Who We Help › Real Estate & Property
Who We HelpBookkeeping for House Flippers
& Fix & Flip Investors
Fix and flip is not passive investment income — it's active business income, often subject to self-employment tax. Getting the accounting right from acquisition through sale is essential for minimizing your tax hit.
Book a Free ConsultationNo obligation · 30-minute call · Federally authorized Enrolled Agent
The Specific Challenges We Solve
Project Cost Tracking from Acquisition to Sale
Every repair, material purchase, contractor payment, carrying cost, and closing fee needs to be tracked to the property to establish your cost basis. We set up project-level tracking so your basis is always accurate and your gain calculation is audit-ready.
Active vs. Passive Income Classification
The IRS treats frequent flippers differently than passive investors. We assess your activity level and classify income correctly — the difference can be thousands of dollars in self-employment tax, and the wrong classification creates serious audit exposure.
Real Estate Dealer vs. Investor Status
Flip frequently enough, and the IRS may classify you as a real estate dealer — meaning all gains are ordinary income subject to SE tax, and installment sales treatment may be unavailable. Luisa advises on activity levels and entity structure to manage this risk.
A Bookkeeper Who's Also a Federally authorized Enrolled Agent
Most bookkeepers categorize transactions and hand you a report. Simple Books Now does that — and our Licensed EA can also represent you before the IRS, file your business and personal tax returns, and advise on tax strategy year-round. One firm. No referrals. No gaps.
Ready to Get Your Books in Order?
Book a free 30-minute consultation. She knows the numbers for your type of business and will give you a clear picture of what we can do.
Book a Free ConsultationNo obligation · Flat monthly rates · Federally authorized Enrolled Agent