Benefit Basics - getting organized

How organized are you? Do you have a compliance calendar? Do you know where to look to see your due dates for tax filings? How organized is your Microsoft Outlook calendar?

These are all questions you should ask yourself if you are a plan administrator ...

Full article

Please contact us for additional information

CARES and Families First Payroll Protection Acts - information for Benefit Funds and Labor Unions

The Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Families First Coronavirus Response Act both provide potential relief for nonprofit associations.
We are still awaiting important details on the many provisions of the Acts, but we wanted to provide a summary of some of the programs which will be of interest to our clients. We will update our materials as additional information becomes available.
We have provided sections below specific to your client type. Please check back to this page periodically for updates and further information.
Relief available to clients from these ActsLabor Unions
Eligible for:
Employee Retention Tax Credit
EIDL Loan or Advance

Employee Retention Tax Credit (for Unions)
How these programs interact with each other
SBA Payroll Protection Program and Economic Injury Disaster Loans
Tax filing extensions

Welfare and Pension Plans
Eligible for:
Employee Retention Tax Credit
EIDL Loan or Advance

Note: If the benefit…

CARES and Family First Acts provide potential relief for Unions

DOL establishes Form T-1

Today, the Office of Labor-Management Standards (OLMS) published a final rule establishing a Form T–1 Trust Annual Report which requires annual reporting by Form LM-2 filing labor organizations on financial information pertinent to “trusts in which a labor organization is interested”.

Follow this link for our client bulletin:

Bulletin

Please contact us for additional information

Novak Francella – Resources – Articles

Search This Blog