Mortgage broker and loan officer accounting.
Commission income tracking, S-corp election when net clears $100K, marketing deductions, and the tax planning that turns a great year into a kept-the-money year.
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Mortgage origination is feast-or-famine on a 60–90 day cycle. Commissions arrive in lumps tied to closings. Marketing spend is heavy. The accounting question that defines whether a high-earning loan officer keeps the money or pays it to the IRS: are you running an S-corp at the right threshold and capturing every legitimate deduction?
We work with W-2 loan officers (yes, even employees can use side-business accounting), independent mortgage brokers, and small mortgage shops.
What we handle
- Commission income tracking by closing.
- S-corp election when net commission consistently above $100K.
- Marketing deduction capture — Zillow, Realtor.com, postcards, branded swag.
- Continuing education and licensing deductions.
- Multi-state tax if licensed in more than one state.
A mortgage broker netting $215K had been on Schedule C for years. We elected S-corp, set salary at $90K, distributed the rest. Year-one SE-tax savings: $11,300. After carry costs: net win of $7,500.
If you net under $80K, stay Schedule C.
If you net $100K+, run the S-corp math.
If you have your own NMLS license and operate independently, you are running a business — treat it like one.
Most mortgage brokers leave $5K+ in deductions on the table.
Get a year-end review.
Frequently asked questions
S-corp at what threshold?
Math typically wins above $100K net. Below $80K, Schedule C is fine.
Marketing deductions?
Zillow and lead-platform spend, postcards, branded swag, sponsorships — all deductible. We walk through your actual spend at engagement.
Multi-state?
If licensed in multiple states with origination in each, file in each.
Software?
QuickBooks Online + a CRM (Salesforce, Velocify). We coordinate.