Accounting for Property Managers

Property managers are constantly looking for ways to reduce expenses and increase profits but this can be a real challenge in today's market. To ensure effective management of your business finances, turn to real estate CPA firm, James Castaldo CPA & Associates. We provide a wide variety of accounting services and tax strategies specially formulated for property managers.

At James Castaldo CPA & Associates, we’ll handle all your accounting processes including cash flow, budgeting, and tax reduction planning. We have the industry experience required to accurately determine which tax deductions you qualify for and will develop a comprehensive plan to limit your tax liability. We’ll ensure your property management business is keeping the proper tax records and taking advantage of all the available credits allowed under current IRS guidelines.

Our accounting and tax services are offered at reasonable rates to all kinds of commercial property managers on Long Island. Find out how we can help you by requesting a free consultation through our website or calling us at 631-302-1945 now.

Our property management accounting services include:

• Outsourced accounting and bookkeeping
• Cash flow analysis
• Strategic tax planning
• Tax deferral transactions
• Passive activity deductions
• 1031 exchange strategies
• New business advisory
• Rent roll preparation and posting
• Analyze and apply cash receipts to tenant accounts receivable
• Accounts payable review and general ledger accounting
• Financial statement preparation
• Budgeting and forecasting
• Ensuring compliance with management contracts
• Monthly and quarterly accruals
• QuickBooks™ accounting support