Get ready for an engaging and informative experience at the 2024 Community Associations Institute of North Carolina (CAI-NC) Annual Conference & Expo!
This year, three Ward and Smith attorneys —Adam Beaudoin, Matthew Jones, and Thomas Wolff—will take the stage to share their expert insights on crucial legal topics affecting community associations. Scheduled for August 22-23, this conference promises to be a highlight for professionals seeking to stay ahead in the industry with a mix of professional rigor and engaging discussions.
Presentation Overviews
Corporate Transparency Act: How It Applies to Community Associations
Speaker: Matthew Jones
Matthew will kick things off by diving into the intricacies of the Corporate Transparency Act and its implications for community associations. His presentation will cover:
- What is the Corporate Transparency Act?
- How does the Act apply to homeowners associations?
- What information must you submit to comply with the Act?
- How can an Association prepare to comply with the Act?
- What are the consequences of not complying with the Act?
- What are our ongoing responsibilities after our first submission?
Navigating Taxes for Community Associations (Did you know you're not tax-exempt?)
Speakers: Adam M. Beaudoin, CCAL, Ward and Smith and Eric Bregman, Earney, PLLC
Adam will join forces with Eric Bregman to shed light on how community associations are treated for tax purposes at both federal and NC levels. This session will debunk common misperceptions and provide:
- Insights into the partial tax-exempt nature of community associations
- Guidance on choosing between filing an 1120 or 1120H tax return
- Strategies to avoid paying Unrelated Business Income Tax
- Tips on handling excess member income in a given tax year
- Best practices for treating association bank accounts for tax purposes
- The value of an audit if the IRS comes calling
Participants will walk away equipped with practical tools to minimize their community associations' tax burdens.
Sail Around Today's Legal Pitfalls in Collecting Unpaid Dues
Speakers: Thomas Wolff, Attorney, Ward and Smith and Pamela Linn, AMS, CMCA, President, Associate HRW Management
Thomas and Pamela Linn will address the significant changes brought about by the CFPB's final rule and how these affect community associations' ability to collect on delinquent accounts. Their presentation will include:
- An overview of the new collections framework
- Practical guidance and best practices for ensuring compliance
- Strategies for addressing common issues faced by community managers and board members
This session is designed for community managers, account managers, board members, and legal professionals.
Adding a fun twist to the day, Adam Beaudoin will participate in CAI-NC's version of Family Feud! Exhibitors are welcome to join managers and board members in the Ballroom at 12:30 for this after-lunch programming and entertainment—a lighthearted way to connect while enjoying a classic game show.
The 2024 CAI-NC Annual Conference & Expo is SOLD OUT. For more information, visit https://members.cai-nc.org/eventcalendar/details/cai-nc-2024-annual-conference-expo-1132080.
