27/01/2015

27/01/2015

A Guide To Owner Management Companies

Over the coming months we are going to post a number of blogs covering Owner Management Companies (previously known as Property Management Companies). In these blogs we will cover some of the main elements of OMC’s, some of the issues associated with accounting for them and some of the pitfalls of OMC’s such as:
  1. Multi-Unit Development Act 2011 – 4 years on
  2. OMC’s - Directors Report v’s MUD Annual Report
  3. OMC’s - Directors responsibilities
  4. OMC’s – Service charge debtors – recoverability and provisions against long term debtors
  5. OMC’s – Sinking fund (building investment fund) reserve
Watch this space.

What questions do you have?

We are happy to help. Please post your comment below or contact our Audit Service Director Will Townsend (wtownsend@cooneycarey.ie) on 01 677 9000. If this article helped you, please share it with other businesses.