Once a year, most commercial tenants receive a CAM reconciliation: a statement comparing the common area maintenance charges they paid during the year with the landlord’s actual costs, followed by a bill for the difference or, less often, a credit. Most tenants pay it. But a CAM reconciliation is a calculation the landlord prepared under […]
How Tenants Can Check a CAM Reconciliation: A Line-by-Line Checklist Read More »
NYC Commercial Rent Tax explained: the 96th Street boundary, the $250,000 tax threshold vs the $200,000 filing threshold, the 3.9% effective rate, both credits, and the filing calendar.
NYC Commercial Rent Tax: Who Owes It and How It’s Calculated Read More »
HOA accounting explained: operating vs reserve fund accounting under ASC 972, reserve studies, state audit thresholds, and the annual Form 1120-H vs 1120 tax election.
HOA Accounting: Fund Accounting, Reserves, and the 1120-H Decision Read More »
A complete ASC 842 worked example of tenant improvement allowance journal entries, from commencement through depreciation, including the book-tax difference.
Tenant Improvement Allowance Journal Entries: A Complete ASC 842 Worked Example Read More »