Bookkeeping
Audit and Review services for homeowners associations (HOA) and condominium associations (COA):
- Report in accordance with generally accepted acounting principles (GAAP)
- Prepare the tax return (Form 1120/1120H)
- Include a managment letter to identify concerns about compliance and accounting issues
- Pricing is reasonable
As a reminder, the Revised Code of Washington 64.38.045(3) requires that: Associations with more than annual assessments of $50,000 shall be audited annually by an independent CPA - unless 67 percent of the owners waive the audit.