CAMS Management Blog

NEW NC SALES TAX WILL IMPACT ASSOCIATIONS BUDGETS

For those of us that manage associations in NC there was recently a House Bill that was passed that will impact our associations budgets effective 2017. In summary, The NC Dept. of revenue will be taxing certain service providers that provide goods and/or services to our services to your associations. I have included the language of the bill below. On a positive note the exceptions listed exclude landscaping services, pest control, road repairs, parking lot repairs, sidewalk repairs and janitorial services. There is still confusion if the materials they provide will be taxed. Also note that pool services, and other repair and maintenance items are not included. Consult with you service and material providers regarding what the impacts will be for your associations when drafting your 2017 budgets.  Read More


How to Run a Successful Association Meeting

A condominium or community association’s annual membership meeting requires thorough preparation to be successful. One of the first things a manager or board should do is review the association’s governing documents for any annual and special membership meeting requirements.  Read More


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