Articles From Lumsden McCormick
How Culture and Innovation Drive Growth in Independent CPA Firms, with Sara Dayton and Stephanie Wilkinson
Posted by Christine Proulx Grzyb on April 10, 2026
How does Lumsden McCormick navigate the unique landscape of the accounting industry in 2026? Managing partner Sara Dayton, CPA and COO Stephanie Wilkinson SHRM-CP, SPHR, PAFM joined David Kells from Whitman Advisory on The Independent CPA Firm Podcast to share how firm culture and growth strategies have shaped the firm into an open and collaborative environment.
Why Longstanding Nonprofits Can’t Afford to Stand Still
Posted by Robert Torella on March 25, 2026
Well-established nonprofits face a distinct set of challenges that can make it difficult to stay on target. Learn to recognize (and overcome) common pitfalls that come with maturity.
How to Strengthen Your Nonprofit’s Finance Committee
Posted by Sarah Hopkins on March 25, 2026
How effective is your nonprofit’s finance committee? If its members aren’t involved in these seven core responsibilities, it may be time to revamp your approach.
Has Your Manufacturing Company Conducted a Benchmarking Study?
Posted by Jonathan Roller on March 24, 2026
While financial statements can provide a snapshot of your company’s financial health, a benchmarking study offers the deeper insights needed to interpret that picture and drive smarter decisions.
Should Your Business Consider a Fiscal Year End?
Posted by John Anderson on March 23, 2026
For many businesses, the calendar year is the default setting for tax reporting. But in some situations, a different year end may be the smarter choice.
Accounting for Intellectual Property in Your Estate Plan
Posted by Cheryl A. Jankowski on March 20, 2026
If during your lifetime you’ve invented something and had it patented or created a copyrighted work, your estate may include intellectual property (IP). This can be a valuable intangible asset that your estate plan must address.
Building a Culture of Accountability in Nonprofits
Posted by Jill Johnson on March 13, 2026
When nonprofit leaders embrace accountability, it can transform the organization. Start with clear ethics, strong leadership and transparent communication. Here’s how.
Your Health Savings Account and Your Estate Plan: What You Need to Know
Posted by D’Marie Kleeman on March 11, 2026
A Health Savings Account (HSA) is a tax-efficient way to fund health care costs