New residential management companies rule aired

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Nick Huber
Freelance journalist
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Accounting rules for companies managing residential property are set to change in an effort to make them clearer. Nick Huber reports that the proposed changes will affect many accountants and their clients.

The rules for how residential management companies (RMCs) account for transactions have confused and irritated AccountingWEB members over the last couple of years.

One source of confusion is...

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