The real estate industry is in a constant state of flux due to a constantly changing market and other conditions.
The variables influencing how and when property is acquired, developed, and utilized is a complex formula that is different for each company. Whether you focus on property development, management, or you are a real estate investor, broker, or agent, our team of experienced professionals can help. To ensure your company’s formula is producing expected results, it is essential to work with a CPA firm that not only understands traditional tax, accounting, and audit, but one that is intimately familiar with the common financial issues and challenges faced as well.
Let’s face it; if a provider does not have experience in your industry then there is limited value they can offer. As companies grow and evolve, so do their accounting, tax, audit, and planning needs. Hanson & Co. works with dozens of real estate companies across the Front Range to address compliance, planning, and growth issues.
Real Estate Accounting Services
- Transaction Structuring
- 1031 Like-Kind Exchange Consulting and Calculations
- Cost Segregation Studies
- Colorado Capital Gain Subtractions
- Conservation Easement issues
- Real Estate Professional Status/Grouping Strategies
- Passive Activity Rules
- Tax Basis Consulting – Encumbered Real Estate
- Retirement Plan Audit
- Tax Planning and Compliance
- State and Local Taxes
- Choice of Entity Selection
The latest from Hanson & Co.
On December 29th, President Biden signed the Consolidated Appropriations Act of 2023. Although primarily a spending bill that funds the federal government for the year, it did include important retirement plan reforms.
Despite the transition back to “business as usual”, there are tax-saving methods that are still available – especially for real estate companies through a cost segregation study.
The Tax Cuts and Jobs Act of 2017 (tax reform) ushered significant changes to the tax code to make it easier to navigate and less complex. Since the close of the 2018 tax season, many Denver businesses have been looking more closely at these modifications to see how to enhance their savings.
Hanson & Co works with middle-market companies and high-net-worth individuals in Denver, Colorado, and across the country. Regardless of the complexity of your need, our team is ready to help you. Please complete the form below, and we will follow up with you shortly.