Labor Organizations or more commonly, labor unions, are organizations that act in the benefit of their members. There are positions that run the organization and an executive board that brings new ideas for improvement to its members. Ultimately members are responsible for being proactive and ensuring that the funds garnered through donations, fundraisers, and member dues are spent wisely. These funds generally go towards providing resources to members in times of emergencies, furthering member education and training, legal assistance, and collective bargaining.
On top of all of the details a labor union is responsible for they must also keep perfect financial records of monies received and spent…down to the penny. Islip + Company has been a leader in the world of labor union finance. We specialize in accounting services for labor unions and recognize that every labor union is going to have different needs and goals so we will work with your organization to provide first class tailored accounting services. We specialize in audit and accounting services for labor unions. We can create the necessary procedures, systems, and controls to help your union run efficiently. Some examples of the services we offer include, but are not limited to:
1) Bookkeeping Services for Labor Unions
2) Financial Statement Preparation
3) Payroll Processing
4) Advisory Services for Labor Union Management
5) Guidance in accordance with the regulations of your board, the Department of Labor, the Internal Revenue Service, the Franchise Tax Board, and your international union office
6) Dues Management
As always, we work in compliance with all rules, regulations, and requirements established by the Internal Revenue Service and the United States Department of Labor. We understand that labor organizations have very complex requirements that must be met. As the result we provide thorough, detailed services and we are ready to meet and exceed your expectations and desires.