More than most businesses, the real estate industry is prey to economic fluctuations. Periodic market corrections can wreak havoc on operations, cash flows and planning. In addition, brokers, property owners, and building management companies, for example, each have different needs and concerns. Cerini and Associates recognizes the unique needs of the participants in this industry and develops customized planning and analyses to maximize the success of each business entity.
For example, for the property owner, cash flows can be improved by breaking a building down into smaller components to accelerate depreciation – using a method called cost segregation. Leveraging the building through various financing options could save the property owner taxes and free up cash for building improvements or expansion. Trading one piece of property for a similar property, may allow the property owner to meet individual or company growth objectives, or gain increased operational flexibility.
What Sets Cerini & Associates Apart:
Leveraging Resources: Brokers must operate within the scope of the feast or famine cycles of the real estate market. How should your operations vary when inventory is high versus low? What types of considerations are there when starting your own company? Cerini and Associates can help you leverage your resources to create a new business while at the same time, minimizing risk and maximizing tax savings.
Understanding of Tax Structure: Additionally, Cerini can illustrate tax deductions that are available to brokers which will help to alleviate personal tax burdens.
Developing Programs: For building management companies, Cerini can help you develop programs which maximize building tenancy, keep proper improvement reserve funds, develop efficient processes to monitor cash flow and sales, create budgets, and ensure your insurance coverage is complete and correct.
Whatever your role in the real estate market, you can be confident that Cerini can assist you in managing the industry’s complex financial and operational needs. Contact us today with any questions or concerns you may have.
MEET THE TEAM
Due to delays at the Internal Revenue Service, businesses and organizations are still waiting for the pandemic relief that was promised during the COVID-19 outbreak. Many of them need this money to keep their doors open and employees paid. According to a report issued late last month (link here), the IRS is behind in processing claims for Sick and Family leave Credits and Employee Retention Tax Credit (“ERTC”) for as much as 12 months, while other claims for such things as Social Security Tax Deferral have been delayed for some 16 months.
Join Ken Cerini, Managing Partner of Cerini & Associates, LLP, and Eileen Minogue, Executive...
Edward McWilliams was quoted in Newsday. You can read the article on Newsday's website here or...
I am pleased to be represented by the team at Cerini & Associates, LLP. I have dealt with several members of their team but mostly spend my time with Ed McWilliams, CPA, one of the senior tax managers. Ed really runs “point” on our account and further I feel he is not only extremely knowledgeable, but diligent and responsive to our needs. From the most trivial letter we receive from the state about this-or-that to the larger picture of our overall cash-flow and planning, I know that Ed and the entire team understands our goals and has our back.
Without hesitation, I confidently recommend Cerini as an accountant and strategic partner. If the time comes for you to consider another accountant, I would strongly suggest that Cerini should be on your “short-list” of firms to interview. Continued success and wealth!