A Solid Foundation in Real Estate and Construction
In one way or another, elements of the “bricks and mortar” industries touch nearly every one of our clients. Whether you own a single-income property, are a real estate developer or subdivider, structure multi-tiered real estate investment partnerships, or you are a large public works construction contractor, our accounting, tax, and consulting practice specialists have the industry knowledge you need to help you achieve your financial and operational goals.
The real estate and construction industries present unique challenges and opportunities, and they have complex financial and regulatory requirements layered on top. Michael Silver & Company CPAs has an experienced team of professionals with the depth of experience and the expertise to help you navigate the issues and avoid set-backs.
Real estate investment properties (residential, retail, commercial, and industrial) are at the core of this industry. Whether the investments are for speculation, development, or held as income producing property, our team understands the complex accounting and tax issues associated with each, and can provide guidance and assistance from acquisition through ultimate sale.
We also serve other related industries that are not part of the ownership of real estate, but are components of the industry. These include:
- Real estate brokers
- Property management companies and homeowners associations
Our full range of services includes:
Tax Strategies and Compliance
From structuring the deal, to maximizing profits or the utilization of tax losses, to taking advantage of all applicable credits, the complexity and inter-relationship of tax code provisions are often complex and confusing. Our team, supported by 20+ tax professionals, has the experience and insights that can help ensure that your venture achieves its goals. We can advise on:
We have extensive experience in all areas of tax compliance, including individuals, partnerships and LLC’s, corporations, S corporations, and homeowners associations.
In addition, we understand that your projects could be local or anywhere across the U.S. No matter where your investment is situated, we can advise on the varying tax laws that are specific and unique to any geographic region. We also have extensive experience in State & Local Tax — our experts include two tax partners, supported by a full tax team, all deeply experienced with state and local filing requirements in all 50 states.
Accounting and Audit Services
No matter the size of the project, accurate and timely financial data is critical to understanding and managing real estate. We have the expertise to provide quarterly and year-end financial statements tailored to the real estate industry, providing the knowledge you need and complying with lender and debt covenant requirements. We can provide:
Consulting and Other Value-Added Services & Solutions
Few other industries offer the array of sophisticated planning opportunities as those available within the real estate industry. Our consultants have a finely-honed understanding of the real estate environment, including its nuanced challenges and risks, and can leverage that information into practical strategies designed to uncover impediments to the success of your project. We can counsel on: