Best accounting & bookkeeping software for real estate (2023)
All-in-one finance platform for accounting, bookkeeping, taxes and payroll for real estate
Why real estate owners love mesha
Hours saved on accounting, bookkeeping and financial admin tasks
saved on bookkeeping and tax fees
accurate financial insights
Financial powerhouse for your real estate business
Intelligent accounting software for modern real estate businesses
Supercharge your real estate business growth and close your books 3X faster
Expert bookkeeping tailored to your business
Real estate businesses demand specialized bookkeeping expertise. Our services are tailored to meet your unique needs, whether you're a property manager, investor, or agent. Our experts handle finances efficiently, from rental income to property acquisition costs, ensuring accuracy and compliance. Trust us to manage the details while you focus on growing your real estate business.
Trusted tax management and filing for real estate businesses
Tax Management Software
  • Utilize advanced tax management software tailored for real estate businesses.
  • Automate tax calculations for sales, payroll, and federal taxes.
  • Receive timely reminders for tax deadlines and compliance filings
  • Access tax-ready reports, including Profit and Loss (P&L) statements, expenses, and balance sheets.
Tax Prep and Filing
  • Enjoy on-demand consultations with top tax advisors who specialize in real estate.
  • Benefit from expert guidance on industry-specific tax structures and tax-saving strategies.
  • Work on minimizing tax liabilities while maximizing deductions for your real estate ventures.
  • Stay informed and compliant with ever-evolving tax laws and regulations affecting the real estate industry.

Tax related FAQs for real estate businesses

What types of taxes do real estate businesses typically need to pay?

Real estate businesses typically need to pay property taxes, income taxes, and capital gains taxes. Property taxes are based on the assessed value of the property, while income taxes are levied on rental income and any capital gains realized from property sales. Additionally, there may be local taxes, like transfer taxes or occupancy taxes, that can vary by jurisdiction.

Property taxes for commercial real estate properties are usually assessed by local tax authorities based on the property's assessed value, often determined by periodic appraisals. Property owners receive a tax bill and are typically required to make annual or semi-annual payments. Failure to pay property taxes can lead to penalties or even foreclosure in some cases.

Yes, real estate businesses can benefit from several tax incentives and deductions. They can depreciate the cost of the property over time, deduct mortgage interest, and potentially take advantage of tax credits for energy-efficient improvements or historic preservation. Tax laws may change, so it's essential to stay informed about the latest deductions and incentives.

Rental income from residential and commercial real estate properties is generally taxed similarly. It's considered taxable income. However, there may be differences in deductions and expenses that can be claimed, depending on the type of property. Residential rental income might qualify for certain housing-related deductions, while commercial properties may have different expense categories.

Yes, real estate businesses can use 1031 exchanges (also known as like-kind exchanges) to defer capital gains taxes when selling a property. This provision of the tax code allows for the exchange of one property for another of similar value without incurring immediate capital gains tax. However, specific rules and deadlines must be followed to qualify for this tax deferral.

The tax implications of financing options, like mortgages, can vary based on the structure of the financing and the use of the property. Interest on mortgage loans is often deductible, which can reduce taxable income. To optimize tax strategies, real estate businesses should consider factors like the type of mortgage, the financing terms, and how they allocate expenses to maximize deductions and minimize tax liability. Consulting with a tax professional is advisable for personalized advice. issions paid to the platform, to ensure proper tax compliance.

Making payroll painless for real estate businesses

Our comprehensive payroll features help make payroll management super simple.

Stay compliant with mesha
  • Off Cycle payroll and flexible payment schedules

  • Next day direct deposit

  • Payroll Deductions and Garnishments

  • Overtime and reimbursement calculations

  • Payroll and taxes across multiple states

  • Payroll for FTEs, contractors and freelancers

Payroll taxes and compliance

We take care of taxes and compliance to adhere to the local regulations and government declarations.

Stay compliant with mesha
  • Automated tax calculation

  • Tax filing and reporting

  • Tax codes and regulation updates

  • Multi jurisdiction compliance

  • Tax liability tracking

  • Work Classification Compliance

  • SUI Reporting

  • Wage Garnishments and Deductions

Want to start a real estate business, but don’t know how to go about it?
Build a foundation of financial success with mesha