Miller & Company CPAs: Tax Accountants by sarasotacpafirm
Accountant
Jul 24, 2020 | 177 views | 0 0 comments | 4 4 recommendations | email to a friend | print | permalink

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CIRA Accounting & Audits
by sarasotacpafirm
Jul 24, 2020 | 356 views | 0 0 comments | 29 29 recommendations | email to a friend | print | permalink
Miller & Company CPAs: Tax Accountants
Miller & Company CPAs: Tax Accountants
slideshow

Common Interest Realty Associations, also known as CIRAs, are complex legal and financial entities. Condo financial management can be a challenging endeavor, and more CIRA administrators are choosing professional CIRA accounting services than ever before.

When choosing a firm to perform a CIRA audit, only select the top specialists available. The certified public accountants (CPAs) at Miller & Company, LLP have the expertise you need for your CIRA accounting services. Experience the difference a proactive CIRA accounting professional can make for your organization.

CIRA BASICS

A common interest realty association governs the interests of communities with a common purpose. CIRAs may oversee operations of residents in communities, such as:

  • Homeowner associations
  • Planned unit developments
  • Timeshares
  • Co-ops
  • Condominiums

The association follows a set of rules that often are given over to a subcontracted property management company to fulfill. Members of the community fund the association through assessments on their dwellings.

A vast number of Americans participate in CIRAs. It’s estimated that about 12 percent of American households live in a community that’s part of a CIRA. The major characteristics of CIRA housing include:

  • Ownership with the CIRA is divided into shares of stock, individual lot ownership or defined living spaces.
  • Ownership of the common property is shared, and all owners are bound to covenants and restrictions through the association’s contract.
  • Membership is automatic if the organization was legally established, adequately maintains the property and offers other services to its community.
  • Owners fund their association through periodic assessments.

CIRA AND CONDO ACCOUNTING SERVICES IN SARASOTA

The form of CIRA ownership usually results in accounting differences rather than CIRA operations. Your organization should rely, therefore, on CIRA accounting specialists to handle the financial statements, reporting duties and perform audits. The kind of ownership dictates the capitalization of the common property and how the accounting and disclosures should occur for maintenance and improvements.

Certified public accountants (CPAs) with a high level of knowledge about the industry and its standards, such as those at Miller & Company, must follow specified standards for the preparation and reporting on required financial statements. Functions they usually get involved with include:

  • Strategic planning for use of funds
  • Operational budgets
  • Annual tax liabilities and tax filing
  • Association audits
  • Regular financial reporting to stakeholders and equity partners
  • Bankruptcy
  • Restructuring following insolvency
  • Trustee duties

Working Hours::

Monday – Friday: 9:00 am – 7:00 pm

Saturday: 9:00 am – 4:00 pm

Sunday: Closed

Payment: cash, check, credit cards.

CONTACT US

Miller & Company CPAs: Tax Accountants

Sarasota, Florida

2831 Ringling Boulevard, #204B

Sarasota, FL 34237

(941) 366-5646

https://www.cpafirmnyc.com/accounting-firm-sarasota-fl

https://www.facebook.com/Miller-Company-LLP-741061575994635

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Gift Tax For Nonresident Aliens In The U.S.
by sarasotacpafirm
Jul 24, 2020 | 313 views | 0 0 comments | 28 28 recommendations | email to a friend | print | permalink
Miller & Company CPAs: Tax Accountants
Miller & Company CPAs: Tax Accountants
slideshow
Gift tax laws are complicated for all taxpayers — nonresident aliens are no exceptions. In fact, nonresident aliens face several circumstances that provide both challenges and opportunities for them. For example, multiple exemptions to the gift tax for a non-US citizen exist for those who are familiar with the law.

Miller & Company, LLP is a top-rated accounting firm in NYC with offices in Queens, Manhattan, Washington DC, and Sarasota, FL. Their multilingual staff specializes in international tax law.

NONRESIDENT ALIEN STATUS

If you don’t know whether or not you qualify as a nonresident alien, finding the answer is a logical first step. An alien, for U.S. tax purposes, refers to anyone who is not a U.S. citizen or a U.S. national. U.S. nationals are born in the unincorporated territories of American Samoa or Swains Island.

If you live in the United States, but have not passed the substantial presence or green card test, then you’re qualified as a nonresident. But if you’re married to a resident alien, you may still file your tax return as a U.S. resident alien if you file as “married filing jointly.”

GIFT TAX RULES

The Internal Revenue (IRS) considers any direct or indirect transfer of wealth from one individual to another that has not received some form of equal compensation to be a gift.

Under IRS rules, most gifts are taxable transactions, but there are exceptions, such as:

  • Gifts that fall below the annual gift tax exclusion
  • Spousal gifts
  • Donations to a political organization
  • Medical or tuition expenses paid for someone
  • Donations to qualifying charities

Unless the gift is for a charitable organization, you can’t deduct it from your income tax. The person giving the gift is usually responsible for paying the gift tax. But under some circumstances, the receiver may be permitted to pay it.

Read more at https://www.cpafirmnyc.com/gift-tax-non-us-citizen

Working Hours::

Monday – Friday: 9:00 am – 7:00 pm

Saturday: 9:00 am – 4:00 pm

Sunday: Closed

Payment: cash, check, credit cards.

CONTACT US

Miller & Company CPAs: Tax Accountants

Sarasota, Florida

2831 Ringling Boulevard, #204B

Sarasota, FL 34237

(941) 366-5646

https://www.cpafirmnyc.com/accounting-firm-sarasota-fl

https://www.facebook.com/Miller-Company-LLP-741061575994635

https://twitter.com/sarasotacpafirm

https://www.linkedin.com/company/miller-&-company-llp

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Real Estate Accounting
by sarasotacpafirm
Jul 24, 2020 | 324 views | 0 0 comments | 28 28 recommendations | email to a friend | print | permalink
Miller & Company CPAs: Tax Accountants
Miller & Company CPAs: Tax Accountants
slideshow

The real estate industry encompasses a wide spectrum of professions that rely on the expertise of certified public accountant (CPA) firms specializing in real estate transactions. Real estate CPAs provide the complex financial services that keep your business flowing, help you maximize your profits at every turn and supply you with the means to meet all your financial obligations.

A top accounting firm in New York City, Washington DC and Sarasota, FL, Miller & Company, LLP provides extensive, thorough real estate accounting services for everyone who plays a role in the industry, including:

  •  Investors
  • Developers
  • Property management companies
  • General contractors
  • Construction companies
  • Realtors
  • Inspectors
  • Appraisers
  • Marketing firms that specialize in real estate
  • Architects

Count on the guidance and services of an experienced real estate accountant for every sector of the industry, from residential, industrial and commercial real estate to homeowner associations and condominium properties.

MAXIMIZE PROFITS AND EFFICIENCIES WITH SARASOTA REAL ESTATE CPAS

A real estate accountant does more than just your bookkeeping. An integral part of your team, your top Miller & Company real estate CPA helps you navigate the complex and multi-faceted industry that’s rife with regulations and unique challenges.

An expert CPA for commercial real estate provides an extensive array of services designed with your specific needs, including:

  • Self-employment accounting. As a general contractor or individual investor running a sole proprietor or partnership operation, your personal finances are intricately involved in your business transactions. You need a CPA specializing in real estate to ensure you’re protected at all times.
  • Forensic accounting. You can protect yourself and your company with a real estate CPA from Miller & Company. They’re grounded in the intricacies of forensic accounting, able to root out fraud and provide the due diligence required before an IRS audit, as well as help protect you financially in the case of insurance claims or lawsuits.
  • Payroll. Working with subcontractors, tenants, office staff and a slew of other professionals on your projects requires a special kind of knowledge about the complexities and mass payroll challenges you often incur. That’s where Miller & Company shine.
  • Cash flow management. With money going in and out during an active construction project, you must rely on your real estate CPA to keep track of the flow. And when you aren’t in an active project, you must still manage cash flow prudently to maintain your company’s financial health.
  • Internal controls. By recommending the latest, most effective real estate software and mobile apps, as well as workflow processes and internal management parameters, a CPA specializing in real estate sets you up for continued success.
  • Forecasts and budgets. While no one can predict the future, a real estate CPA with extensive experience in the industry sees the general tides before they arrive and steers your decisions to maximize your profits and reduce your risks.
  • Retirement and succession planning. The earlier you begin planning for your eventual retirement, whether yours is a family business or not, the better situated you’ll be. Your long-term real estate CPA keeps you informed of steps you need to take and when you need to take them, throughout your career.
Read more at https://www.cpafirmnyc.com/real-estate-accounting

Working Hours::

Monday – Friday: 9:00 am – 7:00 pm

Saturday: 9:00 am – 4:00 pm

Sunday: Closed

Payment: cash, check, credit cards.

CONTACT US

Miller & Company CPAs: Tax Accountants

Sarasota, Florida

2831 Ringling Boulevard, #204B

Sarasota, FL 34237

(941) 366-5646

https://www.cpafirmnyc.com/accounting-firm-sarasota-fl

https://www.facebook.com/Miller-Company-LLP-741061575994635

https://twitter.com/sarasotacpafirm

https://www.linkedin.com/company/miller-&-company-llp

https://www.instagram.com/cpafirmsarasota

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https://sarasotacpafirm.tumblr.com

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Miller & Company CPAs: Tax Accountants
by sarasotacpafirm
Jul 24, 2020 | 307 views | 0 0 comments | 28 28 recommendations | email to a friend | print | permalink
Miller & Company CPAs: Tax Accountants
Miller & Company CPAs: Tax Accountants
slideshow

Miller & Company CPAs: Tax Accountants is a best-rated & most experienced accounting firm in Sarasota, FL. This is the only accounting company that is able to look out of the box and deliver the desired results. There is no single financial problem that cannot be fixed by a highly professional and experienced team of Miller & Company. Top-rated CPA company in Sarasota will be able to determine the right combination of solutions required to achieve your financial goals and let your wealth work for you.

Miller & Company CPAs: Tax Accountants, located in Sarasota, FL realizes the importance of financial and tax accounting in current settings and is ready to offer a high-quality service. Our qualified specialists are also able to provide cost segregation study in tax deductions and ensure that you have all accelerated tax benefits. Our experienced team will put enough effort in order to solve your financial challenge. Accounting and financial planning are integral parts of any successful business. It allows tracking income and expenses as well as having a proper business and individual tax calculations. All the aforementioned quantitative financial information helps investors and management of the company to make the right business decisions.

CONTACT TAX ACCOUNTANTS NOW

(941) 366-5646

The best accounting firm in Sarasota, FL has enough competencies to offer the following services:

Real Estate Accounting

HOA Accounting

CIRA Accounting & Audits

Rental and Commercial Property Accounting

Construction Accounting Services

Gift Tax fort Nonresident Aliens in the U.S.

FIRPTA & Foreign Nationals

Working Hours::

Monday – Friday: 9:00 am – 7:00 pm

Saturday: 9:00 am – 4:00 pm

Sunday: Closed

Payment: cash, check, credit cards.

CONTACT US

Miller & Company CPAs: Tax Accountants

Sarasota, Florida

2831 Ringling Boulevard, #204B

Sarasota, FL 34237

(941) 366-5646

https://www.cpafirmnyc.com/accounting-firm-sarasota-fl

https://www.facebook.com/Miller-Company-LLP-741061575994635

https://twitter.com/sarasotacpafirm

https://www.linkedin.com/company/miller-&-company-llp

https://www.instagram.com/cpafirmsarasota

https://www.youtube.com/channel/UCAtVqPa3AmY8OP-XMzoGu-g

https://www.flickr.com/people/150640740@N04

https://sarasotacpafirm.tumblr.com

https://www.pinterest.com/sarasotacpafirm

https://g.page/accounting-firm-florida?gm

Find us at   

sunshine.guide

arcg.is

us-info.com

fyple.com

wherezit.com

citysquares.com

ewire.com

southfloridareview.com

profileonweb.com

mix.com

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