Why Do You Need Real Estate Development Tax and Accounting Services?
The real estate industry is constantly in flux and also highly nuanced. A tax advisor who is an expert in your industry can help you proactively manage the financial side of your business and be ready for what’s next. Here are a few of the ways in which our real estate tax and accounting CPAs can make a difference for you.
- Advising you through each stage of real estate development
There are three stages of real estate development: predevelopment, development, and post development. Naturally, each stage brings about its own financial considerations.
During the predevelopment stage, you must plan the timing of your acquisition or development. Then you must determine what steps to take when securing financing. In the throes of development, keeping a proper timeline and job-cost schedule while maximizing cash flow is critical. At post-development, it’s important to be as profitable as possible—and to have the ability to trace your profits back to their sources. To help you achieve financial success during each stage, we offer solutions that minimize risk, reduce costs, and give you the ability to ride economic shifts.
- Helping you establish a business advisory team
Having the support of experienced financial and legal professionals lets you make informed decisions—and make them quickly. We work with several insurance agents, attorneys, and bankers, and can help you build a team of professionals to best fit your needs.
- Planning your exit strategy
If “what’s next” is your retirement or the sale of your business, JAK can guide you through the process. We can help with everything from business succession planning to setting goals for your retirement.
- Supporting you with real estate tax planning services
In light of the recent tax reform, it’s important to make sure you’re taking advantage of all applicable deductions and credits, which could include the particularly tax-advantageous 199A deduction. Your JAK real estate accountant can evaluate the facts and circumstances of your situation to determine which deductions could apply to you.