Real Estate Accounting

Real Estate Accounting

The real estate industry encompasses a wide spectrum of professions that rely on the expertise of certified public accountant (CPA) firms specializing in real estate transactions. Real estate CPAs provide the complex financial services that keep your business flowing, help you maximize your profits at every turn and supply you with the means to meet all your financial obligations.

A top accounting firm in New York City, Washington DC and Sarasota, FL, Miller & Company, LLP provides extensive, thorough real estate accounting services for everyone who plays a role in the industry, including:

•  Investors
• Developers
• Property management companies
• General contractors
• Construction companies
• Realtors
• Inspectors
• Appraisers
• Marketing firms that specialize in real estate
• Architects

Count on the guidance and services of an experienced real estate accountant for every sector of the industry, from residential, industrial and commercial real estate to homeowner associations and condominium properties.

Maximize Profits and Efficiencies with Sarasota Real Estate CPAs

A real estate accountant does more than just your bookkeeping. An integral part of your team, your top Miller & Company real estate CPA helps you navigate the complex and multi-faceted industry that’s rife with regulations and unique challenges.

An experienced Sarasota real estate accounting firm plays a role in your strategic planning — during the life cycle of each of your projects, in your day-to-day operations, as well as in the planning and preparation for important decisions that affect your ultimate tax burden.

An expert CPA for commercial real estate provides an extensive array of services designed with your specific needs, including:

• Self-employment accounting. As a general contractor or individual investor running a sole proprietor or partnership operation, your personal finances are intricately involved in your business transactions. You need a CPA specializing in real estate to ensure you’re protected at all times.
• Forensic accounting. You can protect yourself and your company with a real estate CPA from Miller & Company. They’re grounded in the intricacies of forensic accounting, able to root out fraud and provide the due diligence required before an IRS audit, as well as help protect you financially in the case of insurance claims or lawsuits.
• Payroll. Working with subcontractors, tenants, office staff and a slew of other professionals on your projects requires a special kind of knowledge about the complexities and mass payroll challenges you often incur. That’s where Miller & Company shine.
• Cash flow management. With money going in and out during an active construction project, you must rely on your real estate CPA to keep track of the flow. And when you aren’t in an active project, you must still manage cash flow prudently to maintain your company’s financial health.
• Internal controls. By recommending the latest, most effective real estate software and mobile apps, as well as workflow processes and internal management parameters, a CPA specializing in real estate sets you up for continued success.
• Forecasts and budgets. While no one can predict the future, a real estate CPA with extensive experience in the industry sees the general tides before they arrive and steers your decisions to maximize your profits and reduce your risks.
• Retirement and succession planning. The earlier you begin planning for your eventual retirement, whether yours is a family business or not, the better situated you’ll be. Your long-term real estate CPA keeps you informed of steps you need to take and when you need to take them, throughout your career.

Real Estate Tax Accounting

Whether you’re involved with rental or commercial property, run a construction company or hold real estate investments, your accounting and tax needs differ greatly from those in other market sectors. You have a business to run and don’t need to be concerned with how every transaction affects your tax burden.

Leave that to your real estate tax accountant. Constant changes in the tax laws are cumbersome to keep up with at best. But when your interests are protected by a real estate tax CPA, you’ll know when and how to make the best of your resources to ease that burden.

With practices like cost segregation, for example, you’ll get the benefits from a complicated process that greatly reduces your taxes and increases your cash flow from year to year. You’ll sleep better when audits and ever-changing, detailed tax regulations are in the hands of your CPA.

Real Estate Investment Accounting

Real estate fund accounting is a practice aimed at producing results. A CPA for real estate investors structures your transactions and provides detailed cost analyses of every project you approach. Partner distributions and contributions are meticulously followed so that your interests are always protected.

When you need accounting for the sale of real estate or you’re considering your next big investment opportunity, your CPA specializing in real estate guides you through all the options. Trust your accountant to make suitable and calculated recommendations. Listen to the financial advice you get throughout the year, not just at tax time.

The diversity in the city and surrounding areas offers enormous opportunities for real estate investments of every ilk. Joining forces with a seasoned Sarasota real estate accountant can mean the difference between success and monumental prosperity. Contact Miller & Company, LLP to set up a meeting with a real estate CPA to help you navigate real estate tax issues and trends to ensure you reach your full potential.