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Condominium & HOA Accounting in Tampa

Audits, reviews, compilations, and tax returns for Tampa associations, from high-rise condominiums near the bay to townhome and suburban homeowners communities.

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Associations we work with in Tampa

  • Downtown and bayfront condominium towers
  • Mid-rise and garden-style condominiums
  • Townhome associations
  • Suburban single-family HOAs
  • Master and sub-associations
  • Mixed-use condominiums

Community associations in Tampa

Tampa sits at the head of Tampa Bay, with the Hillsborough River running through its center. Near downtown and along the bay, condominium towers and mixed-use buildings combine homes with retail and parking. Further out are older condominiums, townhome communities, and suburban neighborhoods governed by homeowners associations.

The city has kept growing, both upward near the core and outward on its northern edge. As a result, many associations are relatively young and some boards are still early in owner control.

Financial questions Tampa boards are working through

Turnover from the developer

When owners take over a newly built tower or subdivision, they inherit records, contracts, and reserve balances they did not create. Financial statements around the transition give the new board a reliable baseline. Legal questions about the developer's obligations are for the association's attorney.

Mixed-use buildings and shared costs

Where residential units share a building with commercial space or a garage, costs are often split under the governing documents. The financial statements should show those allocations clearly so owners can see what the residential side pays.

Insurance on the bay

Waterfront property on Tampa Bay carries windstorm and flood exposure. Boards need to understand how coverage costs affect operating funds and reserves, and how that ties to the reporting level set by Florida's requirements.

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 Tampa associations

We work with condominium and homeowners associations in Tampa 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 Tampa 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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We work with associations throughout Florida.