Why HOA Bookkeeping as a Service Is a Gamechanger

HOA Bookkeeping as a Service

HOA bookkeeping plays a critical role in maintaining a financially healthy community and typically falls on the shoulders of volunteer board members. While some HOAs might hire a third-party management company to handle the day-to-day management of their association, many will opt to self-manage. Not only does this save thousands of dollars in annual management…

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Understanding BOI Reporting: A Guide for HOAs

PayHOA Bookkeeping

As of January 1, 2024, the Corporate Transparency Act went into effect. Why does this matter for HOAs? Because small businesses—including HOAs that fall under the criteria—will be required to submit a Beneficial Owner Information Report to the US government. This could significantly change HOA bookkeeping policies and procedures for your HOA. Understanding the implications…

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Why HOA Bookkeeping as a Service Is a Gamechanger

HOA bookkeeping plays a critical role in maintaining a financially healthy community and typically falls on the shoulders of volunteer board members. While some HOAs might hire a third-party management company to handle the day-to-day management of their association, many will opt to self-manage. Not only does this save thousands of dollars in annual management…

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What Your HOA Management Needs to Know About an 1120H

HOA bookkeeping service

With all the responsibilities your self managed HOA has to take on, it’s easy to overlook taxes. After all, an HOA is set up to support its community, not operate like a traditional business.  Most HOAs aren’t tax-exempt. The good news is that filing HOA taxes is typically a piece of cake. The 1120H is…

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Avoiding Pitfalls in HOA Bookkeeping

HOA Bookkeeping

Managing the finances of a homeowners association (HOA) can be daunting, especially when the responsibility falls on the shoulders of volunteers. While their intentions are commendable, the complexity of HOA bookkeeping tasks often leads to errors and oversights, even when using a software platform built to make it easy! Recognizing these challenges, PayHOA offers comprehensive…

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HOA Bookkeeping Services

hoa bookkeeping with PayHOA

The end of the year is an exciting time for many, but it’s a stressful time for those in charge of HOA bookkeeping. Hiring someone for bookkeeping services can help spread some holiday cheer!

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