Labor Unions & Multi-Employer Benefit Plans
Our professionals have been providing audit and accounting services to Organized Labor Union and related Multi-employer benefit plans for more than 30 years. We understand the unique reporting requirements that they face.
As these reporting requirements become increasingly complex, our clients rely on us to provide accurate and timely financial information, enabling business managers to operate the union in an effective and efficient manner. We design our audits and financial statements to ensure that these organizations remain in compliance with all governing agencies including Internal Revenue Service, U.S. Department of Labor, ERISA as well as any internal Labor Union reporting.
Industry Insights
Mastering the Art of Working *On* Your Business, Not *In* It
Running a business requires a delicate balance between day-to-day operations and long-term growth planning. The difference between working *in* your business and *on* your business is crucial to understand for your business to reach sustainable success. Working *in*...
An Update on Employee Retention Credit Claims
Did you claim the ERC (Employee Retention Credit) and are you still waiting for it to be processed? The IRS suspended processing of ERC claims submitted after September 14, 2023, amid allegations of widespread fraud. There is good news for the businesses that were...
FTC Unsuccessful in Court Challenges of Non-Compete Agreements
The recent overturning of the Federal Trade Commission’s Non-Compete Clause Rule that would have rendered most non-compete clauses unenforceable has reignited debate over workers' rights and business protections. This decision, which preserves the ability of employers...
What Does the Future Hold for Social Security and Medicare?
Each year, the Trustees of the Social Security and Medicare trust funds provide detailed reports to Congress that track the programs' current financial condition and projected financial outlook. These reports have warned for years that trust funds would be depleted in...
Spotlight: Milton & Betty Katz JCC
For more than 110 years the Jewish Community Center has been a focal point of the Atlantic County community. We have been a place where families come together, Jewish culture thrives, children are cared for and their futures shaped. The Atlantic County community has...
Breaking News: Non-Compete Agreements Banned by the FTC, But Will it Last?
On Tuesday April 23, 2024, the Federal Trade Commission (“FTC”) issued a final rule that prohibits making or enforcing non-compete provisions for the majority of employees. The rule is expected to be effective on or around August 21, 2024. On the effective date of the...