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
Ask an Accountant: What is Use Tax?
I file a Sales & Use Tax every month based on my taxable sales. I never remit Use Tax. What is it? Generally, Use Tax is due on out-of-state purchases of goods or services that would have been subject to sales tax had they been purchased New Jersey on which either...
Home Office Expenses: What you need to know
If you use part of your home regularly and exclusively for business you may be entitled to a deduction for the expenses associated with maintaining that work space whether you are self-employed or an employee. However, for an employee expenses are deductible only if...
It’s January: Time to Prepare for Tax Season
by Clayton Himstedt, CPA Now that the holidays are behind us, we can start focusing on everyone’s favorite time of year, tax time. Throughout the month of January, your 2015 tax documents will begin arriving in your mailbox. The best time to provide your tax...
Business Health Checkup: Business Performance
When we think of business performance consulting or business financial consulting, we may think of these services as appropriate for struggling or underperforming businesses. In our years of consulting, that is not the typical situation. While we work with some...
Choosing the Right Business Entity
By: Michael Salad There are numerous reasons why owners should form business entities. One of the most common questions that arise is what type of business entity a business owner should form. Many business owners wish to form a limited liability company (“LLC”)....
Ask Your Accountant May 2016
I am opening a new business that will be operating as a partnership. How do I draw a paycheck? ~ Carrie Gill You don’t. Partners, and members of LLCs taxed as partnerships, are considered to be self-employed, not employees when performing services for the partnership....