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Labor Union Auditors Since 1975
Lindquist LLP’s professionals have served as labor union auditors since the firm’s inception. The firm is proud of the reputation it has earned by working with many of the nation’s trade, service, public employee and industrial labor unions. The firm has expended tremendous resources, training and forethought to learn, and sustain, its knowledge of the unique language, structure and operations of labor organizations.
Lindquist LLP’s union auditors understand Department of Labor (DOL) and Internal Revenue Service (IRS) reporting requirements and the necessity of properly designed and maintained labor accounting records. Labor union clients rely on the firm for assistance with DOL Form LM-2 filings, IRS Form 990 filings, and development of related policies (e.g., conflict of interest, whistleblower, and document retention and destruction policies).
The firm’s auditors also recognize the unique needs and resources of each organization, from labor unions with a single bookkeeper to those with full-scale accounting departments. Labor union officers and accounting staff appreciate this knowledge and flexibility.
Labor Union Audit and Accounting Services
The professionals of Lindquist LLP help organizations comply with the Labor-Management Reporting and Disclosure Act of 1959 (LMRDA) and regulations of the Internal Revenue Code and applicable local taxing authorities. Some of the areas the firm frequently assists with include:
- Labor union audits, reviews and compilations
- Preparation of government forms (e.g., Forms LM-2, 990, 990-T, 1120-POL)
- Agency fee calculations (Fair share / Beck / Hudson audits)
- Assistance with political contribution reporting
- Outsourced accounting / bookkeeping and QuickBooks consulting
- Assistance in responding to regulatory agency inquiries (Internal Revenue Service, Department of Labor)
- Guidance / filing for tax-exempt status
- Supervision of elections
Management Letter Fix-it Guide: Segregation of Duties
Allowances, Reimbursed Travel Expenses, Use of Credit Cards: No Written Policy and Left Unattended is Risky Business
DOL Returns Subsidiary Reporting to Form LM-2
Form LM-30--The Final Rule
Resource for Labor Organizations--OLMS Compliance Tips
Sample Document Retention and Destruction Policy
Sample Whistleblower Policy
Sample Conflict of Interest Policy
Gearing Up for Your Labor Organization’s Audit
Five Simple Ways to Make Your LM-2 Filing Go More Smoothly
DOL Rescinds Form T-1 Trust Annual Report
New Web-Based Reporting System for Forms LM-2, LM-3 and LM-4
IRS Revises Form 990
IRS Form 990: Governance, Management and Disclosure
