Business advisory services

To achieve success in the real estate industry, you have to survive the ebbs and flows of the economy. At Watkins Meegan, we’ve watched the region’s real estate market expand and contract over the last 30+ years. We know that a downturn can impact financing opportunities and lease rates. We’re also aware that an economic boom can result in escalating property taxes that eat into your profits.

Thanks to our intricate knowledge of the real estate industry, as well as our accounting expertise, we’re able to help real estate businesses navigate the challenges that come with a changing economy. Since 1975, we’ve helped real estate clients reach their business goals – whether that means reducing their tax burden, purchasing new properties or establishing a business succession plan.

Examples of our real estate consulting services include:

• Income tax planning and compliance
• Business succession planning
• Wealth management
• Estate and trust planning
• Asset management
• Outsourced accounting services
• Operating income projections
• Pro-forma statements
• Business valuations
• Business and property negotiations
• Loan and financing package preparation
• Business structuring consulting and evaluation
• Distressed assets

Cost segregation studies
Watkins Meegan also specializes in cost segregation studies, which provide significant tax-savings opportunities for real estate and construction clients. For example, building depreciation ranges from 27.5 years to 39 years depending on whether a property is residential or commercial. A cost segregation study can accelerate that depreciation by allocating costs to assets with shorter tax-depreciable lives, such as equipment, furniture and land improvements.