The Kane Condominium and Association Services division of MBAF has been a leader in the establishment of audit and accounting standards adopted in this industry for more than three decades.
At MBAF, we have the talent and knowledge to provide a full spectrum of audit, tax, and accounting services to condominium and homeowner associations. Practice leader Monte Kane co-authored the AICPA Accounting and Audit Guide for Common Interest Realty Associations (CIRAs). In addition, our principals have developed CIRA educational programs, edited CIRA AICPA Audit Risk Alerts, and have lectured and been published on industry accounting, auditing, and taxation issues.
We help clients identify and understand their specific challenges and provide sound financial advice throughout the year. For audit clients, we develop recommendations to enhance the association’s operations, while being available for consultations as necessary. Tax issues for associations and cooperative housing corporations can be complex. Whether it is unique considerations related to operating surpluses, assessments for capital replacements and deferred maintenance funding, developer and other legal settlements, or consequences to each owner as to their tax cost basis of their real estate investment, our professionals are qualified and ready to assist.
We represent hundreds of associations in all aspects of assurance, accounting, tax, and consulting services.
Our clients include:
- Residential Condominiums
- Homeowner Associations
- Cooperative Housing Corporations
- Mixed-Use Developments
- Timeshare and Resort Associations
- Planned Unit Developments
- Commercial Condominiums
- Development and Master Planned Communities
Want to benefit from our accounting and business advisory experience with condominiums, cooperatives, and associations? Don’t hesitate to contact us now. We’d love to hear from you.