1. Improve Your Negotiation Skills

When you’ve hired an expert, it’s easy for you to meet clients and close deals successfully. They ensure that you get better terms and a better price for your property deal. You can save money because your CPA will ensure that you don’t overlook any critical points in the agreement and they’ll also help you identify loopholes and pitfalls of the real estate investment.

2. Get Discounts

CPA can save you tons of money by filing your taxes on time and taking advantage of it in terms of incentives, discounts, and tax breaks offered by the federal and state government. A CPA can facilitate you in finding tax breaks for which you qualify. They can then explain to you the process of counting every discount that you can get — ultimately saving you thousands of dollars in the long run.

3. Investing Strategies

A CPA, who’s aware of the ins and outs of the real estate market, is a fantastic asset for you. They can assist you in finding the properties which offer the greatest return on investment. They can also help you navigate through the confusing red tape, legal work, and paperwork involved with selling and buying property.

Suppose you have a real estate business, and you sell and buy property regularly. In that case, you must have an experienced CPA by your side to ensure that you aren’t making any blunder and are following through with the tax obligations.

4. Organization

When it comes to maintaining accounts and taxes, it’s vital to stay organized. Hiring a CPA will help you with that. When you know that you have to give your financial records to someone else, it’ll give you the urgency and responsibility to have them ready on time.

If you’ve hired a good CPA, they’ll set guidelines for your team to follow to keep accounting and tax files accessible and organized.

Get Expert CPAs in Austin, TX

To fully leverage the tax benefits of real estate investment, it’s best to consult a specialist tax accountant. For a CPA firm specializing in real estate, get in touch with us, at Harmon/Harmon. We operate in Austin, TX, and we offer accounting services for real estate and tax planning and compliance services for real estate agents and brokers.

Look at you running a successful business out of your house! You're serving customers day in and day out, and in exchange, you're getting what every small business needs to flourish: money. Your business has started to grow so fast that you need to hire someone to keep track of your money. It's time for you to find a CPA (Certified Public Accountant).

But how can you find the right CPA for your business? We'll guide you!

Look Online, But Verify Their Credentials

Online search is the best place to begin looking. Since Google search shows your results based on your zip code, you'll get a long list of CPAs in your area. If you reside in a small town, you may have to tweak the search radius to get CPAs near you.

During your search, make sure that the CPA is actually certified. A certified CPA is one who's passed the test and is given a license by the state. Moreover, CPAs should also fulfil the requirement of continuing education so that they're abreast with local, federal, and state tax laws. If you need them to prepare your business's taxes, ensure that they've got a PTIN (Preparer Tax Identification Number).

Connect with a Reliable Professional

If you want to excel at something, look for a successful person in the field and emulate what they do. You can use this principle to anything. Want a good body? Get in touch with a person who's got a good body and learn from them.

Similarly, in your case, you can look for successful small businesses and connect with entrepreneurs. LinkedIn is a great place to start. Send them a follow request and drop them a message to start a conversation. What you'll learn this way is firsthand experience, and that's priceless.

Ask those entrepreneurs about how they went about finding a CPA and what financial advice do they have for you. There's a possibility that they might link you to their CPA and make your search easy. Always network!

Have an In-Person Meeting

A CPA will handle your money. Therefore, it's vital that you meet them in person. As you've put a lot of time and effort into establishing your business, you need a CPA whom you can trust. And the feeling of trust and reliability will only come with an in-person meeting. If the candidate is flaky about the meeting, cut them out from the list and look for someone else.

The meeting is all about gut feeling. Follow it.

Get Certified Public Accountants in Austin, TX

If you are a small business struggling with tax compliance and other accounting issues, get in touch with us, at Harmon/Harmon. We’re one of the CPA firms specializing in real estate operating in Austin, TX, that works with small businesses to assist them with tax planning and compliance. Get in touch to get your small business off the ground.