Condominium Associations

Accountants for Condominium Associations

Condominium associations experience many challenges, including maintaining property values, an unpredictable economy, and budgeting cash flows for future improvements. As accountants for condominium associations, SKP Advisors serves more than 20 condo associations and can help you with these issues. We work directly with the property manager and the Board. We can also meet annually with new Board members to help them understand the financial statements as well as presenting monthly financial reports.

SKP Advisors can help your condominium association with:

• Financial statement audits, reviews and compilations
• Tax planning, compliance and consulting
• Research tax ramifications of proposed transactions
• Navigate the specific tax rules for homeowner associations and common owner associations
• Bank financing studies
• Accounting software selection
• Back-office accounting and support
• Due diligence