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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

Erica Hanichak, government affairs director at the Financial Accountability and Corporate Transparency Coalition, is telling businesses they should still file their information. The bottom line : protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements.

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Common HOA Legal Violations and How to Handle Them

Bay Property Management Group

Awareness of these bylaws and governing documents helps provide solid references when dealing with potential legal issues. After all, documentation provides proof of the HOA’s actions and decisions, which ensures transparency and compliance with applicable laws. Here is a list of HOA violations to look out for.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

At least until that hearing is resolved, there will be no Beneficial Ownership Information (BOI) reporting requirements enforced by the federal government. To get you the best information possible, we spoke to Joe Riter, senior manager of public policy at the National Apartment Associations (NAA) Government Affairs department.

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). Of course, youre not alone in this journey.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Advertising to influence government legislation, however, is never deductible. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. To learn more, check out our blog post on 1031 exchanges.

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Understanding HOA finances: A practical guide for association managers

Buildium

Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits. You’ll also need to budget for attorney fees. Review how many hours your association’s attorney typically bills each month so you can plan for those expenses accordingly.

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

TL;DR : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCEN’s BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). Of course, you’re not alone in this journey.