Important Notice – Proxy Mailing

Please be aware that over the next couple of days all Reflections homeowners will be receiving proxies pertaining to how are reserves are managed. We as a community are now allowed to “pool” reserves which provides a great opportunity for us to use excess funds as they are needed, instead of by line item.

It is important that all those receiving proxies take the time to return them via mail or return them in person at the upcoming meeting. 

There has been a special Board Meeting arranged to allow for this amendment to our documents. This Board Meeting will take place May 23 at 6:30 pm at the Greenacre Properties office. The address is 4131 Gunn Highway. There will also be a standard Board of Directors meeting immediately following the Amendment Meeting.

Please help us to amend the documents by returning your proxy, and by ensuring your neighbors do as well.

Amendment Meeting – May 23 at 6:30 pm
Board of Directors Meeting – Following the Amendment Meeting
_____________________________________________________________
Greenacre Properties
4131 Gunn Highway, Tampa

 

Board of Directors Meeting – Thursday, March 15

We hope to see everyone at our Board of Directors meeting scheduled for Thursday, March 15 at 6:30 pm. The meeting will be held at the Bethany Center, located off Pheasant Woods Drive in our community.

Also planning to be in attendance is our Community Resource officer. They will be available to answer any questions or concerns you may have about our community.

Deputy Resource Officer

Please be advised we have been assigned a new Deputy Resource Officer for our community. Her name is Ashley Alvarez and she can be reached at 813.242.5558. Should you have any non-emergency concerns about our community that you would like to report to the Hillsborough County Sheriff’s Office we encourage you to call her.

Deputy Ashley Alvarez
813.242.5558

 

 

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How the Tax Cuts and Jobs Act Impacts U.S. Tax Returns

Virtually all taxpayers will be impacted by the tax reform. Many of the changes will not affect individual taxpayers’ tax liability until they file their 2018 tax return in 2019.

New tax brackets, rates and loss of exemptions impact most taxpayers

The elimination of a more than $4,000 benefit in 2018 for each taxpayer, spouse and qualifying child or relative will affect most taxpayers. This benefit, the personal and dependent exemptions, reduces income. Without it, more of a taxpayer’s income is subject to taxation.

For example, in 2017 a married couple with 2 children has $12,700 standard deduction plus personal exemption (per person $4,000) = $16,000 meaning the first $28,700 income is not taxed

Same couple in 2018 will get a standard deduction of $24,000, the personal exemption is no longer available, and they will have to pay taxes on more than $4,900 of their income they previously wouldn’t have. If they have a tax rate of 15 percent, they will pay almost $735 in additional taxes.

Those who usually itemize deductions, including mortgage interest, real estate taxed paid, charitable contributions, might no longer find it beneficial if the standard deduction is now larger than the expenses they can itemize.

Changes to child-related tax benefits impact families

Also, families will be affected by the loss of the personal exemption of more than $4,000 per person. However, taxpayers whose income falls under $400,000 if married filing a joint return and $200,000 otherwise, will receive an increased child tax credit of up to $2,000 for every qualifying child. Families with dependents over the age of 17 may also qualify for a new family tax credit of $500 per dependent that does not qualify for the child tax credit. The increased child tax credit, new family tax credit, along with the larger standard deduction, may or may not make up for the loss of the personal and dependent exemptions. For larger families and families that previously itemized, the impact of the elimination of the personal exemption will be magnified.

Corporate tax

The Corporate tax rate will fall from 35% to 21%, while some related business deductions and credit would either be reduced or eliminated

This information was provided by:
Monika Patel,
Master Tax Advisor, EA
H&R Block
Van Dyke Commons
Tel: 813 264 9416

Updated Approved Paint Colors

In an effort to continue improvements to our community, the ACC Committee recently recommended adding new colors to our approved list of Neo-Traditional themed house colors. This recommendation was recently approved by our Board of Directors as those new colors have been updated on our website.

If you are planning to paint your house it should be noted that you are required to first submit an application to the ACC Committee for approval. This process is required even if you plan to repaint your home the same color as the current color.

To view the updated list of approved paint colors we have provided a link here:
Approved Community Paint Colors – Updated 8/15/17

Community Pool Closed – Hurricane Irma

Dear Reflections Residents,

The Board of Directors has decided for the safety of our residents to shut down the community pool and secure the furniture at 5pm on Saturday. The pool will remain closed until further notice.

Thank you for your understanding. Stay safe everyone.

The Board of Directors

Board of Directors Meeting – August 15

Dear Residents,
Our next board meeting will be held on August 15th at 6:30pm at the Bethany Center. We are getting ready to start the budgeting process and if anyone has any suggestions on how to improve our community, this is the time to have your voices heard.
Thank you,
The Board of Directors

Board of Directors January Meeting Minutes

Dear Residents,
In an effort to keep everyone better informed of board initiatives and community news we will be posting the meeting agendas and minutes on a regular basis,  Please keep in mind that the meeting minutes will always be a meeting behind since they get approved at the following meeting. For example, we are posting the January Meeting Minutes as they were approved at our last board meeting in March. So January’s meeting minutes are the only one posted so far since they were approved at the last meeting in March.