At Daszkal Bolton, we know Florida’s real estate industry is filled with opportunity, volatility, complexities, risks, and financial rewards. The state’s advantageous tax climate and explosive population growth create a steady demand for real estate products and new investments in commercial, construction, industrial, multi-family, residential rentals, and property management.
Real estate entities require sophisticated tax, assurance, and business advisory services to maximize the value of their assets. Daszkal Bolton helps clients do just that with 360-degree guidance for your real estate business. Daszkal Bolton has been guiding clients through market fluctuations and business cycles unique to Florida’s economy since its founding in 1992.
You can count on Daszkal Bolton’s professionals to fully utilize tax planning strategies to minimize current tax liabilities and plan strategically for the long term. Whether it is using cost segregation to accelerate depreciation and increase deductions, restructuring debt to preserve cash flow, or using tax-free exchanges, installment sales rules, or Opportunity Zone investments to defer income, the Daszkal Bolton professionals stay current on ever-changing tax law and IRS regulations.
Daszkal Bolton’s professionals gain market insights and intelligence through our direct experience in all facets of the real estate industry. Our ability to interpret trends and connect with industry leaders is a competitive advantage.
Boca Raton Chamber of Commerce
Commercial Real Estate Women (CREW)
International Council of Shopping
National Association of Industrial
Centers (ICSC) and Office Properties (NAIOP)
Mortgage Bankers Association
National Multi-Housing Council
Research Park at FAU Urban Land Institute
Our deep industry knowledge, varied experiences, and extensive contacts in development, construction, and lending help Daszkal Bolton’s professionals create and implement customized client strategies. These strengths are due to decades-long working relationships with industry professionals and organizations such as:
In an industry where experience is a differentiator, Daszkal Bolton understands real estate operations, knows the market, and speaks the language.
Energy Tax Credits – Helping clients apply for tax credits for the cost of qualified energy-efficient improvements to a residential property such as energy-efficient exterior windows, specific roofs and roof products, and insulation, as well as energy-efficient heating and air conditioning systems, certain water heaters, and biomass stoves.
Low Income Housing – Advising developers and investors on how best to use tax credits to develop affordable residential rental projects including selling the credit to investors for funding.
Retroactive Benefits of Qualified Improvement Property (QIP) for Commercial Real Estate – Evaluating the benefits and/or retroactively claiming bonus depreciation on certain improvements to the interior of commercial buildings.
Minimization of Net Investment Income Tax (NIIT) – Assisting taxpayers with planning strategies to reduce the 3.8% tax on investment income (e.g., interest, dividends, capital gains, and passive activity income).
Real Estate Professionals (REP) – Helping qualified real estate professionals take advantage of special tax laws allowing net operating losses to offset all income categories and the NIT.
Minimization of Limitation of Business Interest Expense – Developing strategies to maximize current deductions in light of tax law changes that limit the deductibility of interest expense against business income (before interest). Identifying opportunities to carry forward the amount not deducted, subject to the income limitation.
Qualified Business Income (QBI) – Utilizing real estate opportunities to satisfy QBI rules to enable the 20% deduction using pass-through entities, such as S Corporations, partnerships, and Schedule Cs.
179D Tax Deduction – A deduction is allowed for qualifying energy-saving permanent improvements for building owners and tenants; used mainly for multifamily housing energy efficiency upgrades. Made permanent in 2020, standards were updated, and the deduction is indexed for inflation.
45L Tax Credit – An energy-efficient home tax credit up to $2,000 per unit. Intended to benefit multifamily housing, subject to building height limitations and date-built limitations extended through 2021.
Financing/Refinancing/Loan Modifications – Advising taxpayers seeking opportunities to increase cash flow or monetize equity in real estate assets by reviewing existing loans or seeking new financing with improved terms or conditions. Working with current banking relationships or identifying alternative sources to help taxpayers navigate the process and negotiate debt rescheduling.
Capital Sourcing – Developing a business strategy to enable an investor to make a financial decision about a particular asset by focusing on three types of sourcing: working capital, equity capital, and debt capital.
Interest Rate Caps – Working with taxpayers to limit the total interest on the loan or limit incremental increases to the rate of a loan.
Financial Due Diligence – Evaluating items such as financial risks, cash flows, and profits; especially useful in a real estate transaction or investment opportunity.
State Property Tax Assessments & Real Estate Tax Appeals – Reviewing assessments, negotiating abatements and exemptions for all types of real estate, including commercial, residential, or industrial properties.
Financial Modeling – Helping businesses make informed financial decisions by developing customized financial models to measure the effect of a future event by estimating costs and projecting profits.
Cost Segregation – Identifying property components that are considered personal property under the tax code to shorten the depreciation period to reduce current year income for tax purposes. Typically, a percentage of assets can be shortened to 5, 7, or 15-year life assets.
Like-Kind Exchanges – Advising on the conditions that must be met and time frame limitations of “1031 exchanges” that allow one real estate asset to be disposed and another “like-kind” purchased without the recognition of gain on the first asset.
Opportunity Zones – Helping taxpayers take advantage of the law that provides capital gains tax relief for the development of assets in areas designated as Opportunity Zones needing investment. Providing guidance on operational compliance and development of Opportunity Zone funds created for such purposes.
Changes to CAM Clauses – Helping landlords with tenancy clauses for common area maintenance charges (e.g., parking lighting, and landscaping). Strategies include optimizing costs through gross-up calculations associated with occupancy such as janitorial or utilities.
Litigation Support – Supporting attorneys and clients with a proactive approach to uncovering records, analyzing systems, and resolving real property disputes.
Accounting Services – Providing temporary or long-term CFO outsourced services to assist with a large transaction, prospective merger or acquisition, or other changes in the business. Learn more about this specialized service offering.
Daszkal Bolton’s independent audit and assurance services are enhanced with team members who have specific industry knowledge and experience from decades of advising Florida’s investors, entrepreneurs, property owners, developers, investors, brokers, and financial institutions. Our risk-based approach ensures compliance and identifies opportunities to improve operational and financial efficiencies. Add to that, a deep knowledge of comparable organizations and the local economy that helps us identify less obvious but significant areas of exposure. Our goal is to ensure confidence in the information you rely on to operate your business.
These services are especially important for acquisitive organizations that depend on our team to conduct financial, operational, and industry due diligence.
Learn More from Daszkal Bolton’s professionals:
Real estate developers and investors have the opportunity to invest in distressed communities throughout the U.S. with tax benefits unlike any other development incentive structure. However, to achieve the maximum benefit of Opportunity Zones, they must act by Dec. 31, 2019.