Entrepreneurial thinking, local and international network of resources, and a comprehensive understanding of the Real Estate accounting industry.
Choosing the best Real Estate CPA firm that offers industry knowledge to help address your most pressing concerns and realize opportunities is critical to your businesses’ success. At Cornwell Jackson, we combine entrepreneurial thinking, local and international network of resources, and a comprehensive understanding of the Real Estate industry with over 30 years’ experience in the industry to provide each of our Real Estate specific clients with results driven service.
Our goal is to be an advocate for your success. Our Dallas Real Estate accounting team will partner with you to examine your businesses current practices to maximize potential and ensure sound transactions moving forward. We understand the intricacies of the real estate industry. We’ve lived in your shoes. We know your pains and your triumphs. We can help you build your dream. We’ll walk your business life with you.
Our team provides the following service offerings to real estate owners, developers, investors and operators:
- Business Services
- Cost Segregation
- Construction Services
- Litigation Consulting
- HUD, Low-Income Housing Credits
- Real Estate Fund Services
- Privately Owned Real Estate Services
- Real Estate Private Equity Funds
- Audit, review, or compilation of financial statements
- Comprehensive tax services
- 1031 like-kind exchanges
- 1065 return preparation
- Form 990 compliance and preparation
- Tax planning and consulting
- Accounting services and outsourced controllership
- Compliance and advisory services
- Federal/state/local regulations
- Establishment and monitoring of internal controls
- Distribution rules for partnerships and other expenses
- Transaction analysis and due diligence
- Cash flow and profitability analysis
Over the past eight years and now into the era of the new Republican White House, scrutiny on affordable housing developers, owners and management companies has increased. Whether the reasons are to root out abuses of Section 8 funding or to justify cutting the US Housing and Urban Development budget, politics have put pressure on HUD inspectors to increase their review of funding recipients. Based on a recent presentation we attended on the return of the HUD Management & Occupancy Review (MOR), we outline ways that owners and managers of HUD-funded properties can prepare for a potential MOR.
The New Deal of Dallas Real Estate: Low Debt, High Flexibility, and More Digital Could Extend Positive Cycles
Real estate developers and investors are embracing a very different reality in a Post-Recession economy. Trends in tiny homes and virtual offices point to an assumption that bigger and grander is no longer better. The same goes for financing. In the new deal of real estate, we anticipate a continued conservative approach to financing of real estate from both lending and private equity. We also project continued influence by end users on the size, type and location of future real estate development. Or should we say, redevelopment? All of this change bodes well for reducing volatility and extending positive cycles of growth, and with it a longer view on profits.
Recent Real Estate Blog Posts:
Have you ever thought about becoming a landlord? This option may be tempting if your local real estate market is surging and rental rates are strong, especially if you’re already planning to relocate or downsize to a smaller home. Ideally, you’ll be able to shelter most or all of the rental income with tax deductions and … Continue reading Consider Taxes before Converting Your Home to a Rental Property
Although a regular audit of financial statements and disclosures can help property managers prepare for a HUD-sanctioned management and operating review (MOR), there are some differences between HUD Audit Guidelines and the questions covered in a management review through HUD 9834. There are rather obvious differences on HUD 9834, like lead-based paint compliance, vacancy monitoring, … Continue reading MOR Questions Your Audit May Not Catch
Over the past eight years and now into the era of the new Republican White House, scrutiny on affordable housing developers, owners and management companies has increased. Whether the reasons are to root out abuses of Section 8 funding or to justify cutting the US Housing and Urban Development budget, politics have put pressure on … Continue reading Prepare for a Management & Occupancy Review (MOR)
“Cornwell Jackson’s team is very professional. Our business can be demanding, and Cornwell Jackson’s Business Services team provides a comprehensive accounting package that meets all of our business’ needs. They are quick and always understand our sense of urgency. We have a lot of on-the-fly needs, and they have been extremely accommodating to the demands of our rapidly growing business.
Simply put, Cornwell Jackson has an all-encompassing outsourcing solution that was a perfect fit for CAF Management. I have a lot of confidence in Banks Woodward and Scott Bates’ ability to take care of my small business, which gives me confidence that Cornwell Jackson can handle the accounting needs of other small businesses, too.”
Trent Wood, President at CAF Management