Q:  I am the chairperson for the social committee of my homeowners association (HOA). Our bylaws state that the HOA compensates committee chair positions by waiving their annual HOA assessments, after serving a full year on the committee. The members of the board of directors are not compensated. We have a new board that was […]

This week’s column was written by my colleague Courtney R. LaLone, CPA, with LBA Haynes Strand, PLLC in Matthews, North Carolina. His practice focuses on financial and tax advice to community and condominium associations.      Fraud and embezzlement can cause a homeowners’ association’s (“HOA”) board of directors a lot of time, money, and energy. […]