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
New Jersey has your Back: Health Care Heroes Violence Protection Act
According to Debbie White, HPAE President, "Health care workers are five times more likely to be assaulted than any other workforce", a horrifying statistic. New Jersey is joining other states to legislate protections for this critical profession. On May 8, 2023,...
Bonus Depreciation Phase-Out
As we all may be aware, the 2017 Tax Cuts and Jobs Act (TCJA) benefited businesses by providing 100% bonus depreciation on certain qualified assets. As this provision started phasing out at the end of 2022, businesses should already be thinking about how this will...
Digital Payment Scams Information
Digital payment platforms are becoming a more popular, quick, and convenient way to send money. As the use of P2P apps, such as Venmo, Cash App, and Zelle, continues to rise, unfortunately, so do the scams. Fraudsters are becoming trickier with their scam tactics in...
Physicians Getting Back to Private Practice
Is it time to be your own boss? Private practice may be the answer best suited for physicians desiring a degree of autonomy and work-life balance that they may not be able to get from employment at hospital systems. Some physicians may be motivated toward private...
Employers Beware: The Consequences of Misclassifying Employees in New Jersey
You may have heard about the ride-share mega-giant, Uber Technologies Inc., and its subsidiary, Rasier LLC, submitting a payment of $100 million to the New Jersey Department of Labor and Workforce Development’s (NJDOL’s) Unemployment Trust Fund after an audit...
Posters -Not Only For Dorm Rooms: New Requirements for Healthcare, Employers & Others
While end of summer activities may traditionally include the purchase of a poster or two for a college dorm room, some new requirements may warrant adding other posters to your shopping list. On August 3, 2022, New Jersey Department of Law and Public Safety announced...