Real Estate
The real estate industry is buckling down in the face of uncertain times. Changes to today’s business environment call for real estate companies to provide a remote-work infrastructure for your team and supplement staff through outsourced accounting and finance support. You’re seeking out new sources of cash flow through real estate tax deductions and the effective use of tax credit programs. Meanwhile, you’re making way for increased investments in security for tenant and building information and bolstering your legal compliance efforts against the rise of any unforeseen circumstances.
Working with real estate developers, owners and investors, commercial and residential brokers and property managers, Withum’s Real Estate Services Team has extensive knowledge and experience to help you achieve your business goals. We recognize the increased need real estate companies have for real estate tax advisory services, real estate audits and accounting, strategic tax planning and other real estate support services. Withum’s real estate accountants and advisors can help ensure your real estate company has a sustainable business plan for the future.
Who We Help
- Developers
- Owners and Investors
- Commercial and Residential Brokers
- Property Managers
Real Estate Industry Challenges and Trends
Strong cash flow is an important asset for real estate companies. You can realize tax savings by minimizing your capital gains tax on real estate investment property and maximizing your cash flow. Learn how to take advantage of the most effective tax structure, so nothing’s left on the table.
Our Solutions
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. Outsourced accounting and finance roles are cost-effective and efficient.
Our Solutions
Landlord-tenant relationships can be turbulent at times. When the uncertainty of today’s climate throws a wrench into a tenant’s plans and brings lease agreements into question, it’s imperative that there are no grey areas, including billing reconciliations for common area maintenance.
Our Solutions
Staying one step ahead of cybercriminals is a constant battle. Proprietary tenant information, wire transfers and network-enabled building management systems are high-risk areas for real estate companies. When compromised, the fallout can be costly. Don’t let your company fall victim.
Our Solutions
Tax rules on depreciation have grown in complexity as part of the tangible property regulations, the Tax Cuts and Jobs Act of 2017 (TCJA) and the CARES Act. Proper documentation is also required to qualify for the real estate professional status tax benefit. Expertly navigate these rules to maximize your available tax deductions.
Our Solutions
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.
Our Solutions
Real Estate Accounting and Advisory Services:
Tax-Motivated
- Cost segregation studies
- Estate planning/wealth preservation
- Real estate professional compliance and advice
- Like-kind exchange strategies
Deal-Related
- Strategic planning
- Acquisition and disposition due diligence
- Deal structuring
- Debt restructuring
- UPREIT and DownREIT Transactions, Structures, and Workouts
Compliance-Related
- Lease analysis and review
- Accounting for leases (ASC 842)
- Tax reform and tangible property regulations compliance
- PILOT programs and abatement municipal agreements
- New markets, low-income housing and historic tax credits
- Cost certifications
- Special purpose audits
- REIT Tax Compliance
Advisory Solutions
Operational Assistance
- Budgeting and forecasting
- Cash flow analysis
- Internal accounting procedures consulting
- Property valuations
- Insurance consulting
- Financing assistance
- Forensic and valuation services
- Business succession planning
- Employee compensation and pension plans
- Internal audit consulting
- Property tax analysis and appeals
- Revenue recognition
- CFO solutions and services
- Common area maintenance engagements
- Software selection
Affordable Housing
- Low Income Housing Tax Credits (LIHTC)
- Housing and Urban Development (HUD)
- New Market Tax Credit (NMTC)
- Advisory Services for Affordable Housing Projects
Withum’s real estate specialists are proud members of the below organizations.
Client Testimonials
Withum has been providing our real estate group with extraordinary tax and accounting services for years. It’s rare to find a national accounting firm that still manages to provide such a personal level of service and care. The Withum team is always sensitive to our investor relationships and timing deadlines, and never fails to deliver for us as promised. As our company continues to grow, our relationship with Withum keeps expanding along with it. We couldn’t be happier with the services provided by Withum.
David Ostreicher, President | Brookview Realty Group
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
Leadership
Featured Insights
Strategic Outsourced Accounting for Uncontrollable Real Estate Costs
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Partnership Debt Allocation
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Tax Treatment of Common Real Estate Exit Strategies
Every real estate investor’s goal is to earn income from the cash flow and the appreciation of their investment. While it’s preferable for an investment to show no taxable income […]