Real Estate advisory

Real Estates advisory

Our many years of experience and significant references help us to make our company one of the leaders in the field of providing outsourcing services for real estate investors.

 

 

 

 

Within Real Estate advisory we focus on:

• Real Estate Funds
• RE Developers
• Engineering & Construction Companies
• Project Companies

We provide our clients with a wide range of services in following areas, which vary relating to the stage of client’s activity:

1. Corporate advisory

• Company establishment
• Provision of a registered seat of the company
• Examination of contracts from the legal, tax and accounting aspect
• Elaboration of labour and other contracts and agreements
• Legal services by assignment of real estate property or its part to the end buyers
• Transfer of business shares of the project company
• Liquidation of the company

2. Tax advisory

• Tax optimization
• Tax and financial due diligence
• Suggestion of optimal structure and form of the sale of the company
• Tax advisory (real estate tax, electrical energy tax, etc.)
• Outsourcing and optimization of the income tax
• Providing of regular tax compliance during the company’s activity
• Representation of the client before the Tax Office

3. Accounting advisory

• Accounting advisory (activation of the building into assets, examination of the activation of assets from the accounting and tax aspect)
• Outsourcing of the accountancy
• Processing of VAT returns
• Registration of employees to relevant authorities
• Processing of company’s payroll agenda and providing consulting within payroll issues
• Representation of the client before the Social and Health Insurance Companies

Our target group in RE are also the companies, which have their branches in more countries in Central and Eastern Europe. We would like to point out some of the advantages, which our clients can benefit from:

• One partner – project manager, who takes care of the client in a centralized way
• International tax planning and optimization
• Provision of unified reporting for all countries
• Processing of accountancy and reporting according to IFRS
• Consultancy by setting of the effective accounting and financial processes in the company
• Setting of the document flow management and approval of invoices

Unique system of cooperation for RE companies

Based on extensive experience, we have designed a unique system of accounting outsourcing that helps our clients to efficiently manage their investment and have access to current financial data of the entity anytime and from anywhere – starting with individual buildings (investments) through various countries up to the group as a unit.

We use the Microsoft Dynamics NAV system for outsourcing of accounting; this allows us to set up the form of cooperation with the investor precisely according to his/her requirements. Some of the biggest advantages of the Microsoft Dynamics NAV system are as follows:

• 24 hours a day, 7 days a week access to the accounting data and information of the group and its investments practically from any internet connection
• the possibility of working with reports for individual buildings up to reports for the group as a unit
• the possibility of exact tailoring of access rights for individual users; this will limit the access of each user to information that has been designated by the client in advance and allocated to the given position
• the possibility to allow individuals to work actively in the system, e.g. the estate managerial company will be able to actively issue invoices in the system, generate and print reminders, etc.
• the possibility of using the professional Microsoft Dynamics NAV system under very beneficial terms without the need to purchase licenses in individual countries – licenses are the property and cost of the accace company
• Microsoft Dynamics NAV operates in various languages and each user may work in the language of his/her choice

In this way, the system of cooperation can take various forms. We would like to introduce to you a tried and tested form that we apply with many our clients with minor variations on the following example.

Model System of Cooperation

The real estate business is mostly based on the efficient interconnection and cooperation of three partners:

1. Investor
2. Property Manager
3. Accountant

Our system of cooperation efficiently molds the partners into one unit in order to make the path of all individual processes clear and simple, eliminate duplicate work and provide the investor with 100% current financial data regarding his/her investments at any moment.

Pic. 1: Three partners united through Microsoft Dynamics

The cooperation model in the Microsoft Dynamics system works as follows:

1. accace:

• the system is set at the beginning of the cooperation according to the requirements of the investor (establishing of the accounting structure, reporting, cost centers and others)
• it subsequently provides for the accounting processing according to the exact deadlines of the regular updating of financial data agreed upon with the investor
• it prepares all required materials and financial reports for the investor that are necessary for current overview regarding investment
• it supervises the correctness of the data entered into the system by the property manager
• it provides for training of the investor’s financial management and the property manager’s representatives
• it takes comprehensive care of tax obligations connected with the individual investments
• it solves any requirements of the investor

2. Property Manager:

• will obtain limited access into the system that allows him/her to:

• issue invoices for the individual lessees
• check the current balance of lessees and suppliers anytime
• automatically generate, print and mail reminders and penalties in connection with claims past due date
• monitor and supervise in detail individual types of costs within the framework of managed property and within the framework of its individual sections

3. The Investor:

• will obtain special access that allows him/her to:
• check the current financial reports of the individual investments anytime
• generate any financial reports that are helpful in the decision-making process
• monitor the efficiency of the investment and take necessary measures on time

If you would like to find out more about this service, please, feel free to contact us. We will gladly answer all your questions and prepare a more detailed presentation of possibilities for cooperation.