Real Estate Accounting and Tax Planning – CPA Firm

Professionals Real Estate Accounting and Tax Planning Services

Navigating the financial side of the real estate industry in Texas requires more than just basic accounting—it demands specialized expertise, proactive strategies, and a deep understanding of local tax laws and real estate operations. Whether you’re a broker, investor, property developer, or property manager, you need a financial partner who understands your world. GavTax Advisory Services offers comprehensive real estate accounting and tax planning tailored to meet the dynamic needs of clients across Texas.

Why Real Estate Professionals Need Specialized Accounting

The Texas real estate market is one of the most vibrant in the United States, marked by rapid development, rising property values, and high investor activity. However, with these opportunities come complex financial challenges—ranging from changing tax regulations to maximizing deductions and managing multiple property portfolios.

Traditional accounting firms may not fully grasp the nuances of real estate finance. That’s where a specialized CPA firm like GavTax Advisory Services comes in. Our team stays updated with Texas-specific tax laws and IRS guidelines to provide accurate, timely, and strategic support.

Services Tailored for Real Estate Success

1. Full-Service Real Estate Accounting

From day-to-day bookkeeping to monthly financial reports, we provide the foundation for sound business decisions. Our services include:

• General ledger maintenance

• Financial statement preparation

• Cash flow tracking

• Budget forecasting

• Property-specific financial breakdowns

2. Tax Planning and Compliance

Proactive tax planning is essential to stay compliant and minimize liabilities. Our real estate tax experts will:

• Identify allowable deductions (mortgage interest, depreciation, etc.)

• Optimize entity structures (LLCs, S-corps, etc.)

• Guide you through real estate tax deferral strategies

• Plan quarterly estimated payments

3. 1031 Exchange Planning

We help real estate investors reinvest profits while deferring capital gains taxes through IRS-approved 1031 exchanges. Our team assists with:

• Identifying qualifying properties

• Coordinating with qualified intermediaries

• Ensuring timely compliance with IRS deadlines

4. Cost Segregation Studies

Accelerate depreciation on certain components of your property to reduce taxable income. This can result in significant tax savings, especially for:

• Commercial buildings

• Rental properties

• New construction or renovations

5. Entity Selection and Business Structuring

Choosing the right entity can affect everything from liability protection to tax savings. We’ll help you evaluate and select:

• Sole Proprietorships

• Partnerships

• LLCs

• S Corporations

• C Corporations

Our expert advisors will consider ownership structure, cash flow needs, risk exposure, and long-term goals before recommending the best fit.

6. Real Estate Investment Consulting

Whether you’re acquiring a new property, managing a multi-property portfolio, or diversifying into commercial real estate, we provide:

• Due diligence support

• ROI analysis

• Investment timing and exit strategy planning

• Partnership & joint venture structuring

7. IRS Representation and Tax Problem Resolution

Facing an audit, back taxes, or IRS inquiries? GavTax Advisory Services represents you before the IRS, handling:

• Audit defense

• Negotiated settlements

• Penalty abatement

• Tax lien resolution

8. Passive Activity Deductions

We guide you through IRS rules regarding passive activity losses, especially when you qualify as a real estate professional under tax law. This can unlock significant deductions to offset income.

9. Property Tax Assessment Review

Overpaying on property taxes? We assist in evaluating property assessments and filing appeals when necessary to help lower your property tax bills.

Our Clients Include

• Residential and commercial real estate agents

• Real estate investors

• Landlords and property owners

• Real estate developers

• REITs and syndicates

• Property management companies

• Short-term rental owners (Airbnb/VRBO)

Whatever your real estate niche, GavTax Advisory Services delivers solutions designed to help you thrive in the Texas market.

Our Advantage: Real Estate CPA Firm Rooted in Texas

As a Texas-based CPA firm, we understand the unique financial environment of cities like Austin, Houston, Dallas, San Antonio, and beyond. Our localized expertise means:

• Familiarity with county-specific property tax policies

• Guidance tailored to Texas franchise tax rules

• Advice on oil and gas royalties, land use, and zoning tax impacts

With GavTax Advisory Services, you receive the benefit of:

• Responsive, client-focused service

• Advanced software and cloud-based tools

• Expert insights into real estate tax codes

• Year-round advisory—not just seasonal tax filing

Real Estate Tax Planning Process

Step 1: Comprehensive Consultation

We begin with a full review of your business structure, property holdings, cash flow, and investment goals.

Step 2: Strategy Design

We create a custom tax and accounting plan, including entity selection, income allocation, and deduction maximization.

Step 3: Implementation

We collaborate with legal advisors, brokers, and lenders to execute your strategy effectively.

Step 4: Ongoing Monitoring

Quarterly reviews, financial check-ins, and annual adjustments ensure that your plan adapts to growth and market shifts.

Areas We Serve

We provide real estate accounting and CPA services to clients across Texas:

• Austin

• Dallas-Fort Worth

• Houston

• San Antonio

• And all surrounding areas

Whether you manage a single property or a large portfolio, GavTax Advisory Services brings precision and peace of mind to your financial management.