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

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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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7 Signs It’s Time to Rethink Your Real Estate Accounting Strategy

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Managing a real estate portfolio can be both rewarding and complex, with numerous financial and operational tasks demanding your attention. 7 Signs Outsourcing Your Accounting Is the Right Move If any of these challenges sound familiar, it might be time to consider outsourcing your accounting functions.

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What Real Estate Investors Must Know About Closing Statements

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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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An Expert’s Guide to the Year-End Close Process

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As part of this review, it is important to make sure that the correct portion of your payments throughout the year have been recorded to principal, interest and any applicable escrow accounts. The related escrow accounts should also be analyzed and any activity recorded.

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Top Remote Accountants of the Week | December 19, 2024

Going Concern

TAX CANDIDATES FTE Tax Senior | Candidate ID #23636747 Certifications: EA Education: BS Experience (years): 5 years tax experience Work experience (detail): All in public accounting 5 tax seasons preparing returns for HNWIs and SMBs 300+ returns per season, 50-50 individuals, businesses Client-facing with S-Corps, partnerships, trusts Business development (..)

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Top Remote Accountants of the Week | January 9, 2025

Going Concern

TAX CANDIDATES FTE Tax Senior | Candidate ID #23616387 Certifications: EA Education: BS Accounting, MS Taxation Experience (years): 10+ tax and accounting Work experience (detail): 6+ in public accounting 3 in healthcare industry Full cycle accounting and financial reporting Prepared tax filings for individuals, SMBs, partnerships, nonprofits 30% review (..)

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Top Remote Accountants of the Week | January 2, 2025

Going Concern

TAX CANDIDATES FTE Tax Senior / Manager | Candidate ID #23674176 Certifications: EA Education: BS Accounting, MS Accounting and Finance Experience (years): 20+ years accounting and tax Work experience (detail): 10+ years in public accounting Remote team management experience Tax planning and compliance, advisory 70% review during 2024 tax season Preparation (..)