Articles From Lumsden McCormick

Lumsden McCormick provides resources to assist you as you plan for your business and personal success. Articles published by our accountants, resources available through our affiliation with the BDO Alliance USA, and our industry-specific newsletters are listed below.

Build a Balanced Manufacturing Business Model

Posted by Jonathan Roller on November 08, 2019

Manufacturing 2.0 is enabling companies to operate faster and more efficiently than ever before, but embracing the future doesn't mean you need to throw out everything perceived as “old.”

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The Potential Impact of New Appraisal Regs On Charitable Giving

Posted by Cheryl A. Jankowski on November 07, 2019

Do charitable gifts play an important role in your estate plan? If you make or plan to make substantial noncash gifts to charity, you should be aware of how new requirements for appraisals can affect those donations.

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How to Reduce the Tax Hit on Soon-to-Be-Developed Land

Posted by Kristin Re’ on November 06, 2019

In many places, real estate prices are soaring. That's good news for owners of undeveloped land in those areas, but if they decide to subdivide and develop highly appreciated property, it could trigger a whopping income tax bill.

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BDO Nonprofit Standard | Fall 2019

Posted by Donna Gonser on November 05, 2019

Available through our affiliation with the BDO Alliance, download the fall edition of the Nonprofit Standard.

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Higher Compensation Could Help You Attract and Keep Workers

Posted by Douglas Muth on November 01, 2019

If your manufacturing company struggles to recruit and retain quality workers, you're not alone.

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It’s Not an Estate Plan Without a Will

Posted by Robert Ingrasci on October 29, 2019

When you hear “estate planning,” you probably think of trusts and other vehicles for minimizing taxes and passing on more wealth to your heirs. However, a will remains the cornerstone of any estate plan.

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Fall 2019 Quarterly Insights

Posted by Michael Grimaldi on October 24, 2019

Available through our affiliation with the BDO Alliance, download the fall edition of Quarterly Insights.

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Year-End Strategies to Reduce AGI

Posted by Brian Kern on October 23, 2019

Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea.

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Attracting Donor-Advised Funds

Posted by Sarah Hopkins on October 22, 2019

The popularity of donor-advised funds (DAFs) has surged in recent years and DAFs increasingly are considered vital to the success of not-for-profit organizations.

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New Bankruptcy Relief Coming Soon

Posted by Douglas Muth on October 21, 2019

Is your small business struggling to make ends meet? Some relief may be on the way for distressed business owners. The Small Business Reorganization Act of 2019 will make it faster and less expensive to benefit from a Chapter 11 bankruptcy.

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