How CPAs can save small businesses money on real estate
Real estate can be a significant investment for small businesses, and navigating the financial complexities can be challenging. Good thing a CPA can help businesses reduce costs and maximize profits through strategic tax planning and advice. By uncovering hidden opportunities and ensuring compliance, CPAs can make your real estate investments easy and profitable.
Here are five ways a CPA can save small businesses money on real estate:
Tax Deductions: CPAs help identify and maximize real estate-related deductions, such as mortgage interest, property taxes, and depreciation, lowering taxable income.
1031 Exchanges: They guide businesses through 1031 exchanges, allowing them to defer taxes on the sale of investment properties when reinvested in similar properties.
Cost Segregation Studies: CPAs conduct cost segregation studies to accelerate depreciation, which can provide significant upfront tax savings for property owners.
Entity Structuring: They advise on the best business structure (LLCs, partnerships) to minimize liability and maximize tax benefits for real estate holdings.
Capital Gains Tax Strategy: CPAs help minimize capital gains taxes on property sales, utilizing strategies like opportunity zone investments or tax-loss harvesting.
About Hunter Tax Associates
Founded in 2017, Hunter Tax Associates is a boutique tax firm that helps businesses and individuals strategize how to best position themselves for successful financial outcomes.
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