Real Estate Accounting


I have heard it said that “If you don’t work in real estate, you aren’t truly working.” With fluctuations in the housing market, fickle homebuyers, appreciation rules, affordable care act taxes, and more, the real-estate industry can be lucrative but a tough one to stay organized in.  

Real-estate taxes are complicated. This is why we suggest that you focus on your profession and let the Newport Beach CPA firm of James D. Anderson, handle the rest. As an established CPA firm with over 30 years of experience under our belts, we know how to help you run your real-estate business smoothly, legally and profitably. 


Our clients span the real estate industry, including commercial real estate investors, residential real estate developers, real estate agents, brokers and other service providers. We handle everything having to do with your Accounting and Real Estate tax preparation and planning.  


As someone in the real estate industry, you should let a CPA with lots of knowledge of industry-specific tax laws file your taxes for you. This person can also help you strategize for future tax minimizing business practices. Our Newport Beach firm stays in-the-know of all of the latest tax laws and tax break opportunities including but not limited to: 

  • Tracking losses to minimize Capital Gains
  • Obamacare (Affordable Care Act) tax implications regarding real estate
  • Deductions and tax implications regarding repairs and real-estate maintenance vs improvements 
  • Rental property tax obligations
  • Applying applicable appreciation guidelines to minimize tax 

As your Real Estate Accountant, we will help you keep all of your financials in order through monthly bank reconciliations where we will review income statements and your general ledger. 


An income statement takes a list of your revenue and subtracts a list of your expenses in order to figure out what the profit or loss was for a certain time period. An income statement allows you to:

  • Track all revenues and expenses
  • Identify specific items that are causing unexpected expenditures
  • Figure out what areas of your business are over- or under-budget
  • Determine your income tax liability
  • Track substantial increases in product returns or cost of goods


Any problem with your general ledger can affect all of your financial records. Every month we will review your general ledger and find and fix any discrepancies such as unrecorded payments or double billings. 


When it comes to the financial condition of your Newport Beach real estate business, we want you to be as knowledgeable as possible. We will spend as much time with you as you need to make sure you understand everything, and you can also get in touch with us whenever you have a question. 

When it comes to real-estate accounting and taxes, there are many new tax rules and regulations to consider. Let the Newport Beach CPA firm of James D. Anderson help make that part of your business, a seamless one. Call for your free consultation today!

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