Bookkeeping and Accounting for Real Estate

Bookkeeping & Accounting for Real Estate

Real estate transactions involve substantial sums of money, complex financial transactions, and numerous expenses. Effective financial management in real estate requires careful budgeting and planning. At Oysterhub, we specialise in providing bookkeeping & accounting services for Real Estate companies and agents like you to help elevate your business and achieve greater efficiency and profitability.

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ACCOUNTING | BOOKKEEPING | BUSINESS ADVISORY FOR REAL ESTATE

Why You Need An Accountant for Real Estate

Year after year, countless Real Estate companies and agents find themselves feeling trapped in the never-ending cycle of business complexities— from overwhelming pending paperwork, relentless dealings with the ATO, overwhelming tax liabilities, and a lack of reliable business advice. If you’re currently caught in this overwhelming web, there’s hope with Rescue Tax Accounting.

Starting a business should be a exciting journey, not an overwhelming challenge. Oyster Hub provides specialised assistance to Real Estate companies like you and help you navigate through the complex ATO requirements with ease. We offer a comprehensive one-stop solution for Accounting, Taxation, Bookkeeping, Payroll, and Business Advisory services, allowing you to focus on growing your business without being bogged down by reporting and administrative burdens.

How Our Accountants for Real Estate Can Help:

Are you Looking for a Real Estate Accountant?

Meet Adarsh, Co-Founder for Oyster Hub Accountants & Business Advisors. He has a strong passion for working with Real Estate, committed to helping them reach their business, financial, and family goals.

Adarsh and his team of tax accountants, business advisors, and financial brokers are experts in their field and possess extensive knowledge and experience.

Adarsh is an award-winning accountant who recently won the prestigious Australian Accounting Awards as the Chief Financial Officer.

He has been recognised in various industry publications and events for his focus on helping business owners find purpose and balance while managing their businesses.

In a recent campaign by Intuit QuickBooks, he was named “The Wizard of Accounting.”

There is a wizard in every business and we empower small businesses to make a better business to create a difference.

To learn more about Adarsh and his wizardry in accounting, avoid sloth accountants and talk to a real one today!

HOW WE CAN HELP

How Can We Help with Your Real Estate Business

Oyster Hub goes beyond traditional accounting services by offering cloud accounting software solutions that enhance our client’s financial success. Our dedicated team of accountants provides personalised attention and expert guidance, particularly during complicated situations, ensuring seamless integration and utilisation of the cloud accounting software.

Unlock your financial potential with these Cloud Accounting Software Solutions

Who we are & What we do

Are you a start-up business struggling to keep up with your accounting and bookkeeping?

Explore How We Help Real Estate Scale their Business

 As you add new properties or expand operations, the complexity of financial transactions increases. A standardised accounting process can help streamline good financial management, allowing you to allocate resources wisely, identify cost-saving opportunities, and optimise operational efficiency. Oyster Hub is an award-winning accounting firm with a perfect one-stop solution for Real Estate like you.

Just like finding the perfect location for a successful real estate investment, our team is here to cater to all your business needs

Rescue Tax Accounting for Real Estate
Accounting & Taxation for Real Estate
Bookkeeping & Payroll for Real Estate
Low Doc Home Loan & Asset Finance
Look Under the Hood for Previous Year

Are you overwhelmed with the amount of paperwork stacking up on your desk? Do you feel like you’re falling behind or getting chased by ATO for overdue lodgments?

Rescue Catchup
Accounting For Real Estate

Rescue Catchup Accounting is the ultimate accounting solution tailored to meet the unique needs of Real Estate like you. Our streamlined accounting process are tailored to meet your unique business needs, making it easier than ever  say goodbye to overwhelming paperwork piling up on your desk and those dreaded ATO chase for overdue lodgments.

Your current Accountant & Bookkeeper is not responsive
You have received failure to lodge ATO fines & penalties
You have been issued with Director's Penalty Notice (DPN)
You have outstanding ATO Debt and Lodgements
You are looking for business direction to scale
You are behind on bookkeeping & paperwork
You are paying HIGH Tax Bills

We understand the urgency and complexity of managing your financial records and tax compliance. By implementing robust accounting practices, our expert team helps you efficiently allocate resources, present precise financial information, and maintain a high level of transparency throughout your operations.

It’s time to take control of your business and finances – let us help you you on your journey to tax savings and business optimisation.

