The housing and real estate world is going through something of a crisis as we try to shake off concerns about austerity and recessions. Money matters take a toll on homeowners’ ability to stay current on their rent or mortgage, and property disputes are more contentious among the cash-strapped. Ann Irons, CPA, LLC and her team offer accounting, bookkeeping, and tax services to individuals and businesses alike. Find out how bringing a CPA on board with your Boston, MA real estate law office improves profits, efficiency, and ensures the accuracy of key financial transactions within the firm and with clients.

Estates and Assets

When a piece of property is included in an estate, several months may be required to resolve the distribution of assets to beneficiaries. The process is frustrating for clients and legal teams alike, and it can be reasonably shortened by ensuring that all financial documents are in order. Our team will review financial documents, tax returns, and bank statements to determine the value of the estate, including real estate. A CPA also supports law firms specializing in commercial real estate.

Financial Statement Analysis for Real Estate Lawyers

A cash flow statement shows inflows and outflows of cash. An experienced CPA will crunch these numbers, then help you establish the optimal settlement amounts for both parties. Your client will recover as much as is deserved, and the other party will not be unreasonably strained by the settlement. When real estate is at the center of a conflict, a cash flow analysis will offer insight into property values, rent or mortgage payments, each party’s financial standing relative to ownership, and reasonable pricing of commercial and residential properties. A detailed cash flow analysis of your firm offers guidance in matters of managing cash receipts and tracking cash payments.

Irons points out that her team also provides invaluable insights into cash handling and financial matters within your firm. After reviewing current accounting systems and protocols, she will offer recommendations for managing cash receipts more effectively and keeping all cash payments closely in line with your budget.

Property and Estate Tax Help

The need to comply with state and federal income and estate taxes is critical, especially when a piece of property is at the heart of an estate. The estate, not necessarily the executor, pays for tax preparation. Many executors find themselves overwhelmed at the task ahead of them and are more than willing to cede tax matters to a professional. By partnering with our team, you spare your client the hassle of tracking down separate accounting professionals and attorneys. We will review tax documents to ensure accuracy and transparency, which is often necessary when marital relations and joint property ownership matters are underway.

Smooth Day-to-Day Operations

Working with an experienced CPA in Boston improves efficiency, reduces conflict, and ensures that all financial details are in order before proceeding with a case. When there are questions about salary, bonuses, and benefits for associates and office staff, a CPA helps you to make the best decisions for your firm. Ann, who has worked extensively with major accounting firms, has the knowledge and experience needed to make recommendations for your collections strategy, expense accounts, and billable hours calculations.

How can we make your job easier? To learn more about our accounting and bookkeeping services in Bellingham, MA, or to request an appointment with Ann Irons, CPA, LLC, contact us at 508-966-0700. Our team works with businesses and individuals in and around Bellingham, as well as across the country.