Management companies and board of directors of Common Interest Realty Associations such as condominiums, cooperative housing, townhomes, and timeshare units have a fiduciary responsibility for the administration, operation, maintenance, repairs, and replacement of the common elements of the properties.
In order to fulfill their fiduciary responsibility to Association members it is essential that these Boards engage an accounting firm that is highly qualified and experienced in providing the professional accounting services that such Associations require. Jerome Rosenberg CPA, P.C. is such a firm.
Our Common Interest Realty Association Practice Group currently provides accounting and auditing and advisory services to 70 such associations. As tax advisors, we prepare tax returns for the Association and assist them in developing their tax planning strategies to achieve tax economies. We represent Associations before taxing authorities and provide tax consulting services on a broad range of financial and investment decisions.
In response to the ever-changing needs of Common Interest Realty Associations, we continuously review the breadth and depth of our management advisory services. Increasingly, we play a vital role in assisting Associations in improving the use of their resources and increase their efficiency. Our knowledge and Association experience provide the basis for a broad range of management advisory services, such as:
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