1. Make A Call

Start your journey to tax savings by giving our team a call. We’ll help you determine if your business is eligible for a Second Opinion, and discuss the information we need from you to complete the review.

2. Comprehensive Assessment

Our team will conduct a thorough analysis of your information to identify any areas that could be improved. We will focus on uncovering opportunities that will save you time, reduce your current year’s tax bill, and enhance the overall business performance.

3. Second Opinion Report

Once our team has completed the review, we’ll create your Second Opinion Report which includes a detailed overview of our findings and recommended solutions. The report is yours, no strings attached!

4. Report Walkthrough

We will schedule a 1-hour meeting in-person, via Zoom, or on the phone to go over the Second Opinion Report with you. This is to ensure that you have a clear understanding of the report’s contents, all your questions are answered, and that you fully agree with the next steps to take.

01

Accounting & Taxation Services for Real Estate

Prior tax planning in Real Estate can optimise outcomes and avoid unexpected tax liabilities. With tax-efficient strategies, Real Estate companies and agents can save costs, increase cash flow, and achieve overall success in the dynamic and competitive market.

Our comprehensive bookkeeping and accounting services are designed to keep you on top of your financial records. Let us help you lay the groundwork for lasting success.

Our Tax Refund Review Process is designed to help you navigate the complexities of tax filings, identify potential opportunities for refunds, and ensure compliance with the latest tax regulations.

1. Make A Call
Start your journey to tax savings by giving our team a call. We’ll help you determine if your business is eligible for a Second Opinion, and discuss the information we need from you to complete the review.

2. Comprehensive Assessment
Our team will conduct a thorough analysis of your information to identify any areas that could be improved. We will focus on uncovering opportunities that will save you time, reduce your current year’s tax bill, and enhance the overall business performance.

3. Second Opinion Report

Once our team has completed the review, we’ll create your Second Opinion Report which includes a detailed overview of our findings and recommended solutions. The report is yours, no strings attached!

4. Report Walkthrough
We will schedule a 1-hour meeting in-person, via Zoom, or on the phone to go over the Second Opinion Report with you. This is to ensure that you have a clear understanding of the report’s contents, all your questions are answered, and that you fully agree with the next steps to take.

02

Bookkeeping & Payroll Services for Real Estate

Detailed financial records enable real estate professionals to identify potential risks and financial challenges early on, allowing real estate businesses to optimise spending and reduce unnecessary expenditures.

Our team of experienced bookkeepers and accountants use innovative technology to streamline your financial processes and catch any mistakes before they become a problem.

This is how we help Real Estate through Bookkeeping: 

Modern bookkeeping software automates tasks like data entry, transaction categorisation, and report generation, freeing up time for real estate professionals to focus on strategic and revenue-generating activities. Additionally, these solutions seamlessly integrate with real estate-specific software such as property management systems and CRM platforms.

How do you know you are using traditional methods for your bookkeeping services: 

  • You keep collecting all your receipts in a shoebox. 
  • You manually record all of your business receipts and bank transactions.
  • Your bookkeeper doesn’t provide regular updates on your business’s cash flow position.
  • You have to follow up on your bookeeper or accountant for business reports.

Whether managing a few properties or a large portfolio, cloud-based accounting can adapt to changing needs. It offers accessibility, cost-effectiveness, security, integration, scalability, and other features that empower real estate professionals with the tools they need to manage their finances efficiently and stay competitive in a dynamic market.

Cloud Accounting Software we Use 
Join countless Real Estate who have already discovered the power of financial efficiency with leading cloud accounting software providers: Xero, QuickBooks Online, and MYOB – cloud accounting solutions that bring you streamlined finances, greater control, and informed decision-making.

Make a switch and book a discovery call with us today.

In Real Estate, bookkeeping and accounting play crucial roles in effectively managing finances. While these two functions might appear similar at first glance, there are distinct differences that set them apart.

Bookkeeping focuses on recording and organising financial data. Accounting is the interpretation and presentation of that data to business owners and investors.

Bookkeeping typically consists of:

  • payroll
  • invoicing
  • receipts and bills
  • recording business transactions

Accounting typically consists of:

  • financial statements and reports
  • budgets
  • tax returns
  • analysing business performance

By understanding the distinction between bookkeeping and accounting, Real Estate companies and agents can ensure that their financial records are accurately maintained, analyzed, and presented.

03

Finance and Lending Solution for Real Estate

In Real Estate, obtaining finance approval can be a challenging process.

