Realtors

ON DEMAND ACCOUNTING SOLUTIONS

Real Estate Professional? Welcome Home.

Experienced real estate professionals know the importance of keeping finances in order as their book of business grows. We understand the unique challenges you face and offer specialized bookkeeping, advisory, and tax services tailored specifically for your needs. Our expert team of professionals is well-versed in the intricacies of accounting for real estate agents and brokerages. We are committed to providing you with the tools and guidance you need to succeed. We can help you manage your commissions, track expenses, and create comprehensive financial reports that will give you valuable insights into your business. By streamlining your accounting processes, we will help you make informed decisions that will drive your business forward.

Common Questions

How Do I Keep Track of Everything?

We will set you up with an easy to use bookkeeping system. All you need to do is forward emails or take pictures on your phone of the bills and receipts.

How ARC Bookkeeping Works

How Does HST Work?

When you earn commission you are collecting HST. That HST has to be remitted to CRA by specific due dates during the year. You are eligible to reduce the HST owing to CRA by claiming input tax credits, We will help you maximize your input tax credit claim to reduce your HST owing and keep track of the filing deadlines so you don't need to worry.

Should I Incorporate?

If you have excess cash flow and are using that to grow your business or investments then incorporating will allow you to maximize available cash by utilizing lower corporate tax rates.

When Do I Set Up a Holding Company?

Looking to buy some real estate yourself using your corporate cash? Do you want to put your money to work for you and start earning some recurring passive income? A holding company can be a good option to help preserve your operating companies small business preferred tax attributes without first needing to pay the high personal tax rates on your operating profits.

When Are My Taxes Due?

If you have a sole proprietorship then your tax return is due June 15th. Any taxes owing are due April 30th.

If you have a corporation you can pick your year end. Your tax return is due 6 months after your year end. Any taxes owing are due 3 months after your year end.

HST can be set up to be filed monthly, quarterly or annually. If you are a monthly or quarterly remitter then your HST is due one month after your period ends. If you are an annual remitter it is due 3 months after your period ends if you are incorporated or June 15 if you are a sole proprietor with amounts owing due April 30.