Welcome to the Abel Accountants blog!
Accounting may seem like a complex idea, especially if you want to venture into business. However, managing and understanding the financial health of your business requires accounting expertise. With that
Businesses need to manage outstanding bills and invoices from suppliers in a streamlined fashion to ensure all debts are paid on time and recorded accurately. A professional homeowners association accounting
The Internal Revenue Service (IRS) 528 is a specific section of the tax code that applies to homeowners associations (HOAs). It was enacted under the Tax Reform Act of 1976
Homeowners associations depend on financial statements to determine financial health. One of the most crucial ways to achieve this is through the balance sheet. A balance sheet provides a detailed
HOAs file tax returns as mandated by the Internal Revenue Service (IRS). Once this process is complete, an official record of the tax return information is issued. An IRS transcript
Bookkeeping is the foundation of any HOA, regardless of size. Many organizations often hire professional HOA bookkeeping services to ensure accurate financial records, compliance with legal requirements, and informed decision-making.
Trust and transparency are the foundations of many Homeowner’s Associations (HOA). These are vital traits for ensuring a successful and harmonious community. An HOA audit is vital in maintaining these
As the year ends, homeowners and condominium associations face the vital decision of conducting a financial review or an audit. While these terms are often used interchangeably, they have different
Community association financial management is one of any HOA board’s most challenging and essential responsibilities. Preparing a financial statement is crucial for ensuring financial transparency and providing insights into achieving
Homeowners Associations (HOAs) are vital in managing and maintaining residential communities. The HOA accounts payable report is an essential tool that helps achieve this. What is the accounts payable report?
Did you know that 66% of completed homes are part of Homeowners Associations (HOAs)? These organizations manage various aspects of residential communities, including financial management. While some HOAs handle finances
Understanding the various HOA tax return obligations is crucial for effective financial management as a homeowners association (HOA). While HOAs were initially required to file form 1120, the Tax Reform