Real estate is a capital-intensive industry, and most individuals and businesses involved in it require access to significant amounts of capital to finance property purchases, development projects, or property improvements. Finance and lending solutions bridge the gap between investors, developers, and homebuyers and the funds needed to participate in the real estate market.

We can help you with: 

At Oyster Hub, we are dedicated to helping Real Estate companies and agents find their pearls.

Capital is crucial for purchasing properties, funding developments, and covering operating expenses. Instead of tying it all up in a single payment, leverage financing and explore multiple opportunities simultaneously.

Oyster Hub don’t settle for surface-level assistance; instead, we dive deep into your specific requirements, challenges, and goals.

  1. Assessing Financial Needs: To better understand your financial landscape, our experts will conduct a thorough evaluation of your business and financial statements to determine the amount of funding needed and the best loan options for your specific circumstance.
  2. Gathering Documentation: We guide you through the process of gathering all the necessary documentation for the loan application. This includes financial statements, tax returns, bank statements, business plans, and any other supporting documents required by the lenders.
  3. Preparing a Strong Application: Our team assists in preparing a strong loan application that highlights your business’s strengths, financial stability, and growth potential. We ensure that all the relevant information is presented in a clear and compelling manner to enhance your chances of approval.
  4. Connecting with Lenders: As experienced finance brokers, we have established relationships with a network of lenders specialising in small business loans. We connect you with the right lenders, matching your needs and increasing your chances of securing favourable loan terms.
  5. Managing the Process: We act as your advocate throughout the loan application process, liaising with lenders, providing necessary updates, and addressing any queries or concerns. Our goal is to make the process as smooth and efficient as possible, saving you time and reducing the stress associated with loan applications.

By following these steps, clients are able to navigate through the loan application process, ensuring that they present a strong case to lenders and improve their chances of obtaining the financing they need towards greater success.

04

Tax Planning & Business Structures Setup for Real Estate

Our Tax Planning expertise will give you a strategic advantage, identifying tax-saving opportunities and ensuring full compliance with tax laws. Entrust us with your accounting and bookkeeping tasks, so you can free up your time to redirect on core business activities and strategic planning.

If you find yourself burdened with high tax bills and haven’t reviewed your business structure, you might be missing out on valuable opportunities to minimise your tax affairs.

Our tax-saving strategies are backed by a promise that if we can’t deliver a refund or a better outcome moving forward, you won’t be charged for our service.

Getting To Know Your Business

By getting to know you and your business, we gain a deeper understanding of your current situation and long-term goals which allows us to develop a tailored plan to help you get where you want to be in the future! Let us walk you through:

  • Comprehensive Analysis of your Tax Payments
  • Thorough analysis of your past accounting practices
  • Outline the steps to take during tax planning and implementation process

Identifying Your Business Goals And Growth Patterns

After our initial consultation, we conduct a comprehensive analysis to identify your future goals and growth patterns.

  • Introductory analysis of your business objectives and strategies
  •  Understanding the factors that led to higher taxes in the past
  • Develop a plan to recoup overpaid taxes
  • Explore how legal structures can impact your tax liability
  • Streamlining your business processes with automation

Prepare Tax Saving Strategies Reports

When we have identified your business and growth patterns, we will provide personalised tax strategy reports outlining your potential tax savings.

  • Offer an impartial tax assessment to determine if you’re overpaying
  • Provide actionable advice on how to reclaim excess taxes paid
  • Proactive tax planning for the future
  • In-depth analysis to clarify your situation

Implementing Tax Strategies

Following the delivery of your detailed tax savings report, we’ll schedule a meeting to ensure the smooth implementation of the recommended strategies.:

  • Establishing target dates for executing the recommended strategies
  • Schedule quarterly reviews to monitor progress
  • Identify your financing needs for implementation

Selecting the right business structure profoundly influences real estate taxation, with each option having its pros and cons. The decision hinges on factors like the number of owners, liability considerations, investment goals, and tax planning strategies. With an optimal structure in place, real estate professionals can navigate the tax landscape with confidence and pave the way for financial success in their ventures.

Ready to build a stronger financial future? Book a discovery call now

Looking Under the Hood For Over PAID TAX for Real Estate

If you are a Real Estate company or agent with a turnover under $10m and you feel like you’ve overpaid taxes as a sole trader, company, or trust, our look under the hood solution will suit you.

Discover how our specialised tax services can help you unlock potential tax savings, optimise your business structure, and put more money back into your pocket.

Need an expert wizard?