Industry-Focused Guidance
Our approach considers the different accounting and reporting needs of investors, developers, rental-property owners, property managers, and real estate partnerships.
real estate industry
Accounting Challenges Investors Face
Every stage of real estate ownership, from acquisition to sale, brings its own accounting and tax questions. These are the ones we help investors and property owners work through most often.
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Multi-Entity Accounting
Real estate investors often hold properties through separate LLCs or real estate partnerships. BSK helps maintain separate records, document related-party transactions, and accurately record owner contributions and investor distributions.
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Property-Level Bookkeeping
Accurate property-level reporting helps owners monitor rental income, operating expenses, mortgage interest, repairs, and other costs associated with each property.
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Depreciation and Property Basis
Proper purchase-price allocation helps establish the initial property basis between land, buildings, and other qualifying assets. Repairs, capital improvements, and annual depreciation expense must also be recorded accurately.
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Cash Flow and Financing
BSK helps clients evaluate operating costs, debt obligations, and upcoming capital needs. Cash-flow forecasting can also help owners prepare for vacancies, major repairs, and new acquisitions while assessing each property’s return on investment.
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Real Estate Tax Planning
Real estate tax planning may involve rental-property deductions, depreciation, passive activity losses, financing costs, and potential capital gains. The available strategies depend on the property, activity, ownership structure, and investor’s circumstances.
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Property Sales and 1031 Exchanges
Before selling a property, investors should review its adjusted basis, prior depreciation, transaction costs, potential gain, and possible depreciation recapture. A properly structured Section 1031 exchange may allow an investor to defer gain on qualifying investment property.
Real Estate Industry
Solutions Designed to Help You Grow
Today's business owners need more than tax preparation. They need trusted advisors who can help them make smarter decisions, improve cash flow, minimize taxes, and create long-term value.
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Tax Preparation
We prepare accurate individual and business tax returns while identifying opportunities to minimize taxes and keep you compliant throughout the year.
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Accounting & Bookkeeping
Our bookkeeping and accounting services keep your books organized, your reports accurate, and your business prepared for better financial decisions.
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Tax Planning
Our proactive approach identifies tax-saving opportunities before year-end so you can reduce liabilities and avoid surprises.
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Payroll
From payroll processing and tax filings to employee reporting, we help ensure your payroll runs smoothly and accurately every pay period.
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Audit & Attestation
Our audit, review, and attestation services provide objective financial reporting that helps build confidence with lenders, investors, and stakeholders.
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Advisory
We provide strategic guidance on profitability, cash flow, forecasting, and long-term planning to help you make better business decisions.
Who We Serve
Serving a Wide Range of Clients
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For Individuals
Individuals & Families
Tax preparation and planning strategies for individuals and families to help you minimize taxes and achieve your financial goals.
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For individuals
High-Net-Worth Individuals
Helping high-net-worth individuals and families protect their wealth, plan strategically, and stay prepared as their financial needs evolve.
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for businesses
Small & Growing Businesses
Practical accounting, payroll, tax, and advisory solutions that grow with your business and help you improve cash flow and profitability.
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for businesses
Established Businesses
Strategic guidance, reporting, and planning to help established companies manage risk, improve performance, and plan for the future.