George S Daugharty, CPA
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Business owners can focus on growing their business and leave the non-critical functions to our experienced team. The people at Daugharty & Company, P.C. are focused on providing outstanding personalized service to small and midsize businesses throughout the Mid-Atlantic and Southeast. Whether we're improving the profitability of your business or enhancing your individual net worth, we strive to work with you to help your wealth grow.

Along that line, we focus on small to midsize business clients and their owners and leave the work on governments and publicly traded corporations to other firms. We have a diverse range of business clients from publishers, farmers, and medical practitioners to mortgage lenders, computer consultants, and retail store owners. In some areas, such as with FHA approved mortgage lenders and multi-family properties, we bring special experiences and strengths to the table.
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George S. Daugharty is a Certified Public Accountant specializing in serving closely held businesses and HUD affiliated mortgage lenders and apartment facilities.
He is a frequent speaker to business groups and estate planners on methods of minimizing and avoiding income and estate tax.
He has published in Current Accounts, a newsletter for Certified Public Accountants and National Mortgage Professional a monthly publication for the mortgage industry.
He founded and managed his own public accounting firm, Daugharty & Company, LLC in Atlanta, Georgia which served a large number of real estate developers and investors from 1999 to 2005.
Generally, participants in Section 8 housing and in the insured multifamily housing programs must prepare annual financial reports in accordance with the U.S. Department of Housing and Urban Development (HUD) guidelines.
The financial reports must follow Generally Accepted Accounting Principles (GAAP).
The reports must also be submitted to HUD electronically for evaluation within 90 days of their year-end.
Each year, approximately 21,000 insured/assisted multifamily properties submit audited financial statements to HUD.
With the competitive mortgage marketplace and importance of each origination most mortgage bankers include Federal Housing Administration ("FHA") insured mortgages in their menu of mortgage products.
Our firm is happy to explain the FHA application and annual recertification process and provide quotes to mortgage lenders needing audits for either.
Lenders new to FHA may find out their existing CPA can't perform the audit for their annual recertification with FHA as a result of the additional, higher standards for such engagements.
Tax rules and regulations change continuously, so truly effective tax consultations must be proactive in nature.
Through the observance of daily tax reports and the latest on-line services, our tax professionals keep abreast of the most recent tax legislation, court rulings, and government notices.
Our innovations in tax planning and consulting enable us to provide real value to our clients in terms of tax treatments designed to preserve and grown profits.
The Virginia Society of Certified Public Accountants (VSCPA) is the leading professional association dedicated to enhancing the success of all Certified Public Accountants (CPA) and their profession by communicating information and vision, promoting professionalism and advocating members' interests.
Founded in 1909, VSCPA membership consists of more than 11,000 individual CPAs who actively work in public accounting, private industry, government agencies or at educational institutions.
AHACPA is an association of CPAs and financial professionals providing financial services for the affordable housing community.
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