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Condominium & HOA Accounting in Collier County

Audits, reviews, compilations, and tax returns for condominium and homeowners associations across Collier County, from Naples and Marco Island on the Gulf to the communities further inland.

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Associations we work with in Collier County

  • Gulf-front and bayfront condominiums
  • Golf and country club communities
  • Mid-rise and garden-style condominiums
  • Master-planned communities with sub-associations
  • Age-restricted (55+) communities
  • Homeowners associations

Community associations across Collier County

Along Collier County's Gulf shore, in Naples and on Marco Island, condominium buildings line the beaches and bays. Inland, the county is known for gated golf and country club communities, where one association may run a clubhouse, courses, and dining alongside the usual common areas.

Those club communities are often layered. A master association holds the shared amenities, and condominium and villa associations within it manage their own buildings. Many owners spend only part of the year here, so boards rely on written financial reporting to keep everyone informed.

Financial questions Collier County boards are working through

Storm recovery and special assessments

Gulf coast associations plan around hurricane season. After a storm, a board may need a special assessment or a loan to cover repairs and deductibles before insurance proceeds arrive. How those funds are raised, held, and spent should be easy to follow in the financial statements. Our page on special assessments covers the reporting side.

Structural reserves for condominium buildings

Condominium buildings three stories or higher are subject to structural integrity reserve studies and milestone inspections. Reserves for the items in those studies generally cannot be waived, and any special assessment, loan, or line of credit used to fund them must appear in the annual financial statement. See Florida's reporting requirements for the details.

Club communities with many moving parts

A country club community can have dues, food and beverage operations, and capital projects alongside regular assessments. Boards at the master and sub-association level both need statements that separate these activities clearly.

Boards that are only here part of the year

Seasonal residence affects who can serve and when meetings happen. When a treasurer changes over, statements that explain themselves make the handoff easier for the new board and for owners following along from out of state.

Why work with a CPA

A bookkeeper or management company keeps the records. A CPA reports on them. For a community association, that difference matters in six ways.

  • Meets the statutory requirement

    Florida requires an annual financial report from every condominium and homeowners association. Reviews and audits must be performed by an independent, Florida-licensed CPA.

  • An independent view for owners

    An outside CPA has no stake in the board's decisions. A review or audit gives owners and prospective buyers a level of assurance the association cannot give itself.

  • Clear reserve reporting

    Reserve balances, funding, and required disclosures are presented consistently, so boards can see where major repair and replacement funding stands.

  • A properly prepared tax return

    Associations normally file Form 1120-H, the federal return designed for homeowners and condominium associations. A CPA-prepared return stays consistent with the association's financial statements.

  • Observations the board can act on

    In an audit, the CPA communicates significant deficiencies in internal control it identifies. Boards often use these to tighten approvals, collections, and bank reconciliations.

  • Continuity through board turnover

    Directors and managers change. A CPA who knows the association's history helps new treasurers understand the statements and what changed from year to year.

A CPA engagement does not replace an engineer's reserve study or structural inspection, legal advice from association counsel, or management's day-to-day responsibilities.

Services for Collier County associations

We work with condominium and homeowners associations here the same way we do across Florida. Once engaged, the association exchanges records with us through our secure Feldman One client portal.

Related reading

Request a proposal for your Collier County association

Tell us about your association, its fiscal year-end, and the report you need. We will review your information and follow up to discuss scope and next steps.

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