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"Particularly in closely-held situations with family-owned businesses, what our owner does corporately affects his family. You need an accounting firm that understands that." - Scott Dunlop, LJK Companies, Inc. |
Olsen Thielen & Co., Ltd. publishes a bi-monthly newsletter designed to present information on business and tax matters in general terms for our clients. The O&T Adviser is written by the staff of Olsen Thielen & Co., Ltd. Please check out our latest edition. |
OverviewOur project team specializes in the real estate area and is very familiar with the applicable industries such as Construction/Development Companies, Commercial and Residential (Single Family or Multi-Family) Properties and the related accounting methods and issues impacting your industry. We continue to be involved with public speaking engagements and radio show appearances in order to stay proactive in the real estate community. Such methods and issues include:
In addition to our inside expertise we have strategically aligned ourselves with other professional resources which allows us to effectively and efficiently broaden our expertise and provide the appropriate independence that we feel is necessary when consulting in the real estate industry. For example, performing cost segregation studies:Our engineering/CPA methodology provides a more comprehensive study, including physical inspection of property, discussions with the owners of the property, and proper allocation of all indirect costs. It also entails a thorough review of all construction documents including architectural/engineering drawings (verses a common approach of only looking at selected invoices). This methodology provides the data and documentation sought by the IRS and has held up to IRS scrutiny. |
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