It’s that season - accountants are busy with year-end returns, business filings, gearing up for the April crunch of individual filings. Despite the fact that most accountants are super busy from January through April, we real estate brokers should not be ignoring them as potential buyers. Tax time in fact is the perfect time to get finance professionals to consider buying their own business premises. It’s the time when they’re most aware of the tax benefits of commercial building ownership! Every day they’re looking at deductions, depreciation, other financial consequences of real estate ownership and they’re telling their clients to take advantage of those things.

          One accounting company which took its own advice is MCM Tax Services Ltd. In business for 16 years, principal Mark Caulo has long been advising his tax clients to invest in real estate and take advantage of the associated deductions. When the opportunity arose to acquire his premises in East Islip, Mark saw not only the tax benefits but the opportunity to invest in something tangible for his family’s future.

          As a basic boutique accounting firm catering to individuals and small companies, MCM provides a range of services; accounting, tax services, and financial consulting. That’s why the 1900-foot one-story building on .25 acres in East Islip was perfect for his practice. Stabilization of this location in East Islip will permit Caulo to expand into financial planning and, what’s more, the building is capable of being expanded in the future as the company grows.

          The purchase, renovations and soft costs for MCM Tax Services Ltd. were financed 50% by M&T Bank, arranged through Gallagher & Associates along with a 40% Long Island Development Corporation second mortgage SBA 504 loan.