Chicago Accounting Articles
Aug 10, 2015
August 8, 2015 Developer Tax Preparation Chicago Illinois A couple of months after the real estate recession hit in 2008, a developer burst into my offices unannounced. I’ve known this guy for years. He’s a fixture in our local community....
Aug 7, 2015
August 7, 2015 Developers and Landlords have very specific and specialized accounting needs. Something like fifteen years ago, I picked up my first larger Landlord / Developer as a client. He had not filed an income tax return in three years. Property...
Feb 28, 2013
Updated July 27, 2015 Landlord Developer Security Deposit Accounting Chicago Illinois Security deposits can be very tricky. The most common mistake made is the improper handling of these trust accounts. As you may know, in many cases there are distinct...
Feb 28, 2013
Updated July 27, 2015 Landlord Developer Split Deductions Between Buildings in Chicago Illinois This can be a real difficulty in the real estate management industry. Let’s illustrate this using an example. You manage 300 units spread between...
Feb 28, 2013
Updated July 27, 2015 Unfiled Unpaid Payroll Tax for Landlord Developer Chicago Illinois One of the major reasons that Landlords and Developers get shut down in the United States is the failure to file and pay payroll taxes. This mistake is more common...
