PROPERTY LEASING AND RENTALS

Our experience with leases and contracts encompasses much more than accounting and tax advisory, benefiting our clients with unique and insightful perspectives. 

 

The attention to lease accounting and tax compliance has increased over the last several years, with the implementation of new financial accounting standards requirements, increased income tax scrutiny, and emerging industries and service models utilizing lease structuring in new ways.  Our team has focused on the forefront of lease accounting matters, understanding and appreciating the need for accounting changes and more awareness of the complexities property leasing arrangements can bring.  

​

From intricate embedded service leases to simple equipment rentals and long-term real or personal property leases, our experience includes lease contract structuring, negotiation, marketing, and administering across several industries, in addition to accounting and tax compliance functions.  With a comprehensive perspective towards the leasing industry and its various components, we help our clients better identify, analyze, and manage their lease contract objectives and risks.

​

Some of the matters LEACIF can assist with include:

​

• Lease and vendor contract analysis and risk assessment;

​​

• Personal property leases, including office or production equipment;

​​

• Real property leases;

​​

• Embedded service leases and equipment plus service leases;

​​

• Related party lease transactions;

​​

• Lease-back transactions;

​​

• ASC 842 considerations;

​​

• IRC § 467 considerations;

​​

• Managed accounting and tax advisory services;

​​

• Lease and rental agreement contracts;

​​

• Systems control, including vendor management considerations. 

​