Get a team of accountants that understands the value & complexity of property ownership
Accelerating depreciation deductions, producing significant tax deferrals, and increasing cash flow
Real estate business tax compliance & business tax preparation (corporate, LLC, etc.)
When tax time hits, it’s too late to implement a successful tax strategy. That’s why, when you sign on as our client, we’ll work year-round to minimize your tax obligations.
Steve and Jenny started their real estate careers with the purchase of their first property in 2005. After renovating it, they discovered a passion for flipping houses and have slowly built a multi-million dollar portfolio. They realized that they had outgrown their current CPA and had contacted our firm for a complementary assessment of their situation.
During our complimentary initial consultations, we review the previous year’s tax return to determine if any planning opportunities had been missed. We then prepare an analysis that outlines what we would do differently and the value that would produce in the form of tax savings.
After reviewing Steve and Jenny’s returns, we determined that the previous CPA was not making use of a tax-efficient entity design for their real estate empire. Our team began by recommending a combination of different entity types, from LLCs to S-Corporations that would allow Steve and Jenny to treat portions of their business as an active enterprise that could support everything from accelerated depreciation through cost segregation studies to robust retirement and benefit plans for Steve and Jenny. This combination of strategies brought Steve and Jenny down from the Federal and California brackets, which, combined, are above 50%, down to approximately 23%.
A simple 3-step onboarding process
After submitting your request, we review the information and then follow up via email to submit the necessary tax documents. Then, we'll schedule a time for your initial planning call.
In this meeting, we'll review your situation and determine where and how we can add value. We'll discuss which services may align best with your current & future needs.
After meeting & reviewing your situation, we prepare a multi-page proposal that shows you your potential tax savings & the different strategies we recommend.