Community Financials Goes to CAIs 2025 National Conference & Exposition

Community Financials Goes to CAIs 2025 National Conference & Exposition

On May 8th and 9th 2025, Chris Elmore (Sales Director) and I joined 2,500 other attendees at the Community Association Institute Annual Conference & Exposition in Orlando Florida. This event is geared towards community managers, and the expo is packed with vendors that cater to Community Associations. I wanted to connect in person with our…

Corporate Transparency Act Blocked: What It Means for Community Associations

Corporate Transparency Act Blocked: What It Means for Community Associations

In a significant development, the U.S. District Court for the Eastern District of Texas issued a preliminary nationwide injunction on December 3, 2024, halting the enforcement of the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements. This ruling blocks the requirement for businesses, including community associations, to file their BOI reports…

Insulate Your HOA and Condo Accounting from Interruptions from Staff or Natural Disasters

Insulate Your HOA and Condo Accounting from Interruptions from Staff or Natural Disasters

In the fast-paced world of Homeowners Associations (HOAs) and condominium operations, consistency and reliability in accounting are essential. Interruptions can arise from various factors, including staff illnesses, vacations, or unexpected natural disasters. Implementing strategic measures is crucial to protect your accounting processes and ensure smooth operations. The Danger of Limited Staffing One significant pitfall many…

Florida House Bill 1203: HOAs Must Provide Online Access to Community Information Coming to Your State?

Florida House Bill 1203: HOAs Must Provide Online Access to Community Information Coming to Your State?

Starting January 1, 2025, Florida’s Homeowners Associations (HOAs) will face new requirements regarding online access to community information, thanks to the recently signed House Bill 1203. This legislation aims to enhance transparency and accessibility for homeowners by mandating online portals where residents can access essential documents and information. Your community may not be in Florida,…

CAI Board of Trustees Approves Legal Action Against Corporate Transparency Act

CAI Board of Trustees Approves Legal Action Against Corporate Transparency Act

Community Financials, a Business Partner member of Community Associations Institute, is pleased to share the latest information with our network. In June 2024, the Community Associations Institute Board of Trustees voted to file a lawsuit seeking an exemption for community associations from the burdensome provisions of the Corporate Transparency Act. This action further underscores the…

Corporate Transparency Act Update: Ruled Unconstitutional by Federal Court

Corporate Transparency Act Update: Ruled Unconstitutional by Federal Court

There is a new development regarding the Corporate Transparency Act.  A Federal court ruled the Corporate Transparency Act is unconstitutional. See below from the Community Associations Institute (CAI): Resources:CAI Corporate Transparency Act ResourcesCall to Action = Contact your Senator TodayFederal Court RulingNational Small Business Association Announcement Forbes Article For the time being compliance with the CTA…

Community Financials Welcomes Shannon McGuire as its Newest Client Manager

Community Financials is growing and we continue to add the best personnel to ensure you receive great service. We’re pleased to introduce Shannon McGuire as our newest Client Manager on the Tops Team!  This role provides Boards with a primary point of contact to work with. She will answer questions related to financial reports, help…

Upgraded Phone System & Call Handling for Community Financials

Upgraded Phone System & Call Handling for Community Financials

At Community Financials, one of our core values is delivering WOW Service.  WOW Service stands out from the industry average service.  A core value helps us make decisions as a company on where to make investments.  Over the last few months, we’ve made some blog-worthy investments. Upgraded phone system & call handling for Community Financials…