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Condominiums, Co-ops & Homeowners Association

Condominiums, Co-ops & Homeowners Associations

Condominiums and homeowners associations face a myriad of unique challenges and need the help of an accounting team to help them understand and overcome them.  Tax issues for associations and cooperative housing corporations can be complex and our clients benefit from receiving sound financial advice throughout the year – not just at tax time.

On the financial reporting side, we are well-versed in the obligations Board members have to their residents.  Having accurate and timely financial reports and records will enable the Board  to always be ready for the unexpected – homeowner bankruptcy, common area maintenance and repair,  or even financial dishonestly.  Since the tax and accounting piece of the Board’s job is not always understood, we take the time to educate board members so they are well-versed in the financial aspects of their condominium, co-op or homeowners association. 

Our clients include:

  • Residential Condominiums
  • Homeowners Associations
  • Cooperative Housing Corporations
  • Timeshare & Resort Associations
  • Mixed-Use Developments
  • Commercial Condominiums

Our services include:

  • Monthly bookkeeping
  • Payroll and payroll tax preparation
  • Audits, reviews and compilations
  • Tax planning and compliance
  • Budgeting
  • Financing
  • Fraud investigations
  • Internal control evaluations
  • Litigation support

If your condominium, co-op or homeowners association is facing complex accounting and tax situations and you aren't getting the help you need, it may be time to make the leap to Laufer LLP.  Our team has the expertise to handle all of your financial reporting requirement throughout the year and at year-end, helping board members to fulfill their financial obligations to their residents.  

 

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(631) 226-9600

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