Orlando and Altamonte Springs, FL (May 16, 2014) — Ray Bastin and Lena Combs, with Averett Warmus Durkee (AWD) — Central Florida-based accountants providing assurance, accounting and tax compliance services to timeshare and vacation ownership developers, HOAs and other businesses — addressed attendees of the Timeshare Board Members Association (TBMA) meeting in Orlando earlier this month.
The two CPAs provided advice to board members on how to assess a resort’s financial health saying, “Truly understanding and evaluating the financial health of your association is an ongoing task that provides great value to the association. It can help you identify any problems or issues and take action before the problems are too big to correct.”
After hearing Bastin and Combs discuss how to use historical data about various items such as reserves, maintenance fee delinquency rates, management’s accounting capability and cash flow to better gauge an HOA’s financial footing, audience members engaged in a lively Q and A session. If attendees desired additional information, they were encouraged to write to [email protected] and [email protected]
Averett Warmus Durkee (AWD) provides clients in timeshare, whole and fractional ownership associations and other industries with assurance, accounting, and tax compliance services. As the largest independent CPA firm in Central Florida, AWD also provides consulting services to clients for business acquisitions and dispositions and advises clients on ways to improve their internal processes while providing them with relevant information needed to make timely, critical decisions. For further information about AWD, contact Tom Durkee ([email protected]) or Lena Combs ([email protected]) at (407) 849-1569 or visit www.awd-cpa.com.
Sharon Scott, RRP
SharonINK PR & Marketing
[email protected]; 310-923-1269
Averett Warmus Durkee
[email protected]; 407-849-1569