Miller & Company LLP

The services you receive from your personal CPAs at Miller & Company are customized to your specific needs. Accountant services are nothing to take for granted — from your personal finances to your business interests. Your accountants should remain loyal to your interests at every turn. With the right combination of creative ideas and constant vigilance, your wealth is more secure with best rated first class accountants at Miller & Company LLP. You need a wide range of accounting services to run a finely tuned organization. Similarly, your personal wealth demands steadfast attention to detail, as well as continued adjustments to maintain your vision and financial growth. The only way to skillfully navigate the complex and changing world of taxes and wealth building in America is to develop a solid foundation. That’s exactly what you get with a highly skilled and top-rated accounting firm on your side.

The real estate industry encompasses a wide spectrum of professions that rely on the expertise of certified public accountant (CPA) firms specializing in real estate transactions. Real estate CPAs provide the complex financial services that keep your business flowing, help you maximize your profits at every turn and supply you with the means to meet all your financial obligations. A top accounting firm in New York City, Washington DC and Sarasota, FL, Miller & Company, LLP provides extensive, thorough real estate accounting services for everyone who plays a role in the industry, including: Investors Developers Property management companies General contractors Construction companies Realtors Inspectors Appraisers Marketing firms that specialize in real estate Architects Count on the guidance and services of an experienced real estate accountant for every sector of the industry, from residential, industrial and commercial real estate to homeowner associations and condominium properties.

Real estate investors, as well as owners of rental properties or commercial properties, have complex tax liabilities, since as a rule, investors never live in their investments — one of the primary qualifications for eliminating the capital gains tax when they sell their properties. If you’re involved in real estate in this way, you may hire a property management firm to run the day-to-day operations at the properties. You should also consider another specialist: a rental and commercial property accounting team. Whether you have one property to manage or many, you may not have time to effectively manage all the special accounting requirements of your industry. Investment and rental properties may include: Commercial buildings Industrial spaces Office buildings Mixed use developments Shopping centers and other retail properties Apartment buildings

A homeowners’ association (HOA), a condominium association and other common-cause realty-based organizations have a responsibility to the community of members to manage the collected funds efficiently and protect the owners’ real estate investments in their properties. Considering HOA board members are usually volunteers from member households, there’s often very little professional expertise in finance between them. That’s the main reason for seeking out an HOA accounting firm: to add knowledge and experience to support the board. By hiring a certified public accountant (CPA) for property management, board members unburden themselves of the nitty-gritty bookkeeping and financial planning tasks. With the appropriate level of oversight, HOA and condo association boards gain an experienced ally and a financial partner.

How you maintain the flow of your financial resources in a construction business is every bit as critical as monitoring the workflow on each project. In fact, you could make an argument that it’s more important, as money management enables the work schedule to continue apace. That’s why you have to rely on a construction accountant who: Gets to know your company intimately Understands the fluidity of your industry and how construction accounting varies from accounting for other brick-and-mortar and service industries Keeps up with government regulations that affect everything from team construction payroll and tax withholding laws to construction audits Sets up internal processes to track assets moving in and out of your company to assure profitability Adopts the most up-to-date and appropriate construction software for your needs Stays in close contact with your staff to maintain open and regular communication, which ensures that everyone is on the same page and using best practices

The U.S. Congress passed the Foreign Investment in Real Property Tax Act (FIRPTA) in 1980 to tax foreigner’s profits from the income resulting from the sale of any real estate or other real property held in the United States. If you’re a foreign national and you sell your interest in a property in the United States, the FIRPTA tax subjects you to a 15 percent withholding tax of the value of the property, even if you sold it at a loss. You must deposit the withholding amount with the U.S. Internal Revenue Service (IRS) within 20 days of the sale closing. The IRS withholds the tax as a deposit until you file your U.S. income tax returns, which must be by the following April 15. If the amount withheld is greater than the tax you owe, they refund the difference to you. If the amount withheld is less than the actual tax, you must pay the balance when you file your return. Like much of the U.S. tax code, this law can be confusing and open to some interpretation.

Common Interest Realty Associations, also known as CIRAs, are complex legal and financial entities. Condo financial management can be a challenging endeavor, and more CIRA administrators are choosing professional CIRA accounting services than ever before. If you're the administrator of a realty company with a multi-family property association, a CIRA audit performed by a qualified and reputable certified public accounting firm, experienced in real estate accounting can help keep your finances in order. When choosing a firm to perform a CIRA audit, only select the top specialists available. The certified public accountants (CPAs) at Miller & Company, LLP have the expertise you need for your CIRA accounting services. Experience the difference a proactive CIRA accounting professional can make for your organization.

Gift tax laws are complicated for all taxpayers — nonresident aliens are no exceptions. In fact, nonresident aliens face several circumstances that provide both challenges and opportunities for them. For example, multiple exemptions to the gift tax for a non-US citizen exist for those who are familiar with the law. The information presented here is up to date as of 2020, considering the most recent adjustments to the gift tax for resident aliens. If the landscape still appears murky, consult an expert in the field. Miller & Company, LLP is a top-rated accounting firm in NYC with offices in Queens, Manhattan, Washington DC, and Sarasota, FL. Their multilingual staff specializes in international tax law.