Accounting, Tax or Audit

Whether your accounting/consulting firm is working on tax, audit or management consulting issues, or  Southmost Realty, Appraisasal & Consulting.  offers expert solutions. Our practice includes professionals with designations by the Appraisal Institute (AI), the American Society of Appraisers (ASA)

Valuation for Financial Reporting

Southmost Realty Appraisals is prepared to assist clients with Valuation for Financial Reporting. As the financial reporting industry continues to move toward global standards, it is relying less on historical cost-based accounting on the balance sheet and moving more toward a market based, fair value system. Statement of Financial Accounting Standards 157, Fair Value Measurements, defines fair value as: “The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.”

As Valuation Specialists, with strong backgrounds and certifications in valuation and financial reporting we are uniquely qualified to assist your company or clients with the following Valuation for Financial Reporting needs.

· cost benefit studies

· feasibility studies

· highest and best use analysis

· zoning studies

· rent studies

· property utilization studies

· market analysis

· forecasting and trend projections

· property tax consulting

· verify managements assumptions and estimates

· identify and test valuation techniques

· validate inputs for valuation techniques

Tax and Audit Issues and Solutions

Southmost Realty Appraisals & Court Expert Witness has solutions for the following tax issues impacting real property:

· Real and Personal Property Taxes

· Purchase Price Allocation Studies

· Cost Segregation Studies

· transfer taxes

· gains taxes

· income taxes

· Estate & Gift Appraisals and Consulting

· International Financial Reporting Standards (IFRS)

Some of the audit issues facing real property that Federal provides solutions for include:

· Impairment Studies

· corporate structuring

· management audits and consulting

· benchmarking and best practices consulting

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