All About Service
Manzi & Associates L.L.C. provides a wide range of services to individuals, businesses in a variety of industries, employee benefit plans, labor unions and nonprofit entities.
We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever changing financial and regulatory environment.
Our range of services include:
Our firm serves as independent auditors to Corporations, S Corporations, Multi-Employer Plans, Single Employer Plans, Defined Benefit Plans, Defined Contribution Plans, Corporate 401(K) Plans, Health and Welfare Plans, Apprentice and Training Funds, Legal and Scholarship Funds, Industry Promotion Funds , Labor Unions, Member Associations and Charitable Organizations. Our staff is well trained and experienced in both the financial accounting and reporting standards relevant to employee benefit plans as well as ERISA rules and regulations. Our staff is also well trained in the financial accounting and reporting standards relevant to labor unions as well as the Department of Labor and Internal Revenue Service's reporting requirements.
We know that every industry and entity is unique; our staff has the resources, the experience and the desire to stay well informed of the developments that may affect your entity.
AICPA Employee Benefit Plan Audit Quality Center for CPA Firms
Manzi & Associates L.L.C. is a member of the American Institute of Certified Public Accountants (AICPA) Employee Audit Quality Center for CPA firms. Membership in the Quality Center assures that the Firm keeps up to date on the best practices, guidelines, and tools CPAs need to perform quality benefit plan audits.
As Members of the Center, our Firm is responsible for the benefit plan audit practice, establishing firm wide training and quality control programs, performing annual internal inspection procedures, and making the Firm's peer review report findings publicly available. All of these measures ensure high standards for the benefit plan audit practice of the partners and staff of Manzi & Associates L.L.C.
Reviews require that we perform inquiry and analytical procedures as the procedures are performed for a corporation. Reviewed financial statements are often prepared for our corporate clients that have bank loans, outside investors, or trade creditors.
Agency Fee Audits
Agency fee audits are required under the terms of certain Collective Bargaining Agreements. We provide an audited financial statement that identifies the major categories of expenses and divides them into chargeable and nonchargeable expenses.
Represents the most basic level of service we can provide with respect to financial statements. In a compilation we must comply with certain basic requirements of professional standards, such as having a knowledge of the client's industry and applicable accounting principles, having a clear understanding with the client as to the services to be provided, and reading the financial statements to determine whether there are any obvious departures from generally accepted accounting principles.
General Accounting Services
We can provide your entity with monthly bookkeeping assistance, assistance in financial management, internal control studies, training and any other general accounting support that you may need.
Payroll Compliance Audits
We conduct employer payroll compliance audits for our multi-employer benefit fund clients. We have developed a payroll compliance audit program that ensures a high quality audit while at the same time is adaptive to meet the specific needs and requirements of our clients and their unique collective bargaining agreements. We realize that a quality audit is imperative to our clients and their Boards of Trustees to assist them in meeting their fiduciary responsibilities under ERISA.
Tax Management Services
Our professional team can help you with financial planning, tax planning, small business accounting, mergers and acquisitions, business entity selection and any other tax management service you may need, whether you are an individual or partnership, S Corporation, C Corporation, Limited Liability Company, or a nonprofit entity.
Agreed Upon Procedures
An agreed upon procedure is an engagement to issue a report on procedures and findings based on specified financial statement item(s). One of the most common agreed upon procedures engagement that Manzi and Associates perform is Time Study Engagements for our Employee Benefits Plan clients.
IRS & DOL Representation
Edward C. Manzi, our managing Partner, was an Internal Revenue Service Agent for eight years and was an investigator for the U.S Department of Labor, Pension, Welfare, Benefit Administration which is responsible for enforcing and administering ERISA. With this in depth experience he has been effectively representing all types of clients from individuals to corporations to employee benefit plans as well as nonprofit entities for the past 25 years.
Tax Preparation and Consulting
Our professional team keeps current on new tax laws and legislation to enable us to identify key tax planning opportunities that minimize both current and future tax liabilities. We provide our individual, business, employee benefit plans and nonprofit clients with the tax expertise and knowledge that they deserve through the year. Tax services outlined include but are not limited to:
Estates, Trusts and Gifts
Sales Tax Returns
Nonprofit Organizations (Form 990)
Charitable Organizations (Mass Form PC)
Employee Benefit Plans (Form 5500)
Department of Labor (Form LM2)
Political Action Committee (Form 1120-POL)