NEW YORK – With a growing number of non-resident owners of U.S. real estate, accounting and advisory firm Berdon LLP has launched a new service, Business Management for Offshore Owners of U.S. Real Estate, to fulfill their accounting, tax, and administrative needs.
“New York remains one of the strongest markets in the country for real estate investment by offshore owners,” noted Maury Golbert, CPA, J.D., LL.M., chair of Berdon’s Real Estate Services Group. “Given Berdon’s substantial real estate practice, the Firm’s extensive international, state and local tax expertise, and our business management experience, we are well equipped to guide offshore owners of U.S. real estate both before and after the purchase.”
Prior to acquiring a U.S. residence, Berdon advises offshore individuals on the following:
Following the purchase, Berdon supplies offshoreowners with accurate, reliable assistance with tax filings, bill paying, bookkeeping, budgeting, and record keeping services.
“These apartments may be purchased as an investment, as a home for the owner’s children, as a New York pied-a-terre,” Golbert said. “But whatever the use, there are issues that come with ownership and bills that must be paid. That’s what we do for these owners.”