Condominium Associations

Experienced financial advice and management for Condo Associations

Learn More About Foley CPA

Your Condominium Association Accounting Resource

Foley CPA has over 25 years of experience helping a wide range of condominium associations meet their financial needs and goals. Tom can assists both self-managed and professionally managed associations of any size throughout New England.

Our services provide the high-level insight and expertise that assist in finding solutions to current and future problems of condominiums, cooperatives, and HOAs (Homeowners Associations) face.

MA General Laws, Part II, Title I, Chapter 183a, Section 10

“An independent certified public accountant shall conduct according to the standards of the American Institute of Certified Public Accountants, a review of the financial report for any condominium comprising 50 or more units. Such review shall be conducted annually, or less frequently in accordance with subsection (m), but in no case less frequently than every two years. In any action brought to enforce the provisions of this paragraph, the prevailing party shall be entitled to reasonable attorneys’ fees incurred in such action.”

    We Look Beyond The Numbers

    We look beyond the numbers and include our client ‘s business realities; moving their associations from the “normal” accounting practices to a level of business “excellence”; providing clear, concise, and sound financial planning and reporting to the board of directors (Board), property managers, unit owners, and senior management.

      Our Services Include:

      Annual Audits, Reviews, and Compilations

      Preparation of Tax Returns

      Budget Preparation Assistance and Review

      Education/Presentations for Boards and Property Managers

      Financial Planning for Capital Improvement Expenditures and Reserves

      Tax Planning and Compliance

      Transition to Unit Owner Control Consulting

      Representation During Tax Audits

      Litigation Support