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Florida HOA Laws 2024: Updates And Changes

HOA Managememt

Homeowners associations should keep up with the changes in Florida HOA laws 2024. What are the New Florida HOA Laws 2024? HB 1203 For Homeowners Associations House Bill 1203 , passed on May 31, 2024, introduces new rules for HOAs in Florida and will be effective from July 1, 2024.

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BOI Reporting: Corporate Transparency Act Update (Feb. 2025)

Yardi Breeze

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.

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The 5 best rental markets in Florida for investors & property managers in 2025

Buildium

This dynamic city offers a unique blend of government, education, and healthcare sectors, which contribute to its strong economy and stable job market. The citys largest employers include Florida State University, the state government, and Tallahassee Memorial Hospital. Multifamily Cap Rate (Q2-24): 6.7% GDP Growth (2022): 9.8%

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

For 2024, the form looks like this: What Is a 1099-NEC form? To give you an idea of what to expect, the form for 2024 looks like this: 1099 Exemptions for Property Managers There are a few scenarios in which property managers are exempt from filing a 1099. The IRS makes (typically small) adjustments to the 1099-MISC form each year.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

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).

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The Corporate Transparency Act – should your association wait to file a report?

Condo Control

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. The National Small Business Association filed a lawsuit, and on March 1, 2024, U.S. The federal government appealed the decision​​​ on March 11.

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

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.