Don't My Financial Statements Agree?
Most associations have financial statements
prepared on a monthly basis by either their managing agent or, if
self-managed, by an internal employee. In either case for this
article, we will use the term "management" for
the preparer of the internally generated financial statements. The purpose
of these financial statements is to provide timely information about
an association's financial position such as, cash balances, unit
owner assessments receivable and payables owed. Read more...
A Primer on Bankruptcy
Hubert Cutolo, Esq.
In the current economic climate, common interest
communities are finding that many unit owners are experiencing
financial distress. In that regard, some unit owners cannot meet
their financial obligations and, as a result, those unit owners are
seeking relief under the Bankruptcy Code. Read more...
Federal Taxes to the Replacement Fund
W&G Financial Survey for Community Associations
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Way to Go!
Congratulations to Jessica Chelkowski on passing the CPA
& Guttenplan, P.C.
Public Accountants and Consultants
732.846.3000 | www.wgcpas.com