real estate accounting can be a complex and multi-faceted field, but our experienced team of accounting professionals understand the intricacies of the industry and can help set you up for success.
Whether you’ve been in the real estate business for years or are just getting started, we can help you manage your finances and keep track of your books. If you’re a new business, we’ll help you get your real estate real estate business accounting off to a strong start by ensuring that you’re on sound financial footing right from the get go.
If you’ve been in the real estate business for years and need help cleaning up your books, we can dive in and help you make sense of your bookkeeping and financials.
Our team of accountants can help professionals control their expenses, file their real estate agent taxes, and better manage their income to reduce their taxable burden.
We can also help you structure deals to ensure that every aspect is optimized, including partner entry and exit, management, financing and tax liability.
One accounting challenge that real estate agents often face is that their gross commission is not salary, it’s business revenue. As such, it needs to cover not just your salary but also your expenses. We can provide a well thought out and sound tax strategy that can help you manage your commission effectively and cover all of the necessary aspects of your business.
We can help real estate agents file receipts for common deductible expenditures like dues owed to real estate boards, license renewal fees, car expenses, advertising and marketing costs, costs associated with your smartphone and other technology, any insurance that isn’t paid by your broker, and more.
As a real estate professional, your job is to help your clients navigate the real estate agent. As accounting professionals, our job is to help you navigate ours.