Wilkin & Guttenplan, P.C.'s

Community Property Advisor

Volume 26/Issue 1

 

condos

Why Don't My Financial Statements Agree? 

 

by Amanda Brady, CPA 

 

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 

 

by 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...

 

Upcoming Issues

  • Allocating Federal Taxes to the Replacement Fund
  • The W&G Financial Survey for Community Associations

 

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Winter 2012

 

High rise condo

 

In This Issue

Why Don't My Financial Statements Agree?

A Primer on Bankruptcy

Upcoming Issues

 

 

News from

the Firm

 

Anniversaries

 

5 Years

Lauren Landolfi

 

11 Years

Mohammed Salyani

 

12 Years

Patty Hernandez

 

13 Years

Amanda Brady

Len Nitti

 

15 Years

Brian Geissler

Bill McDevitt

 

19 Years

Carol Koransky

 

24 Years

Kristine Flores

 

25 Years

Michael LoVerde

 

26 Years

Sefi Silverstein

 

Way to Go!

 

Congratulations to Jessica Chelkowski on passing the CPA exam!

 

 

Logo Wilkin & Guttenplan, P.C.

Certified Public Accountants and Consultants 


732.846.3000  |  www.wgcpas.com

 

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Wilkin & Guttenplan | 1200 Tices Lane | East Brunswick | NJ | 08816