Chicago Accounting Articles
Feb 28, 2013
Updated July 27, 2015 Landlord Developer Unfiled Income Tax and Compliance Issues Chicago Illinois Compliance in the property businesses is essential. Generally, one of the reasons why new clients would come to a recommended small business accounting...
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...
Feb 28, 2013
Repair expenses vs. capitalized costs in landlord and developer accounting One of the most difficult items in handling accounting work for property landlords and developers is the consistent problem of what is a repair, and what is a capital improvement. From the...