New York Real Estate Businesses
In comparison to other industries, real estate can be among the most challenging to operate within New York City. Special rules, regulations, and tax obligations can make it difficult property owners to maintain accurate books and balanced budgets. Based in New York, Melzer & Associates, CPA’s, P.C. are proud to offer real estate tax and accounting assistance for property owners from throughout New York City, particularly Manhattan and Long Island.
Given the costs of permits, licenses, and other mandatory expenditure, remaining compliant with the real estate business laws of New York while making a profit can be difficult. Without strict attention to detail, a proactive business strategy, and an innate knowledge of current and ongoing changes to these regulations, clients can find themselves missing out on opportunities for increased revenue and minimized liabilities.
At our Manhattan CPA firm, our professionals ensure that your real estate business is compliant with the applicable local, state, and federal rules governing real estate operations. This expertise encompasses all five boroughs. Our real estate expertise is one of the many ways our accounting services is customized to meet your business’ unique needs.
Proactive Tax Planning for Real Estate Businesses
Similar to proactive real estate accounting strategies, tax planning for property owners can present its own challenges. If you are unclear about what forms need to be filled out or how to best fill them out, your business can easily face fines, audits, and long-term problems with the state department of revenue or the IRS.
To provide clients with a comprehensive strategy, Melzer & Associates, CPA's, P.C. also offers proactive tax planning and preparation for real estate businesses. Supported by years of experience working within the industry, our professionals are able to evaluate prior tax documents and strategies, determine what changes need to be made to current tax strategies, and how to best shield your business from penalties or audits.
A particularly relevant example of the tax planning work we do is in preparing the TC-201. Required by property owners fill out to record income and expenses, if filed incorrectly businesses can face increased liabilities during tax season. As highly trained real estate tax professionals, Melzer & Associates, CPA's, P.C. tax specialists can identify available deductions and ensure that all relevant forms are filed to help you keep as much revenue as possible.
Contact Us Today
Located in Midtown Manhattan, Melzer & Associates, CPAs, P.C. welcomes clients from across the five boroughs as well as neighboring New Jersey and Long Island communities. For more information, or to schedule a consultation, contact our firm today.