|
Real Estate & Construction Industries
Our clients include the region's largest
real estate developers/property managers and well-known construction companies.
These industries are among our specialties.
We can assist you in getting into projects on the most favorable terms, provide you with the means to attract good investors, help you successfully acquire, finance, hold and manage property, and help you terminate your involvement on the best terms possible when the time is right.
We can also assist in
examining leases, preparing tax and cash flow projections, structuring
leasehold improvements, maximizing depreciation deductions, analyzing the impact of complex passive
activity rules, reviewing tax free exchanges and other proposed
arrangements to determine their value to our clients.
We also assist our construction clients with their industry-specific needs including percentage of completion and lookback interest calculations as well as preparation of financial statements as required by bonding companies and lending institutions.
Business Consulting
At DiMarco, Abiusi & Pascarella CPA's, P.C., we provide more than traditional accounting and tax compliance services. We also serve as our client's primary source of financial, business and tax planning.
Buying or selling an existing business
requires proper planning to ensure its success. Whether accounting
systems, payroll or sales tax issues, business valuations, or
choice of entity (corporation, partnership, limited liability company,
or sole proprietorship), our professionals can guide entrepreneurs
to make the right decisions for their particular enterprise.
We can guide clients through structuring a purchase or a sale
to minimize tax consequences and maximize cash flow potential.
The client can also make a connection through us to other qualified
experts, such as attorneys, insurance agents, bankers and stock
brokers.
Operating a successful business requires continual planning. We provide support and expertise in complex payroll tax issues, sales tax issues, employee benefit plans, income tax planning and reviewing and suggesting improvements in operating practices as well as accounting procedures and controls.
Government Funded/Insured Projects
Auditing government funded or insured
projects is a highly specialized area of accounting involving
many complex rules and regulations. Our firm has developed the
skills, resources, personnel and technical expertise required
for this specialty area.
Having provided this service to several of the area’s largest real estate developers for such a long period of time, we have gained a strong working knowledge of Government Auditing Standards issued by the Comptroller General of the United States, Consolidated Audit Guide For Audits of HUD Programs issued by the U.S. Department of Housing and Urban Development, audit requirements of the U.S. Department of Agriculture Rural Development, OMB Circular A-128 (Audits of State and Local Governments') as well as OMB Circular A-133 (Audits of Not For Profit Corporations).
We provide to management the services necessary to comply with all government requirements for government funded or assisted programs. As part of our service we provide advice and assistance to clients as to the means of improving internal controls, management controls, operating controls, and policies and revenue enhancement or cost reduction ideas.
In addition to the above, our firm has developed a proficiency in assisting clients in the syndication of their real estate developments as well as attracting new investors. This may include the preparation of financial forecasts or assistance in the preparation of syndication packages. Since many projects are eligible for favorable tax benefits in the form of low income housing credits, our firm has developed and expertise in this area.
Financial Statement Preparation
We offer a wide range of compliance
services, including audited, reviewed or compiled financial statements, as well as personal financial statements for many of our clients.
Our accountants are experienced and highly professional and have
the resources to deliver the required services in a timely manner.
We have a broad range of experience in different industries,
including both for-profit and not-for-profit organizations.
Doctors And Medical Groups
At DiMarco, Abiusi & Pascarella CPA’s, P.C., we have developed an area of expertise in the specialized area of medical groups, as well as individual doctors. Our clients include groups in various fields of medicine, individual doctors, dentists and veterinary practices.
We can provide assistance relative to accounting systems, retirement plans and tax planning of individuals in the medical profession.
Starting A New Business
At DiMarco, Abiusi & Pascarella CPA’s, P.C., we offer services to businesses that are just starting out, such as business plan development, setting up an accounting system, computer software selection and implementation, payroll services, choice of entity (corporation, partnership, LLC, or sole proprietorship), etc. We provide professional help in areas debt and equity financing, help coordinate working relationships with attorneys, banks, insurance agents and other professionals.
No new business plans to fail, but many do fail to plan. Proper business planning is essential for the success of any new enterprise.
As your business continues to grow, our professionals can work with you to help you achieve your business and financial objectives. Far more that an accounting firm, DiMarco, Abuisi, & Pascarella CPA’s, P.C. is a complete resource to building your business’s successful future.
Tax Return Preparation
Preparing tax returns- corporate, partnership,
individual, gifts, not-for-profits, estates and trusts - in a timely and accurate
manner is a great strength of our firm.
Using state-of-the-art tax software, our seasoned staff of professionals can guide you through the ever-expanding complex maze of the Internal Revenue Code, including:
- Alternative Minimum tax
- Passive Activity Loss rules
- Tax credits and deductions
- New capital gain rules
- New IRA rules
- Changes in rules pertaining to sales of principal residences
- New tax rules and credits affecting education planning
But this is only the
beginning. We assist our client's in tax planning to minimize their
taxes, while remaining in compliance with federal and state tax
laws.
As one of the regions most trusted and respected accounting firms, we've been helping clients reduce their taxes for over 40 years.
Estate Planning
Estate taxes can consume more than half
of your assets, and even a relatively small estate can suffer
the consequences of failing to plan well. Our firm provides expert
service in developing and implementing strategies that minimize
estate and gift taxes and preserve the wealth of an individual
or family, and smoothly transfer businesses and other assets to
the next generation of owners.
Succession planning for family businesses
is an important part of estate planning. We provide expertise,
focusing on the needs of the retiring owner and his or her successors,
as well as the continuing needs of the business operations.
Trust services are another byproduct
of the estate planning process. Our firm handles a high volume
of complex trust matters and is considered experts in this area. We can assist families and their legal advisors in setting up any type of trust that suits their needs.
Personal Financial Planning
Taxes impact many areas of a person’s financial affairs, including marriage, divorce, property settlements, children, relocations, investments, retiring and dying. What these events cost you can vary greatly depending on how well you plan. Our professional staff can assist you in this planning process to minimize your taxes using our experience and state-of-the-art software.
But taxes are only one part of our clients’ financial picture. Whether you are a business setting up a retirement plan or an individual planning for retirement or your children’s education, our staff can guide you through the process. Financial planning, business succession planning and estate planning are also areas which need practical, objective guidance, in which our staff has expertise.
Tax Controversies
A notice from a federal or state taxing authority can be intimidating. Whether a simple explanation is requested about a particular issue or a comprehensive compliance audit by the IRS is at hand, we can assist in resolving any controversies, which may arise.
At DiMarco, Abiusi & Pascarella CPA’s, P.C., we are experienced in dealing with the taxing authorities (Internal Revenue Service, Social Security Administration, state government, etc.) and can provide you with the effective representation you require.
|