HUD Surplus Cash – For-Profit

Surplus Cash Overview For-profit HUD projects are given the opportunity two times a year to distribute surplus cash to the owners involved in the property. These biannual distributions always depend on calculating the property’s surplus cash and must be in...

When is it Safe to Shred My Property’s Financial Documents?

If you’re like many affordable housing property owners or managers, you’re likely swimming in paperwork and files, desperate for decluttering. While there are many documents you can dispose of, there are many that are critical to your property’s compliance and legal obligations.

5 Tips for Studying for the CPA Exam

Our team members are no strangers to the challenge of taking the CPA exam, so they shared their tips, tricks, and advice to those embarking on this journey. No strategy is one-size-fits-all, but by learning what worked well for others, you may piece together what works best for you.

How to Respond to Questions About a FASSUB Submission

When the end of your audit is in sight, the last thing you want to do is answer follow-up questions from HUD about the numbers you submitted. However, these questions are usually easy to answer and will help avoid strongly worded letters and hefty fines.

Should I Get an Audit Even If It’s Not Required?

Though there are many benefits to getting an audit of your financial statements, it’s not always required. Make sure you understand your organization’s financial obligations and goals before seeking what may be an unnecessary expense.