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Posted by Miller & Company CPAs: Tax Accountants on 05/25/2020

CIRA Accounting & Audits


Description

Common Interest Realty Associations, also known as CIRAs, are complex legal and financial entities. Condo financial management can be a challenging endeavor, and more CIRA administrators are choosing professional CIRA accounting services than ever before.

When choosing a firm to perform a CIRA audit, only select the top specialists available. The certified public accountants (CPAs) at Miller & Company, LLP have the expertise you need for your CIRA accounting services. Experience the difference a proactive CIRA accounting professional can make for your organization.

CIRA BASICS

A common interest realty association governs the interests of communities with a common purpose. CIRAs may oversee operations of residents in communities, such as:

  • Homeowner associations
  • Planned unit developments
  • Timeshares
  • Co-ops
  • Condominiums

The association follows a set of rules that often are given over to a subcontracted property management company to fulfill. Members of the community fund the association through assessments on their dwellings.

A vast number of Americans participate in CIRAs. It’s estimated that about 12 percent of American households live in a community that’s part of a CIRA. The major characteristics of CIRA housing include:

  • Ownership with the CIRA is divided into shares of stock, individual lot ownership or defined living spaces.
  • Ownership of the common property is shared, and all owners are bound to covenants and restrictions through the association’s contract.
  • Membership is automatic if the organization was legally established, adequately maintains the property and offers other services to its community.
  • Owners fund their association through periodic assessments.

Read more at https://www.cpafirmnyc.com/cira-accounting-audits

Working Hours: 

Monday - Friday: 9:00 am - 7:00 pm; 

Saturday: 9:00 am - 4:00 pm, 

Sunday: Closed

Payment: cash, check, credit cards.

CONTACT US

Miller & Company CPAs: Tax Accountants

Sarasota, Florida

2831 Ringling Boulevard, #204B

Sarasota, FL 34237

(941) 366-5646

https://www.cpafirmnyc.com 

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Find us at https://arcg.is/9zbO4

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