REI Friendly CPA Recommendation in Austin, TX?

Question

Hi, I would appreciate a recommendation for a REI friendly CPA in the Austin, TX area.

Thanks!

Basit Siddiqi · Answer

The good thing about Texas is that the state does not have a state income tax.
The only potential filing oblgation that you can have with Texas is if you have an LLC and therefore required to file a franchise tax obligation.

Account Closed · Answer

You better hurry and find one, only a few more days until the deadline!!!

As Accountants on BP we cannot self-promote.

To help in and help in the search:

be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise. Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant. Accountants are in such demand, that the best are not even accepting clients half the time.

The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.

Another thing I see is folks thinking they need to have a tax professional in their state. We as a firm have investors working with us who have rental properties all over the US big and small.

Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding. Best of luck in your search!

David Orr · Answer

I specialize in tax services for real estate investors and I'm located in Austin.  But I don't have a physical office location, I work remotely with clients all over the US.  So I may not be a good fit for what you're looking for if you want a local tax office location to walk in with your paperwork.

David OrrTax Modern

Bill Hampton · Answer

@Nallely Trejo

I recommend finding a tax strategist specializing in real estate taxation. You may want to consider working with your tax strategist remotely to expand your options.

I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return. You want an accountant who can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.

Good luck.

Tom Flann · Answer

If you filed an extension and are still looking for a CPA, I couldn't recommend Aldaris CPA  (https://aldariscpa.com) highly enough. For the last few years for me, he's been great with handling my SchE and SchC income. Plus, he's been able to advise me on the best steps to take tax-wise. He's not in Austin, but works with clients remotely.

REI Friendly CPA Recommendation in Austin, TX?

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