Real Estate and Construction

Our firm’s many real estate and construction clients have seen dramatic market changes over the past few years. Our clients weathered these ups and downs because they prepared for long-term sustainability, a hallmark of healthy real estate and construction-related companies.

Our longevity in this arena positions us as knowledgeable and trusted advisors. We know what it takes to survive market volatility and can advise you on the ever-evolving rules and regulations that make the industry so challenging. By participating in conferences and courses, our real estate and construction team stays ahead of the curve and proactively shares its wisdom to help you navigate the complexities you face daily.

Meeting between real estate clients and financial consultants

Our firm serves a broad range of real estate and construction-related organizations including:

  • Real Estate Development
  • Construction Contracting
  • Hospitality
  • Property Management
  • Architects and Engineers
  • Homeowners’ Associations
  • Investment Properties
  • Investors
  • Timeshare Owners, Operators, and Developers
  • Property Management Companies and Brokers

Our Real Estate and Construction-Related Services Include:

Historic Rehabilitation Tax Credits
Improvements to historic properties may qualify for federal or state tax credits. We work with you to analyze opportunities and file for these credits.

Land Preservation Credits and Conservation Easements
Significant federal tax deductions and state tax credits become available when you donate land or conservation easements. We can help you work through the process.

Like-Kind Exchanges
Did you know you can postpone paying tax on the gain generated by the sale of investment or business property if you reinvest the proceeds in a similar property? Let us help you maximize your deferral.

Ownership Structure Consulting
Choosing the appropriate entity can have a significant impact on your tax situation. We can guide you through your options.

Cost-Allocation Analysis
Our team can help you maximize your tax benefits by working with you to allocate costs appropriately as you move forward with each project.

Homeowners’ Association Accounting Services
We consult with your HOA about accounting methods and systems, prepare your tax returns, and handle whatever accounting needs you may have.

 

For more information about our real estate and construction services, please contact:

Partners:

Richard M. Busofsky, CPA
James F. Hutcherson, CPA
Kevin L. Keller, CPA
Kendra L. Stribling, CPA
Robin C. Swink, CPA

Manager:

Mark P. Wheeler, CPA, ABV, CFF

 

Related Articles

IRS Boosts Standard Mileage Rates for Second Half of 2022

IRS Boosts Standard Mileage Rates for Second Half of 2022

The IRS recently announced it will be increasing the standard mileage rate to 62.5 cents a mile for qualified business drivers for the second half of 2022. The adjustment reflects rising costs at the gas pumps this year. Background If you use a vehicle for business...

Protecting Your Company from Cryptocurrency Fraud

Protecting Your Company from Cryptocurrency Fraud

According to blockchain data company Chainalysis, cryptocurrency transactions associated with illegal activity topped $14 billion in 2021. That’s almost double 2020 numbers — and the momentum shows no signs of slowing. In addition to outright cryptocurrency theft,...

How to Keep Your Business Strong Despite Inflationary Pressures

How to Keep Your Business Strong Despite Inflationary Pressures

  Increases in the price of consumer goods will affect most businesses, sooner or later. For example, if you operate a restaurant, spikes in food prices directly affect you. If you operate a fleet of delivery vehicles, you’re already feeling the effect of rising...