Accounting - , California, United States
Jim Azling, CPA, spent 10 years in public accounting with KPMG. In 1997, Jim left KMPG to form his own accounting and tax firm.The primary focus of Azling & Associates is working with real estate investors. Individuals, partnerships, corporations or complex ownership structure.Jim's firm provides accounting, financial reporting and tax services. Accounting and financial reporting services include preparation of financial statements, investor reporting, budgets, and projections. Additional accounting services include evaluation of financial reporting and internal controls, preparing schedules for external auditors and reports for lenders. Tax services include planning to minimize tax liabilities, return preparation, and client representation before tax authorities. Additional tax services include tax basis calculations and strategic planning of partnership distributions to minimize capital gain recognition. We are experienced at preparing returns for individuals, partnerships, LLC's and corporations (both C and S). Our real estate clients include, commercial and residential building owners, property managers and construction companies. We have served entities with complex ownership structures that utilize general partnerships, joint ventures, trusts and corporations. We understand the importance of tracking both inside and outside basis and the accuracy of partner capital accounts. Proper planning is required for distributions between entities to minimize capital gains at the partner level. We also have excellent experience with the accounting and tax preparation of deferred tax exchanges, working with companies providing cost segregation studies to maximize depreciation opportunities and percentage of completion accounting.Hiring Jim will give you confidence in the financial reports for your company, effective planning to minimize tax liability and that tax returns are professionally prepared by an experienced CPA.
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