Commercial Accountants for Real Estate - Agents & Project
Ascendia's multi-disciplinary team of commercial accountants offer a range of real estate accounting services & work closely with our legal team. You'll find our Ascendia offices in Maroochydore and Noosa on the Sunshine Coast, and in North Lakes, just off the highway in North Brisbane.
Commercial Accounting & Legal Matters Of Most Importance for Real Estate Agents
We have found that management of working capital reserves and cash flow has been the most important aspect of a Real Estate's business success; followed closely by overhead costs management and building in flexibility in cost structures.
As a result we find real estate agents who use our services have greatly valued our tax estimate and cash flow estimating service.
Services Especially Useful For Real Estate Agents
We have provided Purchase / Financial Verification services to Agents who have purchased rental books. This has been a common strategy of Agents keen to diversify their revenue base to assist them to maintain cost bases including their offices rental and personal remuneration - especially during slower property sale periods.
We have also undertaken "Profit & Loss For Sale / Valuation" Reporting services for large real estate agents looking to sell - to be able to provide verified P&L for sale reports to prospective buyers of the agency. Some Agencies are not selling outright - just needing valuation to enable them to bring in equity partners as part of their succession and business continuity program.
We understand the importance of confidentiality in such matters.
We have also provided Tax advice and Estimates On Sale to clients operating property management businesses (which meet the business activity tests) as well as passive property owners / investors - on their tax situation in the event of sale.
This can assist an agent to arrive at a price at which a seller will agree to sell their property - whether they are owners of commercial or residential property. If the tax is lower than they expect - the owner may accept a more realistic price. Some Agents refer their sellers to our commercial accountants to get an estimate of tax prior to listing to assist them to agree on a listing price.
Our Commercial accounting team also works with our legal team to assist you to identify and use the business structure that is most appropriate for you allowing for asset protection and also allows you the full benefit of limited liability against creditors - if this is most important to you.
We also have commercial conveyancing solicitors who are able to provide transparent conveyancing services. They can appropriately report to you about any contracts which you are an agent for.