Gain the advantage of our special expertise for condominiums, townhouses, and co-operatives.
With more than 17 years’ experience advising condominiums, townhouses, and co-operatives, John D. Kopczyk, Ltd. provides financial and tax services for facilities ranging from six units to several hundred. Having served as president and treasurer of several condominium and townhouse boards, John Kopczyk brings an in-depth understanding of financial issues and concerns facing these organizations, including experience with multilayered master and individual building associations.
Our services include:
- Audit of associations required by bank financing and/or bylaws.
- Income tax reduction via evaluation of form 1120 versus 1120-H election.
- Tax reduction of nonmember income via proper allocation of direct costs and overhead.
- Implementation of professional reserve studies for proper funding and disclosure in financial statements.
- Preparation of co-operative year-end mortgage and real estate tax disclosures for individual owners.
- Evaluation of member assessments versus additional paid-in capital for capital projects of co-operatives.
- Conversion of cash basis management company financial statements to full accrual basis statements for proper evaluation of the association’s operating efficiency.
|
Email Us