Labor Union Accounting

union_yesSchultheis & Panettieri, LLP has been servicing labor organizations for over 80 years. As a result, our depth of knowledge is unsurpassed. We are widely used by labor throughout the eastern seaboard and are proud to be associated with organizations that strive to elevate the worker and provide for the well being and security of members and their families.

We have extensive experience with labor organizations in various trades. Our labor clients include, Local Unions, District Councils, International Unions, Conferences, Cooperative Trusts, Labor Councils, and Labor Federations.

Our specialized focus in the labor market results in a depth of understanding of the varied accounting and regulatory issues facing Executive Boards and governing bodies today. With a dedicate Compilations_vs_Reviews_vs_Audits

ReportsRequiredRevised staff of over 40 accounting professionals servicing our labor clients throughout the year, we understand what it takes to service a labor organization.

We provide a wide range of accounting services to our clients including:

  • DOL Form LM-2, LM-3, and LM-4 preparation
  • DOL Form LM-1 preparation
  • DOL Form LM-15 and LM-16 preparation
    • (Click here for general information about the LM Reports required by the Labor-Management Reporting Disclosure Act of 1959)
  • IRS Form 990, 990-EZ and 990-N preparation
  • Form 1120-POL preparation
  • Administrative expense allocation studies
  • Internal control studies
  • Forensic audits
  • Financial statement preparation
    • Audits, Reviews, and Compilations
      • (Click here for a description of these services)
    • Forecasting and Budgeting
  • Information technology consulting

We make every effort to assist clients in completing their required filings when due. We rarely put our client’s returns on extension for matters under our control.

We have also assisted many labor organizations in navigating the special process of merging. We understand the complexity of these situations and provide guidance every step of the way.

Our understanding of labor organizations and our daily involvement gives us the unique ability to be a resource to enable Executive Boards and governing bodies in making informed decisions. Regardless of your craft or jurisdiction, we possess the knowledge and resources to handle your accounting needs.