Real Estate

Tax and Accounting Services for the Real Estate Industry

If your business is the fast-paced world of real estate, you already know you’re in an industry with complex transactions and reporting requirements. You also know how competitive it is–and that economic downturns, however unpredictable, may cause your business to be less profitable than you imagined. The good news is that we are here to help our clients navigate the financial challenges they face in building a profitable real estate business.  

How we help you:

Whether you’re a residential builder, a commercial land developer, a property manager, or a real estate investor, our experienced team of real estate accounting professionals provides a customized approach to each and every client with the goal of improving profitability, managing cash flow better, and improving operational efficiency–everything your business needs to stay ahead of the competition.
Real estate tax law is complicated, but our knowledge of current real estate tax law enables us to work with your company in developing innovative tax planning strategies that minimize your tax liability. We’ll also help you evaluate potential land and property acquisitions and dispositions and assist you in understanding the implications of various methods of financing should you need it.

What we do:

We provide business consulting and outsourced CFO services such as cash flow and budgeting analysis, payroll and bookkeeping services, sales and use tax exemptions and credits, tax compliance and tax planning, and financial statement audits and review.

Specialized Real Estate Accounting Services:

In addition to our business consulting and outsourced CFO services, we are also available to assist you with the following specialized real estate accounting services:

  • Dispositions of real estate
  • Section 1031 Exchange assistance
  • Due diligence for proposed real estate transactions
  • Lease audits
  • Real estate investment trust consulting
  • Bank Financing
  • Internal control audits
  • Succession planning
  • Litigation support and Fraud investigation
  • Capital acquisition and disposal

Our Clients: 

  • Private equity real estate funds
  • REITs (real estate investment trusts)
  • Hotel operators
  • Residential commercial and retail land developers
  • Building owners
  • Property managers
  • Agents/brokers
  • Property investors
  • Commercial and residential builders

Leave the accounting to us.

Our specialized knowledge of the real estate industry has helped many real estate professionals thrive, and we’re ready to help you too. If you’d like to learn more about our real estate accoun
ting services, don’t hesitate to call or fill out the contact form below. It’s that easy!

Manufacturing and Distribution

Tax and Accounting Services for Manufacturers

The manufacturing industry is highly competitive. Not only are there complex regulations to comply with; technological changes are numerous and frequent. With customers demanding better products at lower prices and a faster turnaround, you need solutions fast.

We are here to help.

As your trusted advisor our job is to help you stay competitive. We’ll work with you to streamline your accounting procedures and processes as well as identify opportunities that help you improve your bottom line by reducing operational costs and manage your facilities more cost-effectively.

Manufacturing Accounting Services:

  • Outsourced accounting and CFO services
  • Research and Development tax credit
  • Sales & use tax
  • State and federal economic incentives
  • Inventory management (costs and analysis)
  • Internal controls
  • Financial projections and forecasts
  • Cost segregation
  • Payroll processing
  • Monthly, quarterly and year-end accounting
  • Tax planning strategies
  • Business advisory services
  • Mergers and acquisitions
  • Business Valuation
  • Exit Strategies

You can count on us.

Our specialized knowledge of the manufacturing industry has helped numerous companies improve their bottom line through increased efficiency of their accounting processes. If you’d like to learn more about our manufacturing accounting services, simply fill out the contact form below. It’s that easy!
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Retail and Wholesale

Consumers these days are far savvier than they have been in the past. With technology always at their fingertips, people want to be able to interact with businesses on a more personal level. The shopper/retailer dynamic has shifted, which means that stores have to act quickly to catch up. As these trends continue and change, it’s vital that your business can adapt and move forward into the future.

At Thomas Ross Financial, we understand how the world is changing. Our team of expert advisers is well versed in every aspect of the retail industry. Let our experience and expertise guide you on the path to success.

