Real Estate

GHP Horwath's professionals provide accounting and tax consulting to real estate owners, developers, contractors, architects, engineers, and their counsel. Our professionals include Certified Public Accountants, Certified Valuation Analysts, Accredited Business Valuators, and Personal Financial Specialists with backgrounds in accounting, finance, economics, and valuation. Their various backgrounds, coupled with their depth of experience, make our professionals uniquely qualified to address the economic and financial issues surrounding the real estate and construction industry. In addition, GHP Horwath professionals remain current in the latest developments in accounting standards and tax laws.

Tax Practice
The GHP Horwath tax practice has extensive expertise in the real estate industry and in assisting high net worth individuals with their real estate needs. Our services by category include:

Acquisitions

• Tax planning for acquisitions
• Entity selection for real estate purchases
• Allocation of purchase price to maximize depreciation deductions

Holding

• Tax preparation
• Tax planning
• Passive loss planning
• Structuring debt to maximize interest deductions
• Conservation easements
• Other tax saving techniques
• Residential real estate and commercial real estate

Dispositions

• Tax planning to minimize taxable gains
• Structuring
• §1031 exchanges
• Installment sales
• Sale of principle residence maximizing the capital gain exclusion
• Other tax deferral techniques

Audit Practice
The GHP Horwath audit practice has extensive experience working with a variety of clients in the real estate and hospitality industries. Our services include:

Acquisitions

• Acquisition of hotels
• Due diligence

Internal Audit

• Review and test the soundness, adequacy, and application of accounting, financial and operational controls
• Ascertain the extent to which the client's assets are accounted for and safeguard from losses
• Asses the reliability, usefulness and timeliness of information provided to management of the company
• Review and test compliance with established company policies, approved procedures and statutory requirements
• Based on our review procedures and test work, we will make recommendations to management for improvement to procedures, controls and systems

External Audit

• Assist the client's accounting department with preparation of audit schedules, consolidation working papers and footnote disclosures, and special projects that the client may require, or provide assistance in areas where the client's resources are limited or not available
• Research accounting and auditing issues that can be provided to the external auditors to support transactions
• Perform hotel site visits

GHP Horwath works with builders, financiers, and management companies of both commercial and residential developments. In addition to work we have completed for hotels, our staff has also done work for hotel holding companies and other related entities.