Our Serevices
Our Services
1
Commerical Lease Audits
Establishing and maintaining a successful and cooperative landlord-tenant relationship is crucial to any company or firm. At Real Estate Auditing Services, Inc., we respect this partnership. We view commercial lease audit not as a nuisance to the landlord but as a way to strengthen his or her relationship with the tenant in the long run.
2
Property Tax Analysis
Our property tax audit service defines the lowest and most accurate assessment of your real estate tax, allowing our team to prepare an effective case for property tax reductions in the current year and for the years to come. We specialize in golf course appeals.
3
FASB ASC842 Implementation/Integration
All U.S. companies must begin reporting their leased assets on their balance sheets as a right-of-use asset and corresponding liability effective January 1, 2019. To help you navigate this new reporting requirement, we offer a specialized FASB implementation/integration program. Our qualified team of experts will ensure all leases are correctly identified and captured so that the balance sheet is properly stated to reflect all leases required by the new FASB ASC842 standard.
4
Cost Segregation Studies
As the IRS states in its Cost Segregation Audit Techniques Guide – Chapter 2, “Therefore, it is desirable for taxpayers to maximize personal property in order to accelerate deductions and, hence, reduce tax liability.” Cost segregation is a valuable tax-saving technique that allows companies that have constructed, purchased, remodeled, or expanded their real property to accelerate their depreciation deductions, thereby increasing their cash flow and reducing their tax liability. Our team of experienced engineers and CPAs can perform an IRS-compliant cost segregation study that can provide immediate tax savings.
5
Due Diligence for Asset Sales and Acquisitions
Almost all commercial real estate sales include a pro forma financial statement for the property in question. However, our clients still find our due diligence services to be an extra layer of protection needed in these large real estate transactions. This service is designed with our clients’ best interests and their financial resources’ safety in mind, regardless if they are the buyer or the seller in the transaction.