Industries

Investment Funds

Our clients range from start-ups to well-established funds, and our expertise and suite of services allow us to assist funds throughout each phase of their growth or lifecycle.

For funds that may be at the early stages and need assistance in forming a new fund, we have been instrumental in guiding them through the formation phase. We work directly with the funds’ attorneys to create a structure that will maximize tax benefits and promote the efficient operation of the entity.

For established funds, we conduct financial statement audits and perform in-depth operational audits from a system analysis viewpoint on a recurring basis.

Services Include:

Audit and Assurance Services

• Financial statement audits of real estate investment funds in accordance with GAAP and the Investment Company Guide
• Financial statement audits in accordance with an income tax basis
• Audits of investee companies

Accounting Consulting Services

• Review and evaluate internal control environment of the management company and of the fund
• Technical accounting consultations, including reporting requirements

Tax Compliance Services

• Prepare federal, state, and local partnership tax returns of the fund and the underlying investments
• Prepare K-1’s
• Foreign tax compliance
• Tax Consulting Services
• Assist with tax-efficient structuring of the fund
• Assist with acquisition and disposition of investments
• Operational due diligence
• Mergers of funds
• Tax planning
• Cost segregation studies

Back Office Services and Special Procedures

In addition to our traditional role as auditors and tax compliance specialists, we offer a full range of services designed to assist in back-office administration for real estate funds. Through the use of proprietary software, customized for each client, we provide streamlined reports on the performance of investments and the allocation of income to the members of different tiers.