SEARCH Posts DOL Form T-1 March 31, 2021 Update: The OLMS will not seek to enforce the filing of the Form T-1 for one year from the original due date. Office of Labor-Management Standards (OLMS) published a final rule on May 30, 2019 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”. On March 29, 2021, the Office of Labor-Management Standards (OLMS) released News 01-2021 – Notice of a non-enforcement policy in connection with an intended rulemaking to rescind the Form T-1 Trust Annual Report. Follow this link for our client bulletin: Non-enforcement Policy Bulletin Please contact us for additional information SHARE READ MORE Recent posts American Rescue Plan Act - Information for Labor Unions and Benefit Funds March 17, 2021 On March 11, 2021 the American Rescue Plan Act became law. It makes important changes to relief available for Labor Unions and Benefit Funds. Please see our bulletin for additional information. ARPA Bulletin SHARE READ MORE DOL proposes changes to Form LM-2 October 07, 2020 The Office of Labor-Management Standards (OLMS) Department of Labor (DOL) is expected to publish a Notice of Proposed Rulemaking (NPRM) to modify the existing Form LM-2 and to establish a LM-2 Long Form (LM-2 LF). Please follow this link for our client bulletin: Bulletin Copies of the draft LM-2 and LM-2 Long Form can be accessed by following these links: Draft - LM-2 Draft - LM-2 Long Form Please contact us for additional information SHARE READ MORE CARES and Families First Payroll Protection Acts - information for Benefit Funds and Labor Unions April 01, 2020 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 Acts Labor 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 Re SHARE READ MORE We're Open for Business March 31, 2020 Our firm has been deemed “Life Sustaining” which allows us to remain open. Please see our bulletin regarding our ongoing operations: We're Open for Business SHARE READ MORE CARES and Family First Acts provide potential relief for Unions March 31, 2020 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 Union clients. We will update this bulletin as additional information becomes available. Update for Union Clients SHARE READ MORE IRS Extends Filing Deadline March 25, 2020 The Treasury Department and the Internal Revenue Service has provided special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak, by extending the 2019 tax filing deadline from April 15, 2020 to July 15, 2020. Please see our bulletin below for more information: Bulletin SHARE READ MORE MORE POSTS Powered by Blogger Deze site gebruikt cookies van Google om services te leveren en verkeer te analyseren. Je IP-adres en user-agent worden met Google gedeeld, samen met prestatie- en beveiligingsstatistieken om servicekwaliteit te garanderen, gebruiksstatistieken te genereren, misbruik te detecteren en maatregelen te treffen.MEER INFORMATIEOK