Michael P. Mullen, C.P.A.
Certified Public Accountants
HOA accounting services touch every part of community life. When the numbers are clear and accurate, boards can plan repairs, keep assessments steady, and answer owner questions with confidence. When they are not, projects stall, delinquencies creep up, and meetings get tense very fast. In this article, we walk through what board members should expect …
Set Your HOA Audit up for Success From Day One Hiring an association audit firm is a big decision, but what happens after you sign the engagement letter matters just as much. The way you onboard and manage your auditor will shape the quality of the work, the timing, and how useful the final financial …
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 …
