Payroll & Commission Processing
Streamlined Commission & Payroll Management for Real Estate Professionals
At PM Realty Accounting, we understand the unique challenges real estate professionals face when managing commissions and payroll. From complex commission splits to managing a team with both employees and independent contractors, our specialized services are designed to simplify these processes and ensure accurate, timely payments while maintaining compliance with tax regulations.
Whether you're an independent agent tracking your own commissions, a team leader managing multiple agents, or a broker overseeing an entire brokerage, our commission and payroll solutions can be tailored to meet your specific needs.
Commission Tracking & Management
Our comprehensive commission tracking services help you maintain accurate records of all transaction-related income, ensuring nothing falls through the cracks.
- Transaction-based commission tracking
- Complex split calculations (broker splits, team splits, referral fees)
- Commission reconciliation with broker statements
- Year-to-date commission reporting
- Commission forecasting and goal tracking
- Integration with transaction management systems
- Custom commission structures and override management
- Performance-based commission tier tracking
Team & Brokerage Payroll
For team leaders and brokerages, our payroll services handle the complexities of paying both employees and independent contractors in the real estate industry.
- Full-service payroll processing for W-2 employees
- Independent contractor (1099) payment management
- Direct deposit and check processing
- Tax withholding and remittance
- Quarterly and annual payroll tax filings
- W-2 and 1099 preparation and filing
- Multi-state payroll compliance
- Payroll reporting and analytics
Compliance & Tax Reporting
We ensure your commission and payroll processes remain compliant with all applicable regulations, reducing your risk and administrative burden.
- Worker classification guidance (employee vs. independent contractor)
- 1099-NEC and 1099-MISC preparation and filing
- State and federal payroll tax compliance
- New hire reporting
- Unemployment insurance management
- Workers' compensation reporting
- Audit support and representation
- Compliance with changing regulations
Benefits of Outsourcing Commission & Payroll Management
Time Savings
Free up valuable time to focus on growing your real estate business instead of managing complex commission calculations and payroll processing.
Accuracy & Reliability
Eliminate calculation errors and ensure all commissions and payments are processed correctly and on time, every time.
Compliance Assurance
Stay compliant with ever-changing tax regulations and reporting requirements, reducing your risk of penalties.
Financial Insights
Gain valuable insights into your commission trends, agent performance, and payroll expenses through detailed reporting.
Frequently Asked Questions
What's the difference between paying agents as employees vs. independent contractors?
The classification of real estate agents as employees or independent contractors has significant implications for payroll, taxes, and compliance. With employees, you must withhold income taxes, pay Social Security and Medicare taxes, and provide benefits. Independent contractors handle their own tax payments and don't receive benefits. The classification depends on factors like control over work, payment structure, and business relationship. We can help you determine the appropriate classification for your agents and ensure compliance with IRS regulations.
How do you ensure accurate 1099 reporting for real estate agents?
For agents classified as independent contractors, accurate 1099 reporting is crucial. We maintain detailed records of all commission payments throughout the year, reconciling these with transaction records to ensure completeness. We collect and verify all required information, including Tax ID numbers, and prepare and file 1099-NEC forms with the IRS by the annual deadline. We also provide agents with their copies for their tax filing purposes. Our systematic approach ensures compliance and reduces the risk of reporting errors or omissions.
Ready to Simplify Your Commission & Payroll Management?
Let our team handle your commission tracking and payroll processing while you focus on growing your real estate business.
Schedule Your Consultation