Real Estate & Construction
The real estate and construction industry in Florida generates nearly $100 billion in annual revenue and employs more than half a million Floridians. Demand for services is cyclical, and can vary sharply from year to year. Proper planning is needed in order to weather the cyclical ups and downs. The volume of brokered transactions and the amount of space under management can fall more than 10 percent each year. Demand also depends on local conditions – and as a firm headquartered and operating in South Florida for 20 years, we are well aware of the areas’ fluctuations and needs.
As one of the largest firms based in South Florida serving construction and real estate clients, we are familiar with the financial and tax issues facing your business. From inception to completion, count on our quality accounting, auditing, tax planning and management support services to address the unique financial aspects of your real estate operations.
Our Services Include
- Assurance services including special services for HUD projects and compliance audits for rental assistance projects
- Tax planning and compliance
- Business valuations including acquisitions analysis and due diligence on potential purchases
- Tax advisory services
- Tax structuring
- Tax-free exchanges
- Transaction planning
- Financial reporting, including audits, reviews, compilations and cash flow projections
- Cost segregation studies to help accelerate depreciation deductions
- Technology
The Potential Impacts of Tax Reform to Reits and Real Estate & Construction Companies
/in Blog, Real Estate & Construction /by John TempletonOn December 22, President Trump signed the tax reform bill, “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018,” into law, marking the largest change to U.S. tax policy since the 1980s. With most of the provisions already in effect, it’s […]
How Tax Reform Will Impact Construction
/in Blog, Real Estate & Construction /by John TempletonBy Maureen McGetrick Every type of industry is impacted by the passing of the bill known as the Tax Cuts and Jobs Act (TCJA), and the construction industry was not left out of the party. However, the precise impact will depend upon the structure of the business and the nature of its operations. For construction […]
Contractors, Don’t Wait to Act on Revenue Recognition
/in Blog, Real Estate & Construction /by John TempletonBy Jody Hillenbrand and Luis Torres Jan. 1, 2019, is quickly approaching. For most privately held construction companies, this is the implementation deadline for the new revenue recognition standard, Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers. The time to act is now, especially for contractors with projects lasting over 12 months. A […]