How We Can Assist with Current Real Estate Accounting & Tax Issues
Cost Management for Internal Financial Functions
Supplier billing, month-end closings, and reports for lenders can place burdens on your existing finance and accounting staff and impede the cash flow of your practice.
How to prepare: Briggs & Veselka's Outsourced Accounting Services gives you budget flexibility and control when you require interim support of full back office accounting functions.
New Lease Accounting Regulations
These new accounting rules could have impact on bank loan covenants for your tenants, as they might change the borrowing base for many loans essential to operations.
How to prepare: Briggs & Veselka is already working with leaseholders, their clients, and banks to advise them on the possible implications of these new accounting regulations, to help them prepare possible revisions to existing covenants, and as guidance for future loan agreements.
Cost Segregation Studies
Such studies can impact the tax burden of projects through accelerated depreciation and write-offs of certain aspects of your assets.
How to Prepare: Our Real Estate professionals can show you redacted examples of such studies and the immediate tax benefit and cash flow improvements resulting from such studies.
Tangible Property Regulation Changes
The final tangible property regulations apply to anyone who pays to acquire, produce, or improve tangible, real, or personal property. For tax years after January 1, 2016, the IRS has made modifications to the safe harbor thresholds.
How to prepare: Briggs & Veselka tax professionals can provide a no-cost analysis of your tangible property deductions and compare them to the new allowances to provide a better understanding of the implication of these regulations.
