The firm’s Tax & Accounting Team assures accurate record-keeping and reporting on the portfolio assets. Additionally, they provide key support on firm-related financial issues. Accurate and insightful financial information is required to maintain profitability and to capitalize on new opportunities. The Tax & Accounting Team’s primary responsibilities include:

  • Income Tax Returns
    Prepare annual filing of income tax returns, navigating through the complexities and ever changing landscape of U.S., state and local tax laws.
  • Tax Appeals
    File appeal documents, prepare case, and manage all case presentations before any informal or formal panels to adjust property value or income assessment.
  • Cost Segregation
    Increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes. Prepare detailed analysis to support depreciation schedules.
  • Tax Incentives
    Plan for opportunities to leverage available tax deductions. For example, green building codes that allow for deduction of energy efficient improvements.
  • Financial Statements
    Prepare personal financial statements for key selected partners on an annual basis. Statements are utilized for guarantor agreements with lenders.
  • Operating Oversight
    Oversee compliance of investor operating agreements. Specifically, ensure proper execution of member distributions and loss allocations.

  • Financial Statements
    Prepare standard financial statements for reporting to management, investors, lenders, outside professionals and government agencies.
  • Accounts Payable & Receivable
    Process invoice postings and payments to vendors and maintain billing and receipt records for customers.
  • Payroll
    Utilize a computerized payroll system to facilitate processing of timely payments to employees, tax agencies and benefit plans.
  • Bank Reconciliations
    Compare and match figures from the accounting records against those shown on bank statements to ensure proper maintenance of funds.
  • Cash Management
    Maintain optimal cash flow levels by tracking sources and uses, forecast, and budget.
  • Projections & Forecasts
    Produce in conjunction with Property Management, financial projections to help Asset Managers monitor asset performance and spending controls.
  • Employee Benefits
    Develop, implement, and administer benefit, retirement, and profit-sharing plans with an eye toward maximizing tax advantages.