Last updated on April 8th, 2026A CAP audit (CAP standing for “Compliance Audit Program”) is an investigation conducted by the U.S. Department of Labor’s Office of Labor-Management Standards (OLMS). CAP audits are specially designed for unions covered by the Labor-Management Reporting and Disclosure Act (LMRDA) and the Civil Service Reform

Last updated on March 10th, 2026Each year, unions in New York State are required to file one of three annual financial reports: Form LM-2, LM-3, or LM-4. Each of these forms requires varying degrees of financial detail, with the form type determined by a union’s annual gross receipts. This article

A 501(c) organization is a nonprofit organization recognized under the U.S. Internal Revenue Code as exempt from federal income tax. There are many kinds of 501(c)s, the most widely-known of which are 501(c)(3)s—or charitable organizations. Unions, however, fall specifically under the category of 501(c)(5)s. Below are the distinguishing characteristics of

As with many other nonprofit organizations, unions are particularly susceptible to fraud, corruption, and theft. This vulnerability often stems from inadequate internal financial controls and the fact that unions tend to manage large sums of money. In March of 2024, the House Committee on Education and the Workforce sent letters

As the world moves further away from paper systems and toward fully digital processes, unions are joining in the shift. From electronic recordkeeping and digital communications to E-dues and remote voting systems for union officer elections, many unions are embracing the efficiency offered by digitalization. As methods of recordkeeping and

As one of its many provisions, the new tax law known as the “OBBBA” has established new parameters for 529 education savings plans. 529 plans can now be used to pay for additional qualified educational expenses—including trade school, workforce training programs, and other postsecondary credentialing costs. This expansion of 529

In an increasingly technology-centric world, data security is unsurprisingly among the top concerns for many organizations in 2025—and unions are no exception. Unions are responsible for storing and protecting sensitive digital data, including members’ personal details, union financial information, and collective bargaining strategies. Unfortunately, this data can attract cyber criminals

The budget reconciliation bill, entitled the One Big Beautiful Bill Act (OBBBA), was signed into law by the president on July 4, implementing many significant tax and spending policy changes and extending several policies previously set to expire. The law’s provisions are wide sweeping, affecting individuals, businesses, and other organizations