Real estate accounting
Grow a more profitable agency with our specialised real estate and accounting knowledge.
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Build yourself a real estate business
with better numbers
As a real estate principal you understand the value of time. Weekends, time wasters, the ebbs and flows of the market.
Time spent on administration and bookkeeping is time that could have been spent more productively – connecting with potential buyers and sellers or training and mentoring staff.
You may not want to spend your time selling forever and dream of designing a succession plan or what to do with your hard-earned profits.
You need to build an asset that’s profitable and worth something as you get older.
At creditte, we offer real estate agencies a full finance function. We instantly free up your time with our bookkeeping, accounting, tax and CFO services while helping you build a long-term asset through our financial advice, which comes from many years working in your industry.
We not only look after real estate businesses but the people behind them too; including individual agent tax returns, succession planning, and self-managed super fund (SMSF) services all tailored specifically for the real estate industry and your needs.
We know real estate
creditte is different in that we’ve been working closely with real estate agencies since 2012.
We take care of the basics, like your business structure, bookkeeping and tax lodgements, but where we really stand tall is in our CFO advisory services.
We have a proven record of taking Australian real estate agencies forward into better cash flow management and financial control. We help principals navigate things such as scaling their agency, acquisitions and/or sale of rent rolls, planning for marketing dips, and more.
Our services cover:
- Business structuring
- Bookkeeping
- Cash flow management
- BAS and income tax
- Payroll
- Financial reporting
- Quarterly better business meetings
Why choose us as your real estate accountant
Start here: Xero file review
It starts with a free Xero file review of your current financials and a business health check. At creditte, we’ve developed a customised chart of accounts specifically for real estate agencies to get the most out of your numbers.
This review analyses your financials, clearly breaks items into categories and then extracts valuable insights into your financial health.
From this, we can discover opportunities to improve cash flow, minimise tax, decrease costs and increase profitability.
We offer this review for free to real estate principals.
Just book a call with our team.
Accounting packages
Fixed price accounting and tax packages to suit any real estate agency
BASIC
Want to keep things simple? We take care of any standard reporting requirements for you, as well as sorting out the basic tax requirements.
From
$220 monthly- Annual Financial Statements
- Income Tax Returns
- Business Activity Statements
PRO
Looking for a little more? Get that little bit extra to give your business more flexibility and opportunity to grow.
From
$450 monthly- Annual Financial Statements
- Income Tax Returns
- Business Activity Statements
- Annual Tax Planning
- Annual Payroll Lodgements
- Quarterly Meetings
- Business performance analysis
PREMIUM
Want the advantage of quality advice on a regular basis? Get everything in the basic and pro packages plus your very own virtual CFO!
From
$900 monthly- Annual Financial Statements
- Income Tax Returns
- Business Activity Statements
- Annual Tax Planning
- Annual Payroll Lodgements
- Monthly/Quarterly Meetings
- Business performance analysis
- Annual Budget
- A detailed review of profit and loss and cash flows
CUSTOM
Feeling like you're missing something? We can provide tailored solutions to meet your needs
- Payroll Tax
- Fringe Benefits Tax Returns
- Corporate secretarial and ASIC documents
Top tax tips for real estate agents
Real estate agents claim on average of $8,634 in tax
deductions making them the industry with the most
deductions in Australia. This is almost triple the national average of $3,413!
It’s no surprise then that the ATO likes to pay particular attention to this industry when it comes to compliance, audits, data matching and reviews.
These top tax tips are designed to ensure you understand what you can claim and what’s required in order to claim.
Click to download this free resource.
Ready to build a more profitable agency?
Send through the contact form and we’ll get back to you within 24 hours for a chat. Or reach us here:
Contact us
Frequently asked questions
Whats the best business structure for real estate agents?
The best business structure can depend on how you intend to operate as a real estate agency , your estimated turnover and the level of risk you wish to take on. Chat to our team for a free consultation to choose the right business structure for you.
How to set up a real estate agency?
To set up a real estate agency you’ll first need to get your Real Estate Agent License. Next you’ll need to develop a business plan, financial budgets and forecasts, and choose the right business structure. At creditte we can help you get that right.
What can real estate agents claim on tax?
Depending on the employment agreement between the real estate agency and the broker, you can claim items such as meals and travel, work clothing, training, work tools and equipment. Book a call with one of our accountants to discuss your specific situation.
Do real estate agents pay tax on commission?
Yes, real estate agents pay tax on commission. Because you’re providing a service the commission fee must include GST.
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