Condo Control

MARCH 19, 2025

HB 1203 was passed in 2024 with the intention of promoting transparency and consistency across Florida homeowners associations. Find out how an attorney might approach some of the new Florida laws Many owners were excited, or at least optimistic about the possibility of having more freedom and transparency in their neighborhoods.

Attorney 130

Attorney Condominium Education Government 130

Yardi Breeze

FEBRUARY 26, 2025

Update: January 3, 2025 On December 27, 2024, the United States Court of Appeals for the Fifth Circuit temporarily blocked enforcement of the Corporate Transparency Act (CTA). At least until that hearing is resolved, there will be no BOI reporting requirements enforced by the federal government. On December 23, 2024, the U.S.

Compliance 130

Compliance Government Property Manager Property Management 130

Buildium

NOVEMBER 5, 2024

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. For 2024, the form looks like this: What Is a 1099-NEC form? The IRS makes (typically small) adjustments to the 1099-MISC form each year.

Property Manager 227

Property Manager Property Management Management Electronics 227

Yardi Breeze

DECEMBER 12, 2024

Important update as of December 12, 2024 A nationwide court order has temporarily put a hold on the requirement for businesses to report Beneficial Ownership Information (BOI) under the Corporate Transparency Act (CTA). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024).

Compliance 246

Compliance Government Property Manager Property Management 246

Condo Control

NOVEMBER 12, 2024

This act came into effect in January of 2024, and businesses that meet certain criteria are expected to file a Beneficial Ownership Information (BOI) report to the U.S. If board members ask a manager or attorney to file on their behalf, then they will need to pay those professionals for their time. financial system.

Government 246

Government License Condominium Electronics 246

Yardi Breeze

NOVEMBER 22, 2024

For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). Companies formed after January 1, 2024, must report within 90 days of formation.

Compliance 130

Compliance Property Manager Property Management Government 130

Yardi Breeze

NOVEMBER 22, 2024

For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). Companies formed after January 1, 2024, must report within 90 days of formation.

Compliance 130

Compliance Property Manager Property Management Regulation 130