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Real Estate Accounting Best Practices: Ensuring Tax Readiness and Financial Success

Withum

Appropriate accounting practices are crucial for real estate entities not only to manage daily operations, but also to ensure tax readiness and compliance. Selecting the Appropriate Accounting Method The choice between cash and accrual accounting methods can significantly impact financial reporting and tax filings.

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Strategic Outsourced Accounting for Uncontrollable Real Estate Costs

Withum

Managing a real estate portfolio involves a plethora of expenses, some of which are uncontrollable. One such strategy is outsourcing your accounting function to experts who can navigate these challenges and help optimize financial operations. Let’s take a closer look at some of the key expenses real estate owners face.

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What Real Estate Investors Must Know About Closing Statements

Withum

Did you buy or sell a piece of real estate? After all the fine details have been worked out, you will receive a real estate closing statement. Prorated Items Certain expenses, like real estate taxes and HOA fees, may be prorated based on when the property is purchased or sold.

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Grant Thornton CFO Survey: Finance Leaders Remain Agile Amid Economic Turmoil

CPA Practice

Grant Thornton’s CFO survey for the second quarter of 2025 revealed that while tariff-inspired economic turmoil drove finance leaders’ pessimism to new heights (46%), the more than 260 respondents moved quickly to deploy a variety of different strategies to protect their businesses. debt on the economy. debt on the economy.

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Liens vs. Levies: Understanding the Key Differences and Their Impact on Taxpayers

MyIRSRelief

This notice alerts creditors that the government has a legal claim to your property, including real estate, personal property, and financial assets. Business Implications : If you own a business, the lien can extend to business property and accounts receivable, potentially disrupting operations.

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Top Remote Accountants of the Week | December 19, 2024

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

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Monday Morning Accounting News Brief: PwC Consolation Prizes; Al Pacino’s Accountant Ripped Him Off | 10.21.24

Going Concern

People familiar with the matter told the Financial Times the UK firm had introduced the new grade to hold on to a key layer of senior accountants and consultants and to bring in external hires with higher salaries. For the Defense Department to pass its audit, it must account for more than dollars. forces dominant. Ready for use?