Why You Should Hire a Richmond, VA Real Estate Accountant

Hiring a real estate accountant can help you create winning financial strategies to help your firm succeed. With in-depth knowledge of both taxes and real estate regulations, they can help you navigate the often confusing world of real estate transactions. This article will cover:

  • What is a real estate accountant?
  • 5 reasons to hire a real estate accountant
  • How to choose a real estate accountant
  • Tips for finding the best real estate accountant

Call SRG Advisors to speak with a real estate accountant today!

CALL: 201-525-1222 x 5

What is a real estate accountant?

A real estate accountant specializes in crafting financial strategies and preparing reports for real estate developers and property owners. Duties of a real estate accountant include tax preparation, consulting, strategy, and budgeting, as well as preparing annual reports. Real estate accountants are often the go-betweens for lawyers, advisors, and banks, and help with all referrals and day-to-day questions.

5 reasons to hire a Richmond, VA real estate accountant

Why should you hire a real estate accountant? Here are five reasons:

  1. A real estate accountant can help you optimize your investments.
    Real estate accountants know the ins and outs of both taxes and real estate operations. They’ll be able to help you plan and budget your next transaction, as well as prepare your financial reports. Need help figuring out items like your cash-basis income statement or operational costs? Your real estate accountant has you covered.
  2. They stay up-to-date with the latest tax updates and real estate codes.
    Real estate accountants stay current and informed with the most recent updates in tax changes as related to real estate so you don’t have to. You won’t have to worry about running afoul of any tax or real estate financial regulations – your accountant will handle it.
  3. A real estate accountant can help you make objective business decisions.
    By performing duties such as asset evaluations and budget analysis, your real estate accountant can help you make sound, objective business decisions that are rooted in facts and figures.
  4. They can help you grow your real estate business.
    If your business deals with developing and/or acquiring property, you’ll want to have a real estate accountant to provide their extensive knowledge of investment analysis, development expenses, and real estate trends. They will also be able to assist on a micro-level, handling tasks like lease abstracts and property sales reports.
  5. Real estate accountants can save you money.
    Take advantage of tax-saving strategies year-round, not just when you need to file your returns. Working with a real estate accountant can allow you to discover new tax-saving opportunities and make strategic business decisions by considering the tax implications ahead of time.

How to choose a Richmond, VA real estate accountant

When deciding on a real estate accountant, consider the following:

  • Their certifications and licenses: You want to ensure that they’re a certified public accountant with experience in real estate property and tax preparation/strategy
  • Ask about the specific tax areas they specialize in: If they’ve never worked in real estate before, look elsewhere.

Tips for finding the best Richmond, VA real estate accountant

Looking for the best real estate accountant? Consider the following:

  • Do they have other accreditations besides being a CPA? It’s important to find someone who continues to learn and pursue new areas of knowledge, not someone who stopped advancing as soon as they passed the CPA exam.
  • How are their referrals and online reviews? Ask around; make sure that their referrals and online reviews are positive.
  • How long have they been in business? You want someone with extensive experience in tax and real estate. Try to find someone who has seen market fluctuations and different business scenarios. They’ll be able to guide you from experience.

Contact the SRG Advisors real estate accountant division!

SRG Advisors provides real estate accounting services throughout New Jersey and New York but not limited to the areas below.

New Jersey

Bergen County
Bergen County Allendale Harrington Park Ramsey Alpine Hasbrouck Heights Ridgefield Bergenfield Haworth Ridgefield Park Bogota Hillsdale Ridgewood Carlstadt Ho Ho Kus River Edge Cliffside Park Leonia River Vale Closter Little Ferry Rochelle Park Cresskill Lodi Rockleigh Demarest Lyndhurst Rutherford Dumont Mahwah Saddle Brook East Rutherford Maywood Saddle River Edgewater Midland Park South Hackensack Elmwood Park Montvale Teaneck Emerson Moonachie Tenafly Englewood New Milford Teterboro Englewood Cliffs North Arlington Upper Saddle River Fair Lawn Northvale Waldwick Fairview Norwood Wallington Fort Lee Oakland Washington Township Franklin Lakes Old Tappan Westwood Garfield Oradell Woodcliff Lake Glen Rock Palisades Park Wood-Ridge Hackensack Paramus Wyckoff Park Ridge

Hudson County
Hudson County Bayonne Jersey Hoboken Union City West New York Guttenberg Secaucus Kearny Harrison East Newark North Bergen Weehawken

Passaic County
Passaic County Bloomingdale Clifton Haledon Hawthorne Little Falls North Haledon Passaic Paterson Pompton Lakes Prospect Park Ringwood Totowa Wanaque Wayne West Milford Woodland Park

New York City
NYC Manhattan

Other Major Cities We Serve - Including but not limited to
Alexandria Allentown Arlington Babylon Baltimore Boston Bridgeport Bridgeport Brookhaven Buffalo Cary Charleston Charlotte Chesapeake Concord Durham Elizabeth Fairfield Fayetteville Greensboro Hampton Hartford Hempstead Huntington Islip Jersey City Lakewood Lowell Macon Miami Newark New Haven Newport News Norfolk North Hempstead Oyster Bay Paterson Paterson Philadelphia Pittsburgh Providence Raleigh Ramapo Richmond Rochester Savannah Springfield Stamford Syracuse Tampa Virginia Beach Virginia Beach Washington Waterbury Wilmington Winston-Salem Worcester Yonkers