Business Details
Trusted CPA Services for Labor Organizations
Gould Kobrick & Schlapp, P.C. is a specialized accounting firm dedicated to serving labor organizations and employee benefit plans. With decades of combined experience, our principals and certified public accountants provide audit, consulting, and compliance services tailored to the unique needs of unions and benefit plans. We maintain membership in the AICPA Employee Benefit Plan Audit Quality Center, NYSSCPA, and International Foundation of Employee Benefit Plans, ensuring adherence to the highest professional standards. Our team directly engages in all client engagements, offering expertise in financial audits, internal controls, payroll compliance, and regulatory reporting. We undergo triennial independent peer reviews, consistently receiving unmodified reports that validate our commitment to quality.Our principals have over 90 years of combined industry experience, including roles as educators, authors, and committee leaders in employee benefit plan accounting. We specialize in ERISA and non-ERISA plans across construction, transportation, entertainment, and public sectors, serving clients in New York, New Jersey, and Connecticut. Our subsidiary Kobgo Associates, Inc. provides specialized payroll compliance audits for contributing employers. We prioritize professional development and maintain deep familiarity with evolving regulations affecting labor organizations and benefit plans. Our client-centric approach ensures tailored solutions that address the complex financial and operational challenges faced by unions and benefit funds.
Services
Financial Statement Audits
Payroll Compliance Audits
Internal Control Evaluations
OLMS Compliance Consulting
Employee Benefit Plans
Form 5500 Preparation
IRS Audit Representation
Investment Analysis
Expense Allocation Studies
Beck Audits
Highlights and features
- We exclusively serve labor organizations and employee benefit plans with specialized expertise.
- Our principals have over 90 years of combined industry experience in union accounting.
- We maintain AICPA EBPAQC membership and undergo rigorous triennial peer reviews.
- Our team provides direct principal involvement in all client engagements.
- We offer tailored solutions for ERISA and non-ERISA plans across multiple industries.
Associations and certifications
- AICPA Employee Benefit Plan Audit Quality Center
- American Institute of Certified Public Accountants (AICPA)
- New York State Society of Certified Public Accountants (NYSSCPA)
- International Foundation of Employee Benefit Plans (IFEBP)
Services
Financial Statement Audits
We conduct comprehensive financial statement audits for labor organizations and employee benefit plans. Our audits ensure regulatory compliance and financial transparency. Our team provides detailed reporting and recommendations for improved financial management.
Payroll Compliance Audits
Our subsidiary Kobgo Associates performs detailed payroll compliance audits for contributing employers. We verify proper contributions and identify discrepancies. This service ensures accurate funding for employee benefit plans.
Internal Control Evaluations
We evaluate and strengthen internal control systems for unions and benefit funds. Our assessments identify risks and improve operational efficiency. Recommendations focus on preventing fraud and ensuring regulatory compliance.
OLMS Compliance Consulting
We assist organizations with Department of Labor reporting requirements under OLMS. Our consulting ensures accurate LM-2 filings and compliance with union financial disclosure regulations.
Employee Benefit Plans
We specialize in ERISA and non-ERISA benefit plan audits. Our services include Form 5500 preparation and compliance consulting. We address unique challenges faced by multi-employer and single-employer plans.
People
Steven T. Schlapp
Managing Partner
CPA with over 40 years of experience in labor organization accounting. Monitors regulatory compliance and professional standards for the firm.
Michael A. Van Sertima
CPA, CFE
Specializes in employee benefit plans with 25+ years of public accounting experience. Teaches accounting at CUNY and oversees professional education programs.
Stuart L. Kobrick
Retired Founding Partner
Retired CPA with 50+ years of experience in labor organization accounting. Former chairman of NYSSCPA committees and contributor to AICPA audit guidelines.
Questions
What services do you offer for labor organizations?
We provide financial audits, payroll compliance reviews, internal control assessments, OLMS compliance consulting, and IRS audit representation specifically for unions and benefit plans.
Do you work with both ERISA and non-ERISA plans?
Yes, we serve both ERISA and non-ERISA plans across single, multiple, and multi-employer structures in various industries.
What geographic areas do you cover?
We primarily serve clients in New York State, New York City, New Jersey, and Connecticut.
How experienced is your team with union accounting?
Our principals have over 90 years of combined experience in labor organization accounting and benefit plan audits.
Do you offer specialized audit services?
Yes, we conduct financial statement audits, Beck audits, payroll compliance audits through our subsidiary, and investment analyses.
Are you affiliated with industry organizations?
We maintain memberships in AICPA, NYSSCPA, and the International Foundation of Employee Benefit Plans.
