Real Estate

In today’s environment, the real estate industry has many ups and downs. Changing market conditions, tax implications and interest rates make it a risky business. We work with investors, developers, and builders who want an accountant who understands the real estate market.

Conventional accounting, tax, assurance and consulting services are complemented by knowledge and specialized expertise, including complex financing. We help our client’s acquire the right opportunities to shape successful and profitable companies. We listen to our clients. That’s our number 1 priority.

Real Estate Industry Services:

Financial statements: audits, reviews & compilations
Financial forecasts and projections for leases, acquisitions and dispositions
Financing analysis
Cash flow and budgeting analysis
Acquiring real property
1031 tax deferred exchanges
Employee benefit services
Evaluation of internal controls
Bookkeeping assistance in accordance with GAAP
Strategic planning and management advisory services
Development and tracking key performance indicators
Cost segregation tax studies

Client Success

Investing in commercial real estate for your business versus leasing space can be a great long-term financial decision. Our client who specializes in heavy civil, site construction, and structural concrete services, was weighing this option as their company continued to grow. Our CPA’s were able to show the benefits of a cost-segregation study on the client’s potential real estate investment.

Solution:

Typically, the facility’s property components and land improvements would be classified as “building” and depreciated over the standard 39 year period. Cost-segregation studies identifies items that could be reclassified to shorter depreciable lives.
After seeing the tax savings resulting from the study, our client chose to build a new shop to repair and maintain their construction equipment. After having a cost segregation study done, they learned that the property which otherwise would have been classified as 39 year property was depreciated over 5, 7 and 15 years, making it eligible for bonus depreciation. We were able to guide our client to thousands of dollars in tax savings by allowing them to see their opportunities with this sound decision.

In their words:

“When we were trying to decide the most favorable option of building or leasing, we didn’t realize the benefits of a cost-segregation study in order to support our next steps. After sharing our situation with our CPA’s at Barrett and Co., they explained the benefits of the cost-segregation study. Through our partnership and knowledge gained with the study, we were able to make a sound investment choice and have been able to take the tax money saved and invest it back into our business.”

Kevin T

Our clients understand the importance of working with a trusted adviser. We can help you time real estate transactions to maximize profits and minimize taxes. Give us a call at 360.210.5100 and lets start up a game plan!

4910 NW Camas Meadows Drive, Suite 100 | Camas, WA 98607 360.210.5100 | 503.253.5902

Barrett & Co provides custom CPA services, tax planning and business advisory services to Clark County and the Greater Portland Metropolitan area.