Kyle Donovan is a Staff Accountant at Schultz & Associates, CPA, PLC. He earned his accounting degree from Eastern Michigan University. Kyle grew up in a family of business owners, which gave him an early understanding of the challenges that entrepreneurs face. As a result, he appreciates the importance of timely financial information, practical tax planning, and dependable advice.
Kyle works with businesses in many industries. He prepares financial statements, business tax returns, and individual tax returns for clients throughout the year. In addition, he helps business owners organize their accounting records so they can make informed financial decisions with confidence.
A significant portion of Kyle’s work involves real estate and construction companies. These industries present unique accounting and tax challenges that require specialized knowledge. Therefore, Kyle works closely with clients to help them maintain accurate financial records while meeting complex reporting requirements. His experience allows him to identify issues early and help clients stay organized throughout the year.
Kyle has experience with cost segregation studies and understands how they can accelerate depreciation and improve cash flow when they fit a client’s situation. He also assists clients with tax-deferred real estate exchanges under Section 1031. These transactions require careful planning and coordination. Consequently, Kyle works with the firm’s tax professionals to help clients complete each step correctly.
Construction accounting requires more than recording income and expenses. Kyle works with contractors who use percentage-of-completion and completed-contract accounting methods. He understands the importance of tracking project costs, recognizing revenue correctly, and maintaining accurate job records. In addition, he assists construction companies with sworn statements and other financial information often requested by lenders, property owners, and general contractors.
Kyle believes good accounting creates better business decisions. For that reason, he focuses on accuracy, organization, and responsive client service. Whether he is preparing a tax return, supporting a real estate investor, or helping a construction company manage its accounting, Kyle works to provide reliable financial information that clients can trust throughout the year.
Kyle’s practical approach and industry knowledge make him a valuable member of the Schultz & Associates team. He enjoys building long-term relationships with clients and helping business owners navigate the accounting and tax issues that come with growth.