HOA Accounting and Management Articles and Advice
Tax season is always a stressful time of the year. One of the questions HOA residents commonly ask is, “Are HOA fees tax deductible?” The answer, though, is not as simple. Are HOA Fees Tax Deductible? A homeowners association runs a community by imposing certain rules, preserving its aesthetics, and maintaining various aspects of…
The coronavirus outbreak has led to temporary business closures and a reduction of workdays. As a result, more homeowners are unable to pay their HOA dues. This is when HOA remote management during coronavirus becomes all the more important. Benefits of HOA Remote Management During Coronavirus The coronavirus outbreak, also known as COVID-19, has…
The coronavirus outbreak has forced many businesses to redefine the way they hold meetings. Homeowners associations are not exempt from this. Because board members make decisions during board meetings, most HOAs are concerned about halting operations amid the outbreak. But through HOA remote meetings, your HOA can continue to run without hindrance. In this…
Managing and overseeing the finances of your HOA should be one of the board’s main priorities. That said, many HOA board members may not have experience with HOA financial reports. If you still have questions about financial reports of your association, here’s what you need to know. HOA Financial Reports and The Board’s Responsibility…
Every now and then, an HOA board conflict will arise. When that happens, what should the HOA management company do? Should the company even intervene in the first place? Reasons an HOA Board Conflict May Arise HOA board members are not immune to conflict. Just as neighbors can have disputes, board members can also fight…
Thanksgiving is just around the corner, which means holiday preparations are in order. For vegans, that means looking for vegan-friendly alternatives to classic Thanksgiving dishes. Here are some of the best vegan Thanksgiving recipes you will find. The Best Vegan Thanksgiving Recipes to Try In the past, vegans have had a hard time looking for…
Homeowners associations are responsible for the operations of their communities. But, does that include the responsibility to step in when harassment occurs? Is an HOA anti-harassment policy mandatory? Does a Community Need an HOA Anti-Harassment Policy? Every now and then, neighbors will get into a disagreement. But, when that disagreement turns sour, harassment can sometimes…
Veterans Day vs Memorial Day — while these two holidays take place on separate days, many Americans still confuse them with one another. But, what is the difference between the two? Let’s break them down below. Veterans Day vs Memorial Day: A Look at These Two Holidays During the first half of the year, there…
Emergencies can happen at any time. Emergencies can take many forms in a planned community, but the homeowners association should always be prepared. Here is the proper HOA response to an emergency. What Should Be the HOA Response to an Emergency? Emergencies come in many different forms. Therefore, no single blueprint can universally apply to…
When it comes to federal taxes, many homeowners associations find themselves in a bind. While HOAs are required to pay taxes and file tax returns, they fall into a specific category under the Internal Revenue Service — IRS 528. Understanding HOA as Non-profit Corporations In many states, homeowners associations are structured and formed as…
Columbus Day is almost here. And, for a lot of people, that means looking forward to another three-day weekend. If you’re looking for some things to do on Columbus Day, you’ve come to the right place. Top Things to Do on Columbus Day Columbus Day is a federal holiday in the United States. In line with…
While uncommon, some homeowners do raise backyard chickens in HOA communities. But, is this even allowed? What can homeowners associations do about them? Should Boards Allow Backyard Chickens in HOA Neighborhoods? If you’ve noticed an increase in backyard chickens as of late, you’re not alone. Backyard chicken ownership has grown more popular in the…
Holding an HOA disciplinary hearing is common practice among many homeowners associations when a violation has occurred. Both the HOA board and homeowners must know what to do when faced with this hearing. What Is an HOA Disciplinary Hearing? A disciplinary hearing is a formal meeting between the HOA board and the homeowner accused…
Every HOA board must set procedural standards for conducting board meetings. But, what if an association does not have rules in place? This is where Robert’s Rules for HOA meetings come into play. What Are Robert’s Rules for HOA Meetings? Authored by U.S. Army officer Henry Martyn Robert, Robert’s Rules of Order are a…