6 Questions You Should Ask Your Real Estate Accountant, CPA, Tax Preparer

At ETBS LLC, we have robust experience in real estate accounting, tax preparation, and bookkeeping services to property management organizations, top real estate firms, investors, agents, and brokers. We are always proud of how ETBS LLC has garnered a remarkable reputation over time from its know-how, reliability, and accuracy. We handle all the real estate matters brought in by our clients with utmost caution and dedication. ETBS LLC has customized, innovative, and responsive financial solutions that help real estate clients meet the compliance as well as the reporting benchmarks.

FORVIS delivers accountability, continuity, and responsiveness from a dedicated team of real estate specialists. Boost cash flow through the often-overlooked Section 45L tax credit and 179D tax deduction for multifamily properties. Dive deeper into industry hot topics to help your business stay ahead of change and plan for what’s next with our complimentary webcasts, available to view on demand. Location, location, location; where your employees are located now plays a much smaller role in the current business environment thanks to the ability to work remotely. Ensuring your team has the necessary cloud and collaboration tools is vital to staying efficient and productive.

Assurance

Let’s face it; if a provider does not have experience in your industry then there is limited value they can offer. As companies grow and evolve, so do their accounting, tax, audit, and planning needs. Hanson & Co. works with dozens of real estate companies across the Front Range to address compliance, planning, and growth issues. A CPA has a firm understanding of the various tax ramifications of buying, owning, and selling rental property as an investment portfolio grows. Receiving unbiased professional guidance from a real estate CPA when planning an investing strategy may help an investor to create wealth that can be passed from one generation to the next without tax liabilities.

As the economy expands and contracts, real estate accounting real estate companies capitalize on opportunities. Our FORVIS team combines sound accounting and financial performance with long-range planning to help build the asset value and operating income so critical for success. Tailored tax, assurance, & advisory services to meet the business needs of the real estate industry. In the current business climate, real estate companies are beginning to downsize staff and c-suite employees are retiring. However, the need for high-quality real estate accounting and finance support remains. The benefits of hiring a real estate CPA include minimizing potential tax liability, getting guidance for structuring a real estate business, and optimizing current and future investments.

CPA Firm Services

Surprisingly, your business is allowed to use one accounting method for preparing financial statements and a different one for filing tax returns. For example, let’s say the accrual method is required by a creditor or investor. You can prepare accrual basis financial statements while using the cash method when filing your tax return. A skilled CPA can convert accrual basis financials to cash basis at tax time. Our expertise includes financial statement preparation, tax return preparation, tax consulting, investor reporting, accounting systems, partnership cash flow modeling and transactional services.