At Gerson & Associates, we provide a broad range of accounting, auditing, tax and advisory services. Our specialized experience in multi-employer benefit plans sets us apart, while our accounting, tax and consulting services support the needs of individuals, small businesses and other organizations.
Multi-Employer Benefit Plans
Gerson & Associates specializes in accounting and auditing for multi-employer, collectively bargained benefit plans and their affiliated labor unions. With decades of experience in this specialized area, we understand the unique financial reporting and regulatory requirements these organizations face.
Our professionals help clients meet the requirements of ERISA and comply with the oversight and reporting requirements of the U.S. Department of Labor (USDOL), Internal Revenue Service (IRS) and Pension Benefit Guaranty Corporation (PBGC). We are also members of the AICPA Employee Benefit Plan Audit Quality Center.
Services for Multi-Employer Benefit Plans and Affiliated Labor Unions
- Full-Scope Audits
- Reviews
- Compilations
- IRS Form 990 preparation
- USDOL Form 5500 preparation
- USDOL Form LM-2 preparation
Types of Plans We Serve
- Defined Contribution Annuity/Surety Plans
- Defined Benefit Pension Plans
- Health and Welfare Plans
- Education, Training and Apprenticeship Programs
- Supplemental Benefit Plans
Employer Payroll Compliance Audits
We perform Agreed Upon Procedures on contributing employers to the benefit funds. These engagements include testing wages and employee hours and verifying that the correct benefit contributions are being paid on behalf of members.
Tax Preparation and Advisory
We provide tax planning, preparation and advisory services for individuals and business
entities.
Our approach is designed to make the tax process as straightforward as possible while helping clients plan effectively, minimize tax liabilities where appropriate, and reduce the risk of errors. Our tax professionals navigate the complex federal, state and local filing requirements and work closely with each client to address their specific circumstances.
Tax Service
- Individual Tax Preparation and Planning
- Business Tax Preparation
- Sole Proprietorships
- C Corporations
- S Corporations
- Partnerships
- Limited Liability Companies
- Fiduciary Tax Preparation
- Tax Controversy and Audit Representation
Accounting & Consulting
We provide bookkeeping, accounting, payroll and financial consulting services to individuals and small businesses.
Small businesses benefit from having a trusted accounting professional who understands the financial side of their business and can provide support beyond day-to-day bookkeeping. We help clients maintain accurate records, meet payroll and reporting requirements, prepare financial statements and address tax and other business matters.
Our Business Services
- Bookkeeping:
- Bank reconciliations
- Receipts, disbursements, payroll and other journals
- General Ledger
- Payroll:
- Monthly, quarterly and year-end payroll filings
- Accounting:
- Financial statement preparation (non-attest statements)
- Consulting:
- Retirement Planning
- Employee Benefits
- Other business matters and correspondence
- Tax Planning:
- Federal and State tax preparation and representation
