Even the savviest real estate investors are often at their wits’ end regarding tax laws. However, with the right knowledge, combined with the services of a reputable tax and accounting consultancy, this challenge could be easily handled—maximizing your earnings and minimizing tax liabilities. In this article, we let you...
Real estate agents are busy people. Managing properties and helping clients can leave little time for handling complex financial tasks. That’s where outsourcing accounting services comes in. Meanwhile, accounting for real estate can get tricky as there are specific rules and regulations to follow. By hiring an accounting firm...
The intricacies of real estate transactions necessitate a robust accounting framework to ensure that every financial detail is meticulously recorded and analyzed. An accounting firm specializing in real estate can mean the difference between a portfolio’s exponential growth or stagnation. By integrating professional expertise in risk management and strategic...
Tax deductions offer a valuable opportunity to reduce your taxable income and keep more money in your pocket. While many taxpayers are aware of common deductions like charitable donations and mortgage interest, there are numerous other types of expenses that may qualify. Understanding the various categories of tax deductions...
Every real estate investor needs a CPA firm as their essential partner in navigating the intricate landscape of property investment. With a trusted ally like MKS&H by your side, you gain access to a treasure map leading to fiscal success. Our profound understanding of taxes, strategic financial planning, and...
Financial Planning for Real Estate Development Projects: Key Considerations Embarking on a real estate development project is a strategic move that demands careful financial planning. At MKS&H, we recognize the complexities involved in managing the financial aspects of such projects. In this comprehensive guide, we’ll outline the essential financial...
In the dynamic realm of commercial real estate, savvy investors are constantly on the lookout for strategies to optimize their portfolios and maximize returns. One such strategy that has gained popularity is the 1031 exchange, a powerful tool that allows investors to defer capital gains taxes when selling and...
When it comes to investing in commercial real estate, there’s a lot more to consider than just location and property aesthetics. Understanding the financial health and potential return on investment of a commercial property requires a deeper dive into its financial ratios. These ratios provide valuable insights into the...
The office sector in commercial real estate has long been a cornerstone of business operations, serving as a central hub for professionals to collaborate, innovate, and drive productivity. However, the COVID-19 pandemic brought about unprecedented challenges and disruptions to this sector, leading to a significant transformation in how offices...
Investing in commercial real estate can be a lucrative venture, but it’s important to understand the tax implications associated with this type of investment. One tax that may apply is the capital gains tax, which can have a significant impact on your bottom line. Let’s take a closer look...