Advisors to the Real Estate Industry

 

 

We specialize in providing services to the the real estate industry.  Please click on the links below to learn more about some of the services we provide.

 

Affordable Housing

Condominium and Homeowners' Associations 

 

 

 

 

 

 

 

 

Affordable Housing 

 

Our firm is one of the largest providers of accounting and tax related services in the Southeast for the affordable housing arena, servicing one of the largest syndicators of low income housing tax credit funds in the United States. In addition, we have completed many audits and tax returns for the operating partnerships, as well as providing them with management consulting services.

 

Our extensive experience includes the following:

 

·     We provide tax, audit and consultation services to a major syndicator who has raised over $1 billion from investors.

 

·     The syndicated investment funds for which we provide audit and tax services have invested in over 1,000 affordable housing operating partnerships.

 

·     The firm has completed approximately 170 audits and tax returns of 33 private investment funds whose members are primarily Fortune 500 companies. 

 

·     The firm has also prepared approximately 350 tax returns for 35 private investment funds which raised over $270,000,000 from investors and  invested in 290 affordable housing partnerships.

 

·     The firm has completed in excess of 1,700 audits and tax returns for affordable housing operating partnerships. 

 

·     The firm has performed cost certifications for many projects as required by state housing and federal government agencies.

  

·     The firm has been instrumental in assisting government agencies in setting financial statement presentation guidelines for projects.

 

·     The firm has assisted developers through the low income housing tax credit process with state agencies.

 

·     The firm is a member of organizations that promote and encourage the development of affordable housing.  Our partners have been directors/officers of such organizations for many years.

 

·     Our partners keep current on all tax credit industry trends and issues by attending seminars, subscribing to industry publications and consulting with other professionals in the industry.

 
Our Clients

 

Our clients in the affordable housing industry include:

 

Raymond James Tax Credit Funds, Inc.

Flynn Development Corporation

Southwind Management Services, Inc.

MuniMae Midland (former client prior to merger)

 

 

 

 

 

 

 

 

 

Condominium and Homeowners' Associations

                                                                                                             

Our firm has over 20 years experience in providing audit and tax services to condominium associations and homeowners' associations.  Our services to these Common Interest Realty Associations (CIRA's) include:

 

The clients we serve in this arena include well-known timeshare resorts, waterfront suite resorts, high-rise luxury condominiums, apartment conversions and multi-family communities. 

 

·      Annual audits, reviews and compilations including supplementary schedules on future major repairs and replacements (reserves) as required by the American Institute of Certified Public Accountants (AICPA).

 

·       Developer turnover audits as required by Florida Statutes, including turnover audits for apartment conversions.

 

·      Income tax preparation including Federal Form 1120 and Form 1120-H, together with tax consultation.

 

·       Consultation services to association boards and management companies.

 

We are members of Community Associations Institute (CAI), the only national organization dedicated to fostering vibrant, responsive, competent community associations. As members of the Suncoast Chapter, we are able to meet other local affiliates in the industry and enhance our knowledge base.

 

To keep abreast of new developments in this industry, we attend continuing education classes and conferences presented by the Florida Institute of Certified Public Accountants (FICPA), remain current on changes in the Florida Statutes and continue to be aware of the complex income tax regulations regarding CIRA's.