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Community Associations

Community Association Services

Menchinger & Tyack CPAs, LLC focuses on the community association industry. With over 300 community association clients, we have gained the experience and expertise we can offer our many clients. We prepare tax returns for associations with only a few units to audits of homeowners associations with thousands of owners.

In order to maintain our expertise in the industry we are members of many community association organizations and participate in regular continuing professional education including the Common Interest Realty Associations conference.

Our firm and staff memberships includes:

  • FICPA CIRA Section
  • Managers of Gulf Coast, Inc.
  • Community Associations Institute.
  • Professional Community Managers Association, Inc.

 

What can we do for your association?

 

Monthly Bookkeeping

If you are the Treasurer or a board member, you understand the importance of accurate, reliable and timely financial information. Menchinger & Tyack CPAs, LLC can take care of all your bookkeeping needs. We believe the benefit of using our virtual bookkeeping services outweighs the cost of inaccurate and unreliable financial data.

We encourage you to read the ACFEs Report to the Nations on occupational fraud and abuse.

Audits, Reviews and Compilations

As a Community Association you may be required under Florida Statutes to engage a CPA firm to perform an audit, review, or compilation. The level of service the Association requests is generally determined based on revenue levels set by Florida statutes. Whichever level of service you engage us to perform; we will ensure a smooth engagement with continuous communication.

Agreed Upon Procedures

The Association may want Menchinger & Tyack CPAs, LLC to issue a report on our findings based on specific procedures performed on subject matter. These procedures will be dependent on the needs of the association. An example of an agreed upon procedure could be that the association board of directors would like to ensure that the payments made by the association were appropriately authorized in accordance with their policy.

Taxation

On an annual basis an association is often faced with the choice of filing different returns that have varying consequences. We can assist the board of directors in making that choice and ensuring that the return is timely filed. Further, we are able to assist associations with tax laws to ensure that they remain in compliance.

Consulting

With extensive experience in the industry, we are able to provide consulting services on various issues including:

  • Operating budgets
  • Replacement fund budgets
  • Turnover issues
  • Cash flow analysis
  • Financial
  • And much more