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SBA’s Paycheck Protection Program: Coronavirus Relief Act Offers Loans to Management Companies, Others

SBA’s Paycheck Protection Program: Coronavirus Relief Act Offers Loans to Management Companies, Others

Management companies and other vendors hit hard by the coronavirus may have some relief headed their way. On Friday, April 3, 2020, the application process opens for the Small Business Administrations’ Paycheck Protection Program (“PPP”). This $350 billion emergency program is part of the federal government’s $2 trillion federal coronavirus relief package, officially known as the CARES Act.

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LAC End of Legislative Session Report 2020

LAC End of Legislative Session Report 2020

Washington’s 2020 Legislative Session ended on March 12. The Washington State Chapter of Community Associations Institute (WSCAI) had a very successful year. The bills described below and outcomes noted are a small snapshot of the hundreds of hours of work by WSCAI’s Legislative Action Committee (LAC) and the Chapter’s professional lobbyists to advance the interests of homeowners living in community associations in Washington State.

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Coronavirus & Community Associations

Coronavirus & Community Associations

In Washington State, at least 19 people in King and Snohomish counties had been diagnosed with COVID-19 (as of noon Monday), and 9 people have died. CAI is monitoring the outbreak of the COVID-19 coronavirus and its impact on community associations on a national level, while WSCAI is monitoring on the local level.

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The Best 4 Financial Reports For HOAs & Condo Communities

The Best 4 Financial Reports For HOAs & Condo Communities

I hear it all the time, the board gets a stack of paper reports but doesn’t look at them. The reason why? I suspect information overload and not knowing what to look for in each report. It can be overwhelming for a community board member that isn’t used to looking at financial reports.

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Hitting a Moving Target: How to Stay on Budget this Fiscal Year

Hitting a Moving Target: How to Stay on Budget this Fiscal Year

Year after year, many associations struggle with the same concern: staying on budget. While there are certainly times where unforeseen expenses arise that send your budget into a tail spin no matter how proactive you were, there are a few steps your association can take to help your budget stay in the black by the end of the year.

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Let’s Play 20 Questions: Taxes and Audits

Let’s Play 20 Questions: Taxes and Audits

One thing is certain for community associations: An annual federal tax return. Another thing MAY be certain: an annual Certified Public Accountant (CPA) audit. If this is surprising to you, read on. If this is not surprising to you, read on anyway; as community associations are so unique in their tax treatment!

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JUNE 2020 ISSUE
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Calendar

August 2020

SunMonTueWedThuFriSat
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  • Communications Comm Mtg
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  • Law Day - Legal Sessions for Community Association Homeowners
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12
  • Board & Committee Chair Meeting
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19
  • Membership Committee Meeting
  • CA Day Comm Mtg
  • Community Outreach Committee Mtg - WSCAI
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  • Business Partners Comm Mtg
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