Income Tax, Bookkeeping and Accounting Services

Charles Coker, CPA ~ Our goal is to make your life less taxing!

Realtors - Property Managers - Construction Contractors
 

We can provide a variety of services for Realtors, Property Managers, and Construction Contractors:


For Realtors, we can help your prospective buyer get caught up on prior year tax returns so that they qualify for that new loan.  We can also assist your first time home buyers to benefit from all their new itemized tax deductions.


Selling houses as a Realtor is a self-employed business, and we can help you keep track of your income and expenses, prepare your business tax return, and provide self-employed retirement planning.


For new homeowners, we can insure that they get all the new deductions allowed on their income taxes, such as real estate taxes, mortgage interest, and points.


Property Managers, whether you own 1 property or 20, need to also keep track of income and expenses (including depreciation) by property.  Our years of experience in property management bookkeeping and income tax preparation can help you better track your cash flow and net profit for each property, and in total.


Construction Companies - residential or commercial or government contractors - all need help with project management, bookkeeping, work in progress schedules, and financial statements for insurance and bonding.  And if you're a government contractor, we can assist with calculating overhead rates, developing  proposals, submittals, invoicing and more.


For Commercial Condominium Management Firms, we can provide professional accounting services designed to assist your management team, and the Associations' boards you serve.


We have over 30 years of experience working with the Realtors, Property Managers, and Construction Contractors, helping management and owners with:

  • Tax Preparation - Federal, State, Local
  • Assist with Loan / Financing applications
  • Analyze loans, cash flow and provide capital management advice
  • Monthly or Quarterly Bookkeeping Services
  • Financial Statements for Banks, Bond or Insurance Companies
  • Lease / Buy / Sell Decisions
  • Financial planning and management consulting
  • Like-Kind-Exchanges
  • Develop tax planning strategies

      

  Contact us today to learn more about how we can make your life less taxing!


 
Coker CPA helping grow your Property Management Profits!


Useful information for Realtors and their clients for 2016: 

Document
FAQ for Realtors and their Clients - 2016




4 Tips to protect Community Association Funds when hiring a Property Management Firm:
 
1. When you hire a property managment company, make sure it is licensed, bonded, and insured.
 
2. The Community Association should keep control of the funds, requiring a board co-signature on large payments, and only allowing routine payments below a certain dollar amount.  Reserve accounts (which should be in a seperate bank account from operational funds) should only be in the name of the community association, and only board members should be allowed to sign checks or transfer these reserve funds.
 
3. Request a monthly financial status report from your property management company.
 
4. The Community Association board should hire a CPA to perform a full audit or review every year of the books - the CPA making their report directly to the board of the community association.
 
The board of the Community Association is responsible for the security of the association funds, and implementing these tips is a good place to start to protect those funds.

Community Association Tips for Hiring a Property Management Firm