Tax strategy for Real Estate.

Lewman Accounting Group offers experienced accounting services within reach of average businesses in the real estate industry. Our team legally and aggressively reduces tax liability, develops advanced tax strategies, and creates wealth for real estate brokers, agents, management companies, investors, developers, and landlords. Additionally, we can work with you to pay the bills, send out and collect on invoices, manage cash flow and build long-term tax plans.

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What is tax reduction for real estate businesses?

If you are looking to grow your business to the next level but are weighed down by taxes, Lewman Account Group is here to help lower your tax burden so you can keep more money in your pocket and expand your business. We work to implement tax strategies through our tax planning processes to keep more money in your pockets. 

real estate tax deductions

Tax Planning

Planning is the key to successfully and legally reducing your tax liability. You have to go beyond tax compliance and proactively use tax saving strategies to maximize your after-tax income. We prioritize continually enhancing our mastery of the current tax law, complex tax code, and new tax regulations. We continuously look for ways to minimize your taxes throughout the year, not just during tax season.

Tax Return Preparation and Compliance

Depending on the individual or corporation, filing taxes can be complicated. For those without a deep understanding of the various tax laws, it can be easy to make a mistake when filing taxes. At Lewman Accounting Group, our professionals will make sure your taxes are filed correctly and that you avoid any IRS issues. Our team is knowledgeable about all current IRS regulations and tax laws. We’ll save you time and potential headaches down the road.

Bookkeeping

It takes serious time and dedication to keep up with your own books, and the smallest mistake can have catastrophic effects. Let Lewman Accounting Group handle your books, so you can spend time doing what you do best.

  • Small Business Accounting: As a small business owner, you have more important things to do than keep up on your books. We take care of your books for you, so you can get back to the job of running your business and generating profits.
  • Part-Time CFO Services: Our part-time CFO service gives you a professional financial manager who works with you to help guide your business to success.
  • Cash Flow Management: A cash crisis can be devastating and kill your business. The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you.
  • QuickBooks Setup: As an individual, it is essential to keep your finances to help plan for your future. We help you budget and manage your finances so you can focus on the things you love.
  • General Cash Management: A cash crisis can be emotionally devastating, especially if it relates to your personal life. The starting point for avoiding a cash crisis is allowing Lewman Account Group to develop a personal cash flow projection for you.

Your One-Stop-Shop.

Lewman Account Group is committed to going above and beyond your local certified public accountant. We are the ultimate tax advisors for the real estate industry. From developing a tax strategy specific to your business to our part-time CFO services, we are here to see your real estate venture thrive. Contact us today for an assessment to see how we can lower your taxes.

What are tax planning strategies for real estate ventures?

Tax planning is the analysis of a business' financial situation from a tax perspective. The purpose of tax planning is to ensure tax efficiency - meaning lower taxes. Smart business tax planning can make a big difference for your company. Reducing tax liability and maximizing the ability to reinvest money into your business is crucial for success. Lewman Accounting Group looks at your entire business and personal financial situation to diagnose its health and analyze what we can do to save your hard-earned money. However, there are some generally applicable approaches.

real estate tax planning

How Tax Planning Works

Tax planning covers several considerations, including the timing of income, size, and timing of purchases, and planning for other expenditures. Also, the selection of investments must complement the tax filing status and deductions to create the best possible outcome.

Tax planning strategies can help you;

  • grow and preserve assets by keeping Uncle Sam out of your pockets,
  • defer income so you can save your money now and pay less taxes later,
  • reduce taxes on your income, so you keep more of what you make,
  • reduce taxes on your estate, so your family keeps more of what you've made,
  • reduce taxes on your gifts so you can give more,
  • reduce taxes on your investments so you can grow your wealth faster, and
  • reduce taxes on your retirement distributions so you can retire in style.

A few of the tax-saving strategies Lewman Account Group uses.

  • Splitting income among several family members or legal entities to get more income taxed in a lower bracket.
  • Shifting income or expenses from one year to another to receive a lower tax rate.
  • Deferring tax liabilities through investment choices such as pension plans, contributions and other similar plans.
  • Using investments to produce income that is tax-exempt from either federal or state or both taxing entities.
  • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

Contact Us

Strategies, tips, and tricks to save the most on your business’ taxes need to start now. If you are unsure what you can do to save on taxes, Lewman Accounting is here to help. For more information about successful ideas that we can help you implement, contact us for a free assessment today!

Who can benefit from a real estate focused accountant?

The reality is that there are hundreds of ways to save money on taxes in the real estate industry, including depreciation, 1031 exchange and capital gains, to name a few. Each of these are dependent on where you are in the industry and your long-term goal, but Lewman Accounting Group has you covered.

certified public accountant

Real Estate Brokers

The best real estate brokers know that hiring a tax professional to strategize and prepare important fiscal documents is vital for success. In the fast-paced world of real estate deals, you can’t afford to waste a second of your time fumbling through your tax preparation services. Instead, call on the team of professionals at  Lewman Accounting Group for tax planning and strategizing for real estate brokers. 

Real Estate Sales Agents

Selling real estate is a full-time job that requires plenty of dedication, time and effort. Real estate sales agents looking for the most reliable tax planning and strategy should call on the team at Alisha Lewman Accounting today. Our licensed professionals can help you develop and implement a tax strategy that saves you time and money.  We take the hassle out of filing tax documents for real estate sales agents so you can get back to what’s important.

Property Management Companies

Property management companies have a lot on their plate. Rather than find time to squeeze in tax planning and strategy, leave that up to the professionals at Lewman Accounting Group. We specialize in assisting property management companies with all of their tax preparation and filing needs. Our firm has the skills and experience you need to maximize your tax benefits and save yourself valuable time.

Real Estate Investors

Investing in real estate involves strategy, research and risk management, especially when it comes to proper tax planning and preparation. Having a savvy eye for real estate doesn’t do much when filing tax paperwork every Spring. That’s where the team at Lewman Accounting Group can help. Our federally-licensed tax professionals help real estate investors get the most from their portfolios through careful planning and preparation.

Real Estate Developers

The Internal Revenue Service code’s near-constant transformation makes it a challenge for real estate developers to ensure they’re maximizing their tax benefits. Hiring the Lewman Accounting Group team is critical for any developer who needs assistance navigating United States tax law’s complex processes. We help plan, prepare and implement solutions that save you time and money on your real estate development deals.

Landlords

Being a great landlord means always making sure you are taking good care of your tenants. It also means having a professional tax preparation, planning and strategy team on your side. Landlords don’t have the time or energy to be managing their tax preparation because it’s simply too much to research and understand. Letting a dedicated tax professional help is a much smarter option for any landlord.

Contact Lewman Accounting Group with your financial questions. 

Lewman Account Group works with real estate industry professionals to lower their tax burdens. We work with our clients throughout the year. We develop comprehensive tax strategies, work with you to maintain your taxes throughout the year, and help prepare your taxes during tax season. Contact us today to learn why we are called the “CPA for real estate.”


Speak with a tax expert today

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