February, 2024
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New Audit Standards Real Estate Companies Need to Meet for 2024
2024 is officially under way and compliance season has kicked off. Like all other years, the one constant in accounting is change. This year’s changes come from the American Institute of Certified Public Accountants (AICPA) and include updates to Statements on Auditing Standards (SAS). These audit standard updates apply to all entities, regardless of the […]
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Intersection of Current Tax Legislation and Opportunity Zones?
Opportunity zone legislation has been proposed several times over the past two years, but the current political uncertainty makes its future uncertain.
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Live Local Florida’s Proposed Impact, One Year Later
Passed in March 2023, Florida CS/SB 102 (“Live Local Florida”) provides funding and incentives for real estate developers and homebuyers – such as tax benefits and the ability to bypass traditional zoning procedures – when activities relate to increasing the availability of affordable housing. Changes to local government zoning approvals under Live Local Florida With […]
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Property Tax Appeals
The commercial real estate industry continues to face challenges with high interest rates, looming debt maturities, low transaction volumes, wide bid/offer spreads, and reduced property values. It would be easy to assume that local property tax assessors would take these widely publicized issues into account with their assessments. Jack Schinder says otherwise: “You might […]
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Sale-Leaseback Transaction: An Attractive Option in Today’s Market?
In today’s high interest rate environment, sale-leaseback transactions are becoming more and more common. In this type of transaction, the owner sells a property, then leases it back from the purchaser, which subsequently makes the seller the lessee and the purchaser the lessor. Before we get into the advantages and disadvantages of this type of […]