Real estate is a complex and fast-moving industry that depends on quick action to seize opportunities. The rules and regulations governing this sector are constantly changing, and if you’re not working with a CPA who is up to date on the latest developments, it can cost you time and money.
The LaPorte Real Estate Industry Group speaks the language of this sector. Our knowledgeable team has decades of experience working with the business planning, tax and accounting needs of developers, owners, investors, management companies, title companies and other industry leaders. With more than 35 years of working with real estate professionals, LaPorte’s team has grown to one of our biggest and most nimble industry groups.
When you work with LaPorte, you won’t need to take time to train us. We’re well-versed in the industry and our commitment and experience is demonstrated through our professionals’ leadership, sponsorship and participation in trade organizations and associations.
Our Real Estate Industry Group strives to make LaPorte the premier real estate accounting firm in the Gulf South. To that end, we serve our clients throughout all phases of the real estate cycle, from acquisition and development to holding and selling.
SERVICES
- Acquisition support services, including lease due diligence
- ALTA Title Insurance and Settlement Company Best Practices services
- Readiness assessments and advisory services
- Agreed-upon procedures
- Certification package support
- Attest and assurance services – audit, review, and compilation
- Capital gain strategies
- Certifications for tax credits
- Low-income housing
- New markets
- Rehabilitation
- Conservation easement planning and consultation
- Cost segregation studies
- Entity and transaction structuring, planning, and support
- Federal, state, and local tax incentives and guidelines
- Going Green incentives
- Historic rehabilitation tax credit services
- HUD and USDA assurance and compliance services
- Land banking with capital gain strategies
- Software consulting and implementation
- Tax-deferred exchanges
LAPORTE REAL ESTATE OVERVIEW
Safe Harbor Provides Path Forward to Deducting PPP Loan Expenses
The IRS once again addressed the deductibility of eligible Paycheck Protection Program (PPP) loan expenses. On Wednesday November 18th, the
IRS releases final regulations on like-kind exchanges
(authored by RSM US LLP) The final regulations broaden the definition of real property compared to the more restrictive definition in the proposed regulations.
IRS Introduces New Form 1099-NEC for 2020 Tax Year Reporting
Beginning in January of 2021, the IRS will require businesses to report non-employee compensation using a new Form 1099-NEC. Amounts