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Michael P. Mullen, CPA

Certified Public Accountants

  • About us
  • Our Staff
  • Services
    • Audits, Reviews and Compilations
    • Condominium and Homeowner Association, Cooperative and Time Share Services
    • Tax Planning and Preparation
    • Payroll and Accounting Services
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About us

Michael P. Mullen C.P.A.

SPECIALIZING IN COMMUNITY ASSOCIATIONS

With more than 2,000 Association clients (containing 170,000+ units) we are clearly the industry’s leading CPA firm. We are licensed and registered in Minnesota, Wisconsin, Florida, California, Nevada, Colorado, Illinois and Michigan, with physical offices in Minnesota, Wisconsin and Florida.

Our highly knowledgeable staff are proficient in all of the accounting principles applicable to Community Associations. We possess the necessary qualifications and expertise to provide you with a myriad of professional services required in this industry.

In 1960 there were just 500 community associations in the United States. Data from the Community Associations Institute states that there are now more than 355,000 communities that house over 74.1 million Americans. This represents an estimated real estate value of over $9.2 trillion, approximately 25-27 percent of the value of all U.S residential real estate. Estimated annual operating revenue for U.S. community associations is more than $77.4 billion.

With a growing industry of this size, Community Associations look to a specialist who understands the unique and complex financial, accounting and tax issues facing them today. Our CPA firm provides services exclusively to Condominium, Cooperative, Townhome and Homeowner Associations, and nonprofit organizations. We have the qualifications and expertise that are essential in providing you with the following professional services:

  • Audits, reviews and compilations of financial statements
  • Individual and Corporate Income tax return preparation
  • Monthly accounting services
  • Consultation regarding compliance with the statutorily imposed Minnesota Common Interest Ownership Act (MCIOA) – including recent major amendments
  • Consultation for accounting, income tax, reserve fund plans, rental programs and special assessment implementation
  • Budget planning and preparation
  • Internal control evaluation to recommend and implement procedures which further safeguard association assets and maximize operational efficiency
  • Professional representation at membership and board meetings
  • Educational seminars for board members, owners and managers

Your home is an investment, and the strength of your Association’s financial condition affects its marketability. As the industry’s leader, our firm stands prepared to serve your Association’s needs and assist board members and managers as they carry out their fiduciary responsibilities.

Peer Review Program

CPAMullen Peer Review
Click here to see a copy of our most recent Peer Review Letter

The peer review program of the AICPA is important in ensuring that member CPA firms provide quality service to clients. As members of the AICPA, we have other firms examine our quality control system every three years. We believe that the peer review program is essential in maintaining quality services to our clients.

Successful Peer Reviews in 1996, 1999, 2002. 2005, 2008, 2011, 2014
, 2017, 2020

Articles

Ways to Pay Your Tax Liability

Top 10 Tips for Deducting Losses from a Disaster

What Should You Know About Reporting Employee Tips

Depreciation Correction Catch-Up Offers Significant Deductions

Answers to Frequently Asked Questions for Individuals of the Same Sex Who Are Married Under State Law

Taxpayer Guide to Identity Theft

In The News

Retirement Topics – Contributions

IRS Withholding Calculator

2017 Tax Filing Season Begins Jan. 23 for Nation’s Taxpayers, Tax Returns Due April 18

IRS Announces 2017 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2017

IRS and Security Summit Partners Warn of Fake Tax Bills

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