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CPA SERVICES
Reliable Property Management is able to provide full accounting and audit services with Anais Pozo as the head of the accounting department.
Anais is a Certified Public Accountant (CPA) with a comprehensive background in accounting and audit. She holds a bachelor’s degree in accounting from Florida International University and a master’s degree in accounting from the University of Miami.
She began her professional career at Kaufman Rossin, a reputable mid-size accounting firm, where she worked in the audit department from 2021 to 2024. During her tenure at the firm, she excelled in her role, supervising staff, preparing financial statements, and performing various audit procedures. Her attention to detail and commitment to
excellence earned her recognition within the firm and among clients.
In mid-2024, she transitioned to a new role at Reliable Property Management Services Inc. she oversees the accounting department and provides critical accounting services. Her responsibilities include supervising association audits, association tax returns, and offering bookkeeping and tax preparation services for individuals & small businesses.
Her diverse expertise and dedication to her profession have made her a respected figure in the accounting community. Her leadership at Reliable Property Management Services Inc. continues to drive the company’s success and growth, while her ongoing commitment to providing top-notch accounting services ensures that her clients receive
the highest level of financial guidance and support.
Tax Services:
While most associations operate as not-for-profit corporations, they are not tax-exempt. Condominium associations have the flexibility to choose between two income tax forms each year, which affects whether certain income types are taxed or exempt. Even if there is no taxable income, the association must file the required tax forms annually. Reliable Property Management can help evaluate tax planning options and guide the association in selecting the best approach to minimize income tax.
Audits - Reviews - Compilations:
Boards of Directors often need assurance that their financial statements accurately reflect their organization's financial position. Florida statutes also mandate specific financial statement requirements based on various factors. There are three levels of assurance available to meet your association's needs:
Audit – Highest Level of Assurance: An audit provides the most comprehensive service CPA can offer. The CPA gives an opinion on the fairness of the financial statements, following generally accepted auditing standards. This includes testing evidence supporting amounts and disclosures, evaluating accounting principles and estimates, assessing fraud risk, and reviewing the overall presentation of the statements.
Review – Limited Assurance: A review involves inquiries with management and analytical procedures applied to financial data. It offers limited assurance that nonmaterial modifications are needed for the statements to comply with generally accepted accounting principles. This level of assurance is more reliable than a compilation butless thorougher than an audit.
Compilation – Lowest Level of Assurance: A compilation involves organizing financial data into a statement format without expressing an opinion or providing assurance.
Under Florida Statutes 718 and 720, associations must adhere to specific financial statement requirements based on annual revenues:
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Under $150,000: Report of cash receipts and expenditures
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$150,000 - $300,000: Compiled Financial Statements
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$300,000 - $500,000: Reviewed Financial Statements
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$500,000 and above: Audited Financial Statements
Revenue calculations include maintenance fees, earned income, and non-recurring revenues. Even associations with modest budgets might need higher-level statements.
Associations can opt to waive these reporting requirements if a majority vote to do so before the fiscal year ends. This waiver is only valid for the current fiscal year.