Services

TASSI and Company’s full suite of accounting, tax and financial consulting services can help you navigate your next project while giving you peace of mind that comes from decades of experience.

Outsourced Accounting

TASSI and Company provides full outsourced accounting services to the real estate industry. With a committed partner and state-of-the-art technology that prioritizes transparency, outsourced accounting is a great option for companies that want to grow, increase productivity and manage costs.

Reduce Costs
Outsourcing key accounting functions eliminates burdensome overhead that comes with maintaining a full-time accounting department. Clients do not incur the time and expense of hiring and training, freeing up financial assets to grow their businesses. Our clients appreciate the flexibility that comes from choosing the financial services that fit their needs and budget. From bookkeeper through senior accounting and finance executive, our team is available to provide expert support where you need it most.

 

Improve Reporting & Controls
Increase the accuracy and availability of financial information without maintaining and upgrading expensive industry software systems. Our team utilizes the latest industry software to strengthen internal control procedures, ensure accuracy and compliance, and give you access to your secure data anytime, anywhere.

 

Add Breadth & Depth
When you add industry-leading accounting and tax professionals to your team at the level of your choice, you enhance your capabilities without disrupting your business model. Whether we’re client-facing or behind the scenes, our partnership expands both your depth and breadth of expertise. 

Property Management & Development Accounting

To be successful in our current economic environment, real estate developers and management companies need more than hard work. They need the right support. Not only are today’s projects under more financial and regulatory scrutiny than ever before, but the accounting and compliance landscapes evolve almost daily.

  • Financial statement preparation
  • General ledger maintenance
  • Accounts receivable and payable processing
  • Lease administration, including tenant billing and collections
  • Compute annual tenant operating expense reconciliations (CAM)
  • Monthly bank reconciliations
  • Balance sheet account reconciliations
  • Budget preparation
  • Budget variance reporting
  • Depreciation and amortization expense maintenance
  • Asset purchase and sale analysis and entries
  • Cash flow projections
  • Cash management services
  • Process monthly construction draws and interaction with lenders for timely submission
  • Software implementation including training and procedure write up

Fund & Partnership Accounting

TASSI and Company provides fund and partnership accounting services for institutional and private equity funds with real estate investments in platforms with a national presence. We help entrepreneurial sponsors, fund advisors and general partners meet the finance, reporting and compliance requirements of their institutional investors.

  • Monthly Accounting
    • Traditional Venture Fund-Level Consolidated Financial Statements
    • Asset-based accounting
    • Produce Schedules of Investments
    • Prepare and deliver monthly/quarterly investor financials, management-specific reporting, partner capital statements, and net asset value (NAV) statements
  • Deal Management
    • Implement/manage process to vet prospective investments
    • Diligence process tracking for prospective deals
  • Partner Relations
    • Create, update, and manage partnership waterfalls 
    • Determine/manage capital calls
    • Determine/manage distributions
    • Implement/manage partner reporting portal
    • Maintain and deliver investor records via client portal (correspondences and fund-level communications, including capital call and distribution letters)
  • Additional Accounting Support
    • Annual financial audit preparation/management
    • Property fair valuation 
    • Review of the property operating financial statements
    • Monitor and calculate asset management fees
    • Budgeting and forecasting
    • Customized Reporting
    • Debt Covenant Calculations and Compliance Reporting
    • Comprehensive Financial and Investor Reporting
    • Compliance with National Council of Real Estate Investment Fiduciaries (NCREIF) Pension Real Estate Association (PREA) Reporting Standards, including fair value reporting requirements

Tax Services

Achieving current tax savings and planning to reduce future tax liabilities are universal financial goals, which is why tax service is a cornerstone of our practice. Our proactive approach ensures tax planning is a critical, ongoing part of your annual business strategy, not an end-of-year activity. Our commitment to thoroughly understanding your tax data enables us to deploy innovative tax solutions that meet your precise financial objectives.

  • Preparation of partnership, corporate, Individual and related income tax return filings
  • State and local tax expertise
  • Tax structuring and transaction assistance
  • Asset purchase and sale analysis
  • Like kind exchange structuring
  • Tax planning and research
  • Representation before the IRS, state and local taxing authorities
  • Real estate transactions structure 
  • Depreciation studies

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