- (818) 927 1001
- Mon to Fri 09:00 - 05:30
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We have over 10 years of extensive experience in providing Management, Accounting, Tax Return Preparation, Reserve Study, and Payroll services to Homeowner Associations, Apartment Building Owners, and Property Management Companies.
We provide first-class services with a very talented and experienced team. Our goal is to provide high-quality services at an affordable price.
We are a one-stop solution for all your needs.
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We provide first class Accounting, Tax Return Preparation and Payroll services for the apartment building owners and property management companies that mange apartments.
Bookkeeping is one of the most important things when it comes to rental property, so it's important to do it right. As a landlord or the property manager you always want to know how your properties are performing.
We provide Accounting, Tax Return and Payroll services for rental properties.
We handle all aspect of the collection process from start to finish. Our extensive experience will assist the property management companies, board members and property owners to recover the fund in a best professional collection methods.
Nonprofit organizations are required to prepare the budget using Zero Base Budgeting technique. Association must budget so that revenues do not exceed expenses.
We assist board members and property managers with budget preparation.
Articles of Incorporation:
We file Articles of Incorporation with California Secretary of State.
Exemption Application:
We obtain an exemption status from Franchise Tax Board for you Homeowner Association. The benefit is significant because exempt associations are subject to the income tax rules rather than the franchise tax rules. Organizations that fail to receive tax exempt status from California are subject to the minimum franchise or income tax.
Professional website services for Homeowner Association and Apartment Building.
Features: Password Protected Content, Online Payment, Creative Design.
Property Management, Accounting, Tax Return Preparation, Reserve Study, Collections, & Escrow Services
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Even though associations are nonprofit and generally not subject to property taxes, they must file income tax returns both with California's Franchise Tax Board (FTB) and with the Federal Internal Revenue Service (IRS) and, if necessary, pay taxes. (Internal Rev. Code 528).
Incorporated community associations must pay a minimum annual corporation tax of $800 unless receive an exemption by filing FTB Form 3500. If granted, HOAs are still required to annually file Form 199 and pay taxes on net nonmember income.
Beginning January 1, 2019, boards of directors must review their association's financial records on a monthly basis. (Civ. Code §5500.) This includes:
a current reconciliation of the operating accounts,
a current reconciliation of the reserve accounts,
the current year's actual operating revenues and expenses compared to the current year's budget,
the latest bank statements for operating and reserve accounts,
an income and expense statement for the association's operating and reserve accounts, and
the check register, monthly general ledger, and delinquent assessment receivable reports.
It is a written report that evaluates the common area of the association. It provides guidance on how much your association should be setting aside each month for reserves so it can meet its future obligations without special assessments. Reserves are needed to pay for the replacement of common area components such as roofs and parking lots and to pay for major maintenance items such as exterior painting. The California Civil Code sets forth the minimum requirements for reserve studies.
Our Financial Package is designed for management companies who wants to focus on their management aspect rather than financials services and self managed Homeowner Associations.
The package includes the following:
Accounts Payable, Accounts Receivable, Annual Budget Preparation, Financial Reports, Bank Reconciliation, Assist with Escrow, & Tax Return Preparation.
I am a Board Member and the President of our HOA and have been working with California HOA Solutions for a while.They are very helpful and professional handling our Association. Financial reports are very easy to read and accurate. They prepared our HOA Tax returns and helped us with our website. I highly recommend their services!
I found this company through interactive search and ultimately decided to selected them to manage my property. They are excellent in taking care of my property and providing accurate financial statements on a monthly basis. Would highly recommend!
I am a Board Member and the President of our HOA and have been working with California HOA Solutions for a while.They are very helpful and professional handling our Association. Financial reports are very easy to read and accurate. They prepared our HOA Tax returns and helped us with our website. I highly recommend their services!
I found this company through interactive search and ultimately decided to selected them to manage my property. They are excellent in taking care of my property and providing accurate financial statements on a monthly basis. Would highly recommend!
By far the best property management company that I've ever worked with. Highly recommended!!
This company has really turned our association around from where we were a year ago. Since they have been managing our association, They provided reserve study for our community & we have increased our reserves by 30%,. They are taking care of past due balances (Collection) and all escrow related activities. They are very patient with our requests. Thank you for your services!
I am a board member of a small HOAs which is always self-managed. Recently CA HOA Solutions assisted us with Franchise Tax Board. Our Association was suspended due to not filling prior year tax returns. Because of their excellent service we decided to hire CA HOA Solutions to take care of our month to month accounting services. Highly Recommended
9 AM- 5:30 PM Contact # (818) 927 1001
Emergency After Hours Contact # (310) 498 6250
Email: [email protected]