condominium and homeowner associations increase in number and become more sophisticated
in management structure, our services become increasingly valuable for the association
and its members.
The value of Phillips Harvey Group's accounting
and tax services lies in the peace of mind afforded to associations who highly
regard working with professionals skilled in issues unique to residents' associations.
Of even greater value is the comfort provided when a professional audit is sought
to ensure the association's financial records are presented properly and soundly.
services encompass a wide variety of ownership and governance arrangements. Our
extensive experience also includes a comprehensive knowledge of accounting and
financial-based rules and regulations, and we are constantly updating our information
as changes in guidelines are made.
The audit function, which examines the
association's records, is of special importance. Phillips Harvey Group auditors communicate results
of audit procedures and tests, and the evaluation of audit outcomes, to all interested
parties, in as clear a manner as possible.
It is our goal to streamline
the audit process and to familiarize condominium and homeowner association members
with ways to break down complex financial requirements into more comprehensible
information. Also, we can provide monthly accounting services and recommend a
variety of procedural improvements to facilitate easier and more effective record
In addition to income and expense journals, balance sheets, income
statements, annual financial statement audits, compilations or reviews of financial
statements, and preparation of required tax returns, Phillips Harvey Group offers assistance with:
- Information about historical trends
- Reserve/replacement fund
- Comparisons to budget
- Tracking of delinquencies
- Budget development
- Taxable income determination
of maintenance fees, interest and penalties, and
- Detailing of operating
If you would like to discuss how Phillips Harvey Group can assist with your
association's financial fitness, contact Nathan
to read what our clients say about working with us.