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Affordable Housing Services

The Affordable Housing industry is a unique business landscape and you need an advisor that understands the landscape. At Propp Christensen Caniglia LLP our experienced professionals have the understanding and creativity to guide and assist you in this complex industry.

We offer the following Affordable Housing related services:

  • Audit and financial statement preparation
  • Tax preparation and strategic planning
  • Project cost certifications
  • Tax credit application review
  • Bond application review and 95/5 tests
  • Financial projections and planning
  • Tax-exempt financing 50% test
  • Carryover allocation 10% test
  • Breakeven calculations
  • Form 8609 review
  • Calculation of first-year credits
  • Partnership agreement and allocation review
  • Electronic reporting for HUD and RD projects
  • Strategic analysis of year 15 exit options
  • Accounting and record keeping training

Not-for-Profit Organizations & Employee Benefit Plans

Not-for-Profit Organizations

Through a diverse range of activities such as helping children, advancing education, promoting research, providing health care assistance, and many others, not-for-profit organizations seek to make life better by making a difference in our communities. A not-for-profit organization faces complex challenges, not only in accomplishing its mission, but also in adhering to the requirements of its funding sources, and following the prescribed accounting principles and reporting guidelines. The experienced professionals at Propp Christensen Caniglia LLP are ready to assist you with these challenges.

Employee Benefit Plans

Employee benefit plans are subject to continually evolving complexities in financial accounting and reporting as well as the increased scrutiny and oversight of federal agencies such as the Department of Labor. It is essential that you work with an auditor with the experience and training necessary to assist you in navigating these complexities. Propp Christensen Caniglia LLP is a member of the American Institute of Certified Public Accountants’ Employee Benefit Plan Audit Quality Center and has the expertise to assist you with your plan.

We regularly provide the following services to assist not-for-profit organizations and Employee Benefit plans:

  • Audits, reviews, and compilations of financial statements
  • Financial statement preparation
  • Tax preparation and planning services
  • Audits of federal and state awards programs
  • Attestations on special reports
  • Management consulting

Closely Held Businesses

Entrepreneurial individuals and business owners make up a considerable percentage of our client list. We regularly provide services to:

  • Construction contractors
  • Family-owned business
  • Franchisees and franchisors
  • Professional enterprises (such as architecture, engineering, legal, and medical)

The services we provide include both traditional and non-traditional services. The list below is by no means all-inclusive, please inquire about a service if you do not see it listed.

  • Bookkeeping and accounting services
  • Buying and selling a business
  • Cash flow and budgeting analysis
  • Consulting
  • Entity selection
  • Reporting – Payroll, Business Property, Sales Tax, 1099s, Census
  • Software selection and implementation
  • Succession planning
  • Traditional CPA services such as tax planning and preparation and financial reporting

Property Owners Associations

Property owners associations, referred to as common interest realty associations, include both residential and commercial property developments. The specific characteristics of common interest realty associations vary depending on the type of real estate that is owned by the association and by the individual property owners that are members of the association. Common interest realty associations, as separate legal entities, are subject to unique accounting and tax considerations. The professionals at Propp Christensen Caniglia LLP have the expertise and experience to provide services to meet your associations’ needs.

We regularly provide the following services to property owners associations:

  • Audits and reviews of financial statements
  • Financial statement preparation
  • Tax preparation and planning services
  • Management consulting