Are you a property owner, investor or realtor? If so, you may be in need of a real estate accountant.
The professional accountants at Liu & Associates provide real estate accounting services that include providing financial guidance and assistance during real estate transactions as well as preparing financial documents and tax returns.
Whether you own 1 property, or 100 properties, Liu & Associates will help you to navigate the challenges unique to your business.
Landlords
If you own rental properties, our certified public accountants (CPAs) at Liu & Associates can help to ensure your records properly reflect your income and expenses.
Reporting rental income is essential to completing and filing your annual tax return. As accountants, we can maximize any potential write-offs or benefits.
We can also help you prepare the lease and rental agreements as well as develop a budget for development expenses and operational costs of your rental property.
Realtors
On the front lines of home and property sales, real estate agents are no doubt familiar with the finances involved in buying or selling a home.
However, agents and agencies alike need assistance in planning for special tax conditions or processes like incorporation.
The accounting experts at Liu & Associates can aid you in calculating tax liabilities and preparing tax returns as well as examining your agency’s accounting records, drafting reports and developing budgets.
If you are interested in incorporating your business, we can do that too.
Investors
Real estate transactions can be complex and investments can be a roller coaster ride of fluctuating interest rates, shifting demographics and changing economical landscapes.
When there are many investors involved, the issues become more challenging. Thankfully, Liu & Associates are well equipped to advise you on matters such as:
- Financing projects
- Structuring investor participation (partnerships, joint ventures, etc.)
- Special tax and GST rules
- Sales and acquisitions
- Canada Revenue Agency (CRA) audits and reviews
- Estate freezes
We are more than happy to help you perform due diligence and reduce risk factors as you make important real estate investment decisions.
Builders
Residential or commercial, professional builders manage huge accounts and numerous contracts – it is a challenging and time-consuming endeavour.
Liu & Associates can streamline and simplify all of your accounting and filing needs in order to keep your company organized and improve its efficiency. We can help you adhere to special tax provisions and accounting rules as well as comply with complicated federal and provincial regulations.
With many rules written specifically for the building and construction industry, our CPA’s can help with special taxation rules faced by builders of all types.
Benefit from the Personalized Approach
Whether your business is in need of a budget, lease agreement, or a properly filed tax return, Liu & Associates is ready to step in and offer professional accounting advice to help your business thrive and flourish.
If you’re ready to find the perfect solution for your real estate business, please contact Liu & Associates today!