1. [Home](https://www.booksmartseattle.com/) 2. [Services](https://www.booksmartseattle.com/services) 3. Real estate agents # CPA & Tax Planning for Real Estate Agents in Seattle, WA You focus on closing deals. We focus on helping you keep more of what you earn. [Book a Free Consultation](https://www.booksmartseattle.com/contact) [(425) 389-6888](tel:+14253896888) - **CPA with real estate industry experience** As both a CPA and a Realtor®, I understand the accounting side and the real-world challenges of working in real estate. - **Understanding commission-based income** We know agents don't receive a fixed paycheck, so we help them plan for fluctuating income and taxes. - **One place for accounting and taxes** We provide tax preparation and tax planning, allowing agents to focus on growing their business. We believe tax planning should happen throughout the year, not just during tax season. At BookSmart Accounting, we specialize in helping real estate agents, Realtors®, and brokers navigate the financial and tax challenges of a commission-based business. As a CPA with firsthand experience in the real estate industry, I understand how unpredictable commission income can be, the importance of managing business expenses, and the value of proactive tax planning. We help real estate professionals with tax preparation, quarterly estimated tax payments, LLC and S corporation tax strategies, and year-round tax planning. Whether you're a new agent building your business or an experienced Realtor® earning six figures in commissions, we develop personalized strategies to help you minimize unnecessary taxes, improve financial organization, and plan for long-term success. Our goal is to help you maximize eligible deductions, avoid unexpected tax bills, and make smarter financial decisions so you can spend more time serving clients and growing your real estate business. ## Questions real estate agents ask us most - Should I operate as a sole proprietor, LLC, or S corporation to save on taxes? - How much should I set aside from each commission check for taxes? - What business expenses can I deduct as a real estate agent? - Can I deduct my car expenses, mileage, marketing, meals with clients, and home office expenses? - How can I reduce self-employment taxes? - When should I start making quarterly estimated tax payments? - Can I hire my spouse or family members through my real estate business? - How should I track commissions, brokerage fees, and business expenses? - Can I contribute to a Solo 401(k) or SEP IRA to reduce my taxable income? - How do I handle taxes when my commission income changes significantly from year to year? ## What BookSmart Accounting helps real estate agents with - **Tax planning and preparation:** Prepare personal and business tax returns while identifying legitimate deductions and tax-saving opportunities. - **LLC and S corporation tax planning:** Evaluate when an S corporation election may provide tax savings based on commission income, expenses, payroll costs, and reasonable compensation requirements. - **Quarterly estimated taxes:** Calculate estimated tax payments based on actual commissions and projected annual income. - **Business expense deductions:** Help agents properly document and deduct eligible expenses, including advertising, business mileage, professional memberships, continuing education, and home office expenses. - **Retirement and tax strategies:** Help agents evaluate retirement contribution options and other tax-planning opportunities. - **Year-end tax planning:** Review commission income, business expenses, and upcoming transactions before the end of the tax year. ## What makes BookSmart Accounting a good fit for real estate agents - **CPA with real estate industry experience:** As both a CPA and a Realtor®, I understand the accounting side and the real-world challenges of working in real estate. - **Understanding commission-based income:** We know agents don't receive a fixed paycheck, so we help them plan for fluctuating income and taxes. - **Proactive tax planning:** We don't just prepare tax returns. We work with agents throughout the year to identify tax-saving opportunities. - **Industry-specific knowledge:** We understand brokerage commissions, referral fees, marketing costs, client-related expenses, and the business structure of real estate professionals. - **Personalized tax strategies:** We evaluate each agent's income, expenses, and business goals to recommend appropriate tax strategies. - **One place for accounting and taxes:** We provide tax preparation and tax planning, allowing agents to focus on growing their business. - **Local expertise:** We work with real estate professionals in Seattle and throughout Washington State. ## Bring your numbers. Leave with a plan. We'll recommend the plan that fits. [Book a Free Consultation](https://www.booksmartseattle.com/contact) --- Source: https://www.booksmartseattle.com/real-estate-agents BookSmart Accounting LLC · (425) 389-6888 · Accounting@BookSmartSeattle.com · Monday to Friday, 9am to 5pm [Book a Free Consultation](https://www.booksmartseattle.com/contact)