Accounting and financial services are a huge part of what we do for companies like yours, but we also make sure to take it a step further. Just as you provide exceptional service to your customers, we do the same with our clients. At Thomas Ross Financial, we can also assist you with:

  • Cash flow management
  • Fraud vulnerability mitigation
  • Strategic planning
  • Valuation
  • Trend analysis
  • Consulting

These are just a few of the ways that we can help your company thrive in this competitive industry. Our primary goal is your satisfaction, so let us take care of the details so that you can focus on what matters: your customers. We are dedicated to enabling your success, so let us do that for you. Trust in Thomas Ross Financial.

Professional Services

Specialized Accounting Services for the Dental Industry

From keeping up with the latest dental techniques to hiring employees and payroll and tax compliance, managing a dental practice is more complicated than ever. With the right team in place, you’ll have more time to focus on your patients. While you may already have an HR professional on staff to take care of that side of the business, chances are you’ve been struggling with the financial side. If so, then maybe it’s time to hire an accounting firm that specializes in dental practices

Accounting Services for Dental Practices

As your financial partner, we help you minimize your tax liability by taking advantage of tax credits and deductions, enhance your profits, and improve your cash flow. If you suspect fraud or embezzlement we are available to audit financial statements and accounts. We also help you plan for the future–whether it’s planning for succession, conducting a business valuation in preparation for sale, or helping you figure out the best retirement plan for your employees.

Here’s what else we do for you:

  • Tax planning strategies
  • Tax credits and deductions
  • Tax Return Preparation
  • Payroll Tax Compliance
  • Succession Planning
  • Business Valuation
  • Forensic accounting (embezzlement and fraud)
  • Virtual CFO services

Take your Dental Practice to the Next Level

If you would like more information about our accounting services for dental practices, please contact us using the form below. You’ll be glad you did!
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Hospitality

Accounting Services for the Hospitality Industry

Competitive and cyclical in nature, many restaurants and hotels operate on a slim margin subject to the whims of tourism trends, weather, and other factors beyond anyone’s control.From assistance with financing options to structuring “the deal” and projecting revenues, it’s vital to use a tax and accounting firm that understands the financial and operational challenges faced by businesses in the hospitality industry. When you hire accounting and tax professionals that specializes in hospitality-related businesses, you get more than a general business accounting firm. We also handle industry-specific issues that arise such as state and local government tax incentives, R&D tax credits and other deductions that reduce your tax liability, and in-depth knowledge of repair regulations, as well as sales and use tax.

Our Hospitality Accounting Services

  • Internal controls
  • Audits, reviews, and compilations (financial statements)
  • Cost segregation studies
  • Operational and profitability reviews
  • Sales and use tax
  • Business tax incentives
  • Payroll issues (tip reporting)
  • Cash flow forecasting and revenue projections
  • Financing assistance options
  • Mergers and acquisitions
  • Business and Real Estate Valuations
  • Succession planning and exit strategies

Our Hospitality Clients:

  • Hotels and Hotel Developers
  • Golf Resorts
  • Entertainment Facilities
  • Country Clubs
  • Restaurant Franchises
  • Family-owned and Independent Restaurants
  • Racetracks
  • Wineries

Leave the accounting to us.

Our specialized accounting knowledge has helped numerous hotels, resorts, restaurants, and other hospitality-related businesses thrive–and we’re ready to help you too. Your customers deserve top-notch service and so do you.
If you’d like to learn more about our hospitality accounting services, simply fill out the contact form below. You’ll be glad you did!
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Construction

Specialized Accounting Services for the Construction Industry

The construction industry faces a unique set of challenges that many other industries do not such as insurance and bonding requirements, labor issues, and a highly competitive bidding process–all of which vary from contract to contract.

If you operate a construction management firm, or are a general contractor, subcontractor, residential developer, or own a business in the construction-related trades, you need an accounting firm that understands the business.We do.

Not only do we stay current on tax law changes affecting the construction industry but many of our tax and accounting professionals are members of national construction trade associations and are Certified Construction Industry Financial Professionals (CCIFPs).

