Articles Archives

Merriam Webster Dictionary’s definition of an audit – “A formal examination of an organization or individual's accounts or financial situation,…

WilkinGuttenplanNovember 15, 2018

A personal insurance coverage that many people don't understand is Loss Assessment Coverage. Every association has a set of bylaws, and…

WilkinGuttenplanNovember 15, 2018

One of the most important planning tools for an Association is its annual budget. It is important that the Association’s…

WilkinGuttenplanNovember 15, 2018

What is Form ST-8? The Form ST-8 (certificate of exempt capital improvements) is to be used when the association is…

WilkinGuttenplanNovember 15, 2018

Background Bad debt has become a hot topic and a significant expense for many condominium and homeowner Associations (“Association(s)”). Concern…

WilkinGuttenplanNovember 15, 2018

In the fight against delinquent unit owners, New Jersey’s Condominium Associations have a unique tool at their disposal – the “super”…

WilkinGuttenplanNovember 15, 2018

Recently, some banks have been offering a hybrid investment known as a "market-linked CD" (MLCD). While these investments may be very…

WilkinGuttenplanNovember 15, 2018

In 2007 the New Jersey bulk sales law was expanded to apply to all transactions involving the sale of any…

WilkinGuttenplanNovember 15, 2018

As Board members and unit owners receive copies of their Association’s annual audited financial statements, the issue of Interfund Balances…

WilkinGuttenplanNovember 15, 2018

Just about four months have gone by since the passage of the Tax Cuts and Jobs Act and taxpayers and…

WilkinGuttenplanNovember 15, 2018