Real Estate & Investment Portfolio
If you’re operating in the real estate industry or have a real estate investment portfolio, our tax accountants have the proven experience you need to minimize your tax burden.
In this industry, you are faced with the option of holding your real estate investments personally or as a corporation. The option you choose often depends on which one is most efficient and cost-effective for your situation. Regardless of the structure that you decide, our team at Beck Ltd has the right knowledge and experience to help you minimize your tax burden.
As long-term partners for growth and success, our tax planning and advisory services will be able to ensure you’re getting the most out of your investments. Get in touch with us to learn more about how our real estate and investment portfolio accounting services can benefit you.
Real Estate Taxes Services
Real Estate Tax can be quite complex. Managing your finances includes facing challenges related to changing demographics, fluctuating market demands, and more. Our team is here to help you with tax planning in a way that works best for your busy schedule.
Self-Employed Tax Services
As a real estate client, we understand that you’re running a business and essentially self-employed. Our team at Beck Ltd. understands that your specific needs and the challenges you face are unique to you and your business. Whether you’re a home builder, residential developer, real estate agent, property manager, or anything of that nature, we are here for you.
Our tax accountants at Beck Ltd. are knowledgeable and known for their work with various financial planners to ensure your financial plans are in line with tax plans. At the end of the day, our goal remains the same, to set you on track to successfully minimize your tax burdens. At every step, we keep your growth goals and other financial considerations in mind.
If you’re self-employed within the real estate industry, get in touch with our team at Beck Ltd to learn more about how we can help you!
Cloud Accounting Services
Using trusted and secure technology, our expert tax accountants are able to use cloud technology to provide you with online accounting services that fit into your busy schedule! We can tailor our services to ensure compliance with government regulations while meeting your specific needs.
Once your accounting profile is loaded onto our cloud-based platform, you’ll be able to access information in real-time, reducing the risk of human error or confusion with updated versions of documents.
We understand that each one of our clients leads busy lives and scheduling time to meet in person can often be difficult. With our cloud accounting services, we can continue to help you grow your real estate business or investment portfolio in smart ways.
Real Estate Holding Company Services
Real estate holding companies, also known as limited liability companies, are designed to protect you from the risks that come with owning investment properties. The taxes that real estate holding companies pay may vary depending on the structure. For instance, real estate companies are usually treated as a sole proprietorship, which will be reflected in how your taxes are filed. Or, if there are two people involved, then it’s a partnership, which means each owner is responsible for the taxes on their share of the returns.
Understanding the tax landscape surrounding real estate holding companies can be daunting. At Beck Ltd, our team will be able to help you navigate the complexities of taxes for your real estate holding company in Ottawa. With our help, you’ll be able to benefit from some significant tax savings. We understand that the structure of every real estate holding company is different, which is why we tailor our services to your specific needs. Contact our team at Beck Ltd, to find out more about how we can help you.
Commercial Real Estate Tax Services
Commercial real estate tax is a forever changing landscape and this type of investment has become quite popular among property investors. However, as you grow your investment portfolio paying commercial property tax becomes complex. Commercially-owned real estate includes properties used specifically for business or income-generating purposes which include office spaces, industrial buildings, multi-unit rentals, and retail spaces.
At Beck Ltd, we offer a range of commercial property tax services in Ottawa and surrounding areas. From property tax consulting, advisory services, and more, our team is here to help you understand and fully benefit from the value of your commercial investments.
To get started on optimizing your commercial property investments in Ottawa, contact our real estate tax accountants today!
Personally Owned Rentals
Whether you’re a new landlord or you’ve been one for years, navigating taxation can seem daunting. The reason it can seem so daunting is that although income from your rental property is taxable, not all of it is. There are a number of things you can deduct from your rental income for taxation purposes including, repairs, local property taxes, depreciation, commissions, mortgage interests, utilities, garbage removal fees, and more. From these examples alone, you can see how much needs to be tracked year-round when you own a property.
If you own and operate a rental property in Ontario, it falls into the “sole proprietorship” category. As such, your rental income tax will be equivalent to the applicable marginal tax bracket for your personal income from the rental property.
If you’re in need of tax and accounting services for your personally-owned rental property, our team at Beck Ltd is here to help. Reach out to our team to learn more about how we can help!