We also maintain relationships with third-party professionals including real estate professionals, attorneys, and bankers and prepare the financial documents needed to obtain financing from creditors, banks, suppliers and bonding companies. And, if your goal is to increase profitability, you’ve come to the right place

Our Construction Accounting Services

We offer a range of accounting and advisory services from to mergers and acquisitions and strategic planning to financial reporting compliance and construction audits. Here’s what we else do for you:

  • Financial statements – reviews, compilations, and audits
  • Financial reporting systems – review and implementation
  • Review internal project controls
  • Contractor dispute resolution
  • Construction audits
  • Tax return preparation
  • Payroll
  • Business valuation and succession planning

Stay ahead of the competition.

Our team of experienced tax and accounting professionals is ready to help you achieve the financial success you deserve. For more information about our construction accounting services, please fill out the contact form below.
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Packaging

These days, two looming threats hang over this sector. First, climate change and pollution are a massive issue that can affect the way we process raw materials for packaging. Consumers are much more attuned to how their products are handled, which means that packaging companieshave to stay on top of emerging trends to both satisfy consumer needs while also being financially viable.

The second issue plaguing this industry is resource scarcity. There are only so many raw materials available, which means that prices can fluctuate wildly. Even with globalization helping to ease trade and allow companies to do business more efficiently, there are still plenty of problems that can arise.

At Thomas Ross Financial, we understand the issues that you face, and we will work with you to overcome them. Our expert team is here to provide you with the support and knowledge that you need to push past your challenges and thrive as a business.

Along with our standard accounting and financial services, we can assist you with tax and tariff regulations, labor management, risk management, supply chain management, and cost/benefit analysis. We can also provide you with insight into different trends across markets so that you can stay one step ahead of the competition.

Our primary goal is to help you succeed. Let us focus on the details so that you can focus on what matters: creating and implementing an excellent packaging strategy. Trust in Thomas Ross Financial.

Healthcare

Accounting Services for Healthcare Providers

Healthcare is complicated, and, as you may have discovered, it takes much more than medical or healthcare industry expertise to build and maintain a successful medical practice. Fortunately, our team of experienced CPAs and accounting professionals is here to help. Not only will we work with you to strengthen your accounting procedures and processes to manage your business more effectively, but we also help you improve your bottom line by reducing operational costs and identify opportunities to build your healthcare practice.

Here’s what else we do for you:

  • Payroll processing
  • Financial reporting and monthly/quarterly statements including profit and loss
  • Tax preparation services
  • Tax planning
  • Cash flow and budgeting analysis
  • Audits, compilations, and reviews
  • Starting a new practice including entity selection

Our Healthcare Clients include:

  • Outpatient medical facilities
  • Physical Therapists
  • Medical doctors (group practice or solo practitioner)
  • Pharmacies
  • Podiatrists
  • Optometrists
  • Chiropractors
  • Long-term care facilities
  • Medical-related businesses

Leave the accounting to us.

Our specialized knowledge of the healthcare industry has helped numerous medical practices thrive, and we’re ready to help you. Why not let us take care of your healthcare accounting needs so you can focus on taking care of your patients?
If you’d like to learn more about our healthcare accounting services, simply fill out the contact form below. It’s that easy!

Financial Services and Asset Management

Whether you provide insurance for businesses, individuals, homes or lives, there are a lot of challenges facing this sector. An aging population, growth that is moving slower than expected and disruptive technologies are all part of the process when managing and growing your firm.

At Thomas Ross Financial, we understand the insurance industry. We also know how it is changing across various markets, which means that we can assist you in a variety of ways. We know that healthcare and risk management are the two crucial components for any insurance firm, given that they are facing the most changes recently.

As the world continues to evolve, insurance has to stay on top of it to remain viable. Our team of dedicated experts is here to provide the support and insight you need to take your firm into the next decade. We will work closely with you to ensure that you are getting the knowledge and assistance that you deserve.

Risk management, financial reporting, regulation compliance, and consultation are just a few of the services that we offer. Along with our standard accounting and financial practices, we have a wide variety of specialties that can enable your firm to thrive in the coming years. Let us focus on the details so that you can focus on what matters. Trust in Thomas Ross Financial.

Contact Us Today

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