Real Estate Accounting - Cornwell Jackson

Entrepreneurial thinking, local and international network of resources, and a comprehensive understanding of the Real Estate accounting industry.

Choosing the best Real Estate CPA firm that offers industry knowledge to help address your most pressing concerns and realize opportunities is critical to your businesses’ success. At Cornwell Jackson, we combine entrepreneurial thinking, local and international network of resources, and a comprehensive understanding of the Real Estate industry with over 30 years’ experience in the industry to provide each of our Real Estate specific clients with results driven service.

Our goal is to be an advocate for your success. Our Dallas Real Estate accounting team will partner with you to examine your businesses current practices to maximize potential and ensure sound transactions moving forward. We understand the intricacies of the real estate industry. We’ve lived in your shoes. We know your pains and your triumphs. We can help you build your dream. We’ll walk your business life with you.

Knowledge Base - Real Estate Accounting Articles

2018 Executive Pulse Survey Report

We’re very pleased to publish our first ever Executive Pulse Survey and Report. The survey, which was conducted exclusively in the Dallas Fort Worth area, targets executives in the Construction, Energy, Manufacturing and Distribution, Professional Services, and Real Estate industries. The Pulse Survey is designed to explore the opinions of DFW-based executives on a wide range of topics and trends that impact how businesses and organizations operate. It is also intended to provide information regarding their peers’ thinking across a variety of industries and topics.

The survey was developed by our firm in collaboration with our sponsors Richard P. Slaughter Associates, Comerica Bank, Scheef & Stone, and Insperity. The survey and report would not have been possible to produce without our sponsor and participant support. We hope you find the report useful and insightful.

To download the report, click here: The 2018 Executive Pulse Survey

Are You Ready for MOR? Affordable Housing Audit Tips to Meet HUD Standards

Over the past eight years and now into the era of the new Republican White House, scrutiny on affordable housing developers, owners and management companies has increased. Whether the reasons are to root out abuses of Section 8 funding or to justify cutting the US Housing and Urban Development budget, politics have put pressure on HUD inspectors to increase their review of funding recipients. Based on a recent presentation we attended on the return of the HUD Management & Occupancy Review (MOR), we outline ways that owners and managers of HUD-funded properties can prepare for a potential MOR.

Download the Whitepaper here: Are You Ready for MOR? Affordable Housing Audit Tips to Meet HUD Standards

The New Deal of Dallas Real Estate: Low Debt, High Flexibility, and More Digital Could Extend Positive Cycles

Real estate developers and investors are embracing a very different reality in a Post-Recession economy. Trends in tiny homes and virtual offices point to an assumption that bigger and grander is no longer better. The same goes for financing. In the new deal of real estate, we anticipate a continued conservative approach to financing of real estate from both lending and private equity. We also project continued influence by end users on the size, type and location of future real estate development. Or should we say, redevelopment? All of this change bodes well for reducing volatility and extending positive cycles of growth, and with it a longer view on profits.

Download the article here: The New Deal of Dallas Real Estate: Low Debt, High Flexibility, and More Digital Could Extend Positive Cycles

Recent Real Estate Accounting Blog Posts:

How to Combine Home Sale Gain Exclusion with a Like-Kind Exchange

Over the years, real estate has proven to be a lucrative investment for many households. And, in some parts of the country, current market values have surpassed levels seen prior to the 2008 financial crisis. If your principal residence has appreciated significantly in value, you may be subject to capital gains tax when it’s sold. If Continue Reading →

How the New Tax Law Affects Rental Real Estate Owners

Do you own residential or commercial rental real estate? The New Tax Law – Tax Cuts and Jobs Act (TCJA) brings several important changes that owners of rental properties should understand. In general, rental property owners will enjoy lower ordinary income tax rates and other favorable changes to the tax brackets for 2018 through 2025. In addition, the Continue Reading →

Stretch Out Real Estate Tax Benefits

Let’s say you own a C corporation that needs to raise some cash and you’re considering the sale of a warehouse that has been depreciated to zero. But the company still uses the warehouse and doesn’t want to lose control of it. Think about entering into a sale-lease transaction. You buy the warehouse personally and then lease it Continue Reading →