Michael P. Mullen, C.P.A.
Certified Public Accountants
Protecting Your HOA’s Future with Timely Audits An HOA audit is a detailed check of your association’s financial records by an independent CPA. It goes deeper than a basic compilation or review. In a compilation, the CPA puts financial data into standard format. In a review, the CPA does limited checks. In an audit, the …
Is Your Association Ready to Level Up Its Finances? Many boards reach a point where the numbers are no longer simple. Dues are rising, insurance is harder to budget, and projects feel bigger every year. At the same time, state rules and IRS expectations are not getting any easier for community associations. Boards in Minnesota, …
Why “Healthy” HOA Financials Can Still Be Dangerous HOA financial statements can look clean and organized while serious problems are quietly building in the background. A positive bottom line, a decent bank balance, and neatly formatted reports often convince boards that everything is under control, even when the community is heading toward future special assessments …
