Practice Areas

Practice Areas

OUR COMPETITIVE ADVANTAGE

The competition for real estate accounting, tax and consulting services is diverse in practice but narrow in reality. Many of the institutional real estate companies are accustomed to acquiring the services of the Big Four accounting firms due to their financial reporting requirements and available resources. Their company size and financial reporting requirements necessitate a Big Four firm. Such alliances come with a stiff price tag in the form of high billing rates and declining satisfaction with the professional expertise assigned to the day to day account responsibilities. This phenomenon allows SFO the opportunity to provide niche tax and real estate consulting services to institutional clientele at a fraction of the Big Four fees.

Many of the large privately owned, mid-size and smaller real estate operators are more selective in their alliances. Accordingly, this class of clientele will exert more scrutiny into their decision process. Our Firm's experience and pricing provides these clients with the expertise they desire while maintaining the highest level of responsiveness and cost efficiency.



Real Estate Tax Service Overview

The real estate industry is a dynamic environment requiring the application of highly technical tax laws. The industry is transactional in nature and the capital sourcing is largely specific to each transaction. The result is frequent entity formation and alternative forms of project financing to generate the lowest cost of capital and highest equity returns to the operator. Real estate profits are founded upon development expertise or the ability to generate investment return spreads from existing real estate acquisitions and management strategies. The accounting and tax professionals must be equipped with a strong knowledge of partnership and S Corporation taxation as these are the most efficient and preferred entity types for real estate ownership, tax planning and accessing capital sources. The partnership structure for asset ownership offers a flexible vehicle to effectuate creative tax planning maneuvers that can yield significant benefits if planned carefully. The flexibility of the partnership structure requires a trained eye to recognize the opportunities available to a proposed transaction.

Tax advantages in a real estate transaction can be negotiable between the members of a partnership and require a team member that understands the critical elements. A trained real state professional will see a perspective for structuring tax benefits into a transaction without impacting the economic objectives of the parties to the transaction and communicate the opportunity in layman’s terminology so as to succeed in its implementation. The value created from such efforts is recognized by the real estate entrepreneur in the form of enhanced after tax cash flow and preservation of invested capital. Tax deferment is a recognized capital source to grow the net worth of our clientele.

International Accounting and Tax Service Overview

While the largest companies are served by equally large professional services firms, today’s mid-tier businesses often find it challenging to get the right mix of services, professional advice and responsiveness. Assistance with international tax planning and compliance, as well as consulting represent service needs that even small businesses seek to meet their business objectives. Our certified public accountants have provided a wide array of planning, consulting and compliance services to U.S. and foreign based businesses and individuals with investments in countries, such as Japan, Mexico and New Zealand. Our focus is on developing and implementing creative, forward-thinking and business oriented tax planning strategies to defer, reduce or eliminate tax liabilities. The following are some of the specialized services and expertise we provide:

Compliance

  • General compliance services for U.S. corporations and individuals with foreign based businesses and investments
  • Preparation of U.S. international tax forms (5471, 8865, 8858, 1120-F, etc.)
  • Tax preparation services for foreign nationals and foreign owned businesses
  • Withholding tax returns for U.S. payers to foreign persons
  • Services related to foreign tax credit and Subpart F computations
  • Assistance with obtaining U.S. individual and business tax identification numbers

Consulting

  • Classification of taxpayers, choice of entity and "check-the-box" planning
  • U.S. tax on repatriation of foreign earnings
  • Structuring for acquisition, operation and disposition of U.S. real estate
  • Tax aspects of foreign currency exchange
  • U.S. executives working and residing overseas
  • Income tax treaty planning and withholding taxes

Trust, Gift and Estate Service Overview

Planning for your financial future and that of your heirs is an essential element in providing the peace of mind you deserve and can reduce or eliminate the tax due on the transfer of your business and other assets. Our highly experienced certified public accountants have the ability to take an all-inclusive view of your specific situation. As a small firm, we also take a personal and personalized approach to your concerns. We would like to help you to identify your overall estate planning goals and develop a strategy to fulfill those goals by capitalizing on the powerful tools available for estate planning. We work with the various members of the estate planning team—attorneys, insurance brokers, investment professionals, actuaries, appraisers, etc.—to ensure proper implementation of the strategies developed and to assure that all important concepts are included in the overall plan. The following are some of the services we provide:

  • Estate Planning
  • Charitable Planning
  • Estate and Gift Tax Return Preparation
  • Trust Accounting and Tax Return Preparation
  • Private Foundation Tax Return Preparation

Events Calendar
The interactive calendar highlights federal and state tax due dates, special firm events and other important dates that may be of interest to you. Because the calendar is continually updated, check back often to keep track of filing requirements, deadlines and other events that will help you stay current and up-to-date.

Federal Tax Forms & IRS Publications
Looking for a federal tax form? Browse this online tax forms library to find downloadable IRS forms. The forms are presented in PDF format and are acceptable for filing with the IRS. You may also choose from dozens of helpful tax publications developed by the IRS to help taxpayers have a better understanding of various tax issues. Available in PDF format, these publications are written in a plain language format geared specifically to taxpayers.