There are three main methods of accounting that HOA’s use. These are GAAP accounting (accrual accounting), cash-based accounting and modified accounting. As an HOA board member, it is important to have an understanding of the three methods that are used, their effects on financial reporting and the advantages/disadvantages of each method to your HOA. Read the article…………..
On April 18, 2024, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”)…
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Whether your community association is a condominium, cooperative, or a homeowners’ association, Florida law empowers…
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Not too long ago a condominium association foreclosed its assessment lien against a deceased unit…