Focusing on all the areas of your labor union’s operations can hold many challenges. Government regulations are continually changing and keeping pace with those changes while having your members’ best interests at heart requires time, resources and expertise. Withum’s Labor Organization Services Team can provide you with experienced professionals specializing in supporting all aspects of your organization’s business needs.
Our team has experience assisting private and public sector labor organizations and unions, political organizations, related building corporations, scholarship funds and labor-management funds to achieve their goals. Whether looking to enhance financial reporting and better comply with the maze of regulations and rules or increase performance to work more efficiently and effectively, Withum offers a solution for these challenges.
Comprehensive Services to Improve Labor Organization Operations and Compliance
Labor Organization Accounting and Advisory Services
- Financial Statement Audits
- Beck Calculation Audits
- IRS and State Tax Compliance: Forms 990, 990-T and State Reporting
- Forensic Auditing
- Budgeting
- Internal Control Evaluation and Consulting
- LMRDA Compliance Including LM Preparation, Review and Consulting
- Migration to Technology-Driven Business Solutions
- Shared Expense Allocation Studies
- Human Resource Compliance and Consulting
- Outsourced Accounting Services
- General Business Consulting and Advice
- Merger Due Diligence and consulting
- Cybersecurity Evaluation and Assessment
- Expense Report Compliance
- Data Security and Retention Consulting
- Salary Surveys and Benefit Comparisons
- Local Union Officer Training and Education
- Operational Reviews
- Recordkeeping Evaluation
- Business Transformation
Labor Organization and Union Industry Challenges and Trends
Ensuring you’re following government guidelines and compliance rules properly can be overwhelming as these rules and regulations can sometimes be confusing or hard to interpret. We offer you “peace of mind” by helping you stay compliant with the Department of Labor Office of Labor Management Standards (OLMS) and Internal Revenue Service (IRS).
Our Solutions
Finding ways to keep current members engaged and advocating for the benefits of membership is a current focus for labor organizations. Intranets, member portals and dashboards are effective tools to increase insightfulness, communication and engagement.
Safely housing union member data is a top concern with data piracy on the rise. Do you have ample policies, systems and best practices in place to protect member data and internal and external controls? Assessments can help you create a data security plan that fits your organization’s data security needs.
Our Solutions
Leadership
Featured Insights
Two Years Later – Predictions of COVID-19 Fraud Have Become Reality
Now that we have surpassed the 2-year mark of lockdowns, shutdowns, and letdowns – what was expected by forensic accountants on day one has become painfully clear. Ultimately, based on […]
Ethical Hacking – Learn How To Be Proactive
According to recent statistics, a hacker attack occurs every 39 seconds. Hackers can steal 75 records per second. Sixty-six percent (66%) of businesses attacked by hackers were not confident they […]
They’ve Got Mail: IRS Suspends Mailing Notices Until After It Opens Its Own Mail
On Friday, March 25, 2022, the IRS announced that it will suspend sending the notices that they generally mail to tax-exempt organizations resulting from what its systems believe is the […]
Testimonials
We are thrilled to have made the change to Withum. Withum is a complete full-service organization that has put the Local's best interests first. We are working with their OASyS practice, which has helped tremendously in meeting our accounting and finance commitments - with OASyS, we're getting better information faster, and have more confidence in our reporting.
Jeffrey Munyan, Assistant Business Manager | IBEW Local 1289