Legacy Professionals News

Under the Labor-Management Reporting and Disclosure Act of 1959 (LMRDA) union officers have a duty and responsibility to manage the funds and property of the

As you plan for your next financial statement audit, be aware there are changes in auditing standards that may impact your engagement. Statements on Auditing

The partners of Legacy sent the following letter to the members of the Indiana State Senate and House of Representatives: January 23, 2012 Indiana State

For several years the Internal Revenue Service (IRS) has been taking steps to improve compliance with worker classification requirements. Taxpayers that treat employees as independent

For labor organizations, the Labor-Management Reporting and Disclosure Act of 1959 (LMRDA) requires that all records supporting a Form LM filing be kept for five

Now that we have begun a new year, a “best practice” is to review your union’s bonding insurance. This type of insurance is required by

On December 1, 2010, the Department of Labor’s Office of Labor-Management Standards (OLMS) published a final rule rescinding the Form T-1, Trust Annual Report. The

The Illinois State Board of Elections made significant changes to disclosure rules of campaign contributions effective January 1, 2011. As a result of the new

The Affordable Care Act, enacted in 2010, includes a provision to encourage small organizations, including tax-exempts, to offer health insurance coverage to their employees. For

The IRS increases numerous tax limits, credits, and fringe benefits annually for inflation. The increases are based on various cost-of-living indexes used by the IRS.