Lumsden McCormick CPA
is one of the largest accounting firms
in Buffalo, New York.
We deliver innovative and proactive solutions
that foster continued success.

Lumsden McCormick's comprehensive suite of accounting services include audit, tax, wealth planning, forensic accounting, and nonprofit technology.

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LATEST INSIGHTS

Tax Rules of Making Bequests or Lifetime Gifts

Tax Rules of Making Bequests or Lifetime Gifts

Bequests and Lifetime Gifts are not the same; understanding the tax aspects may help you make a decision that is more advantageous.

 

Manufacturing Newsletter | January 2023

FIRM NEWS

Manufacturing Newsletter | January 2023

Manufacturing Newsletter | January 2023

Prepare for 2023 with information on LIFO inventory taxes, five steps to recession proof your business, and expiring tax laws; this and more covered in the Lumsden McCormick January 2023 Manufacturing Newsletter.

 

2022 Year-End Tax Planning Guide for Individuals

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2022 Year-End Tax Planning Guide for Individuals

2022 Year-End Tax Planning Guide for Individuals

With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year end, now is the time for individuals, business owners and family offices to review their 2022 and 2023 tax situations and identify opportunities for reducing, deferring, or accelerating their tax obligations. 

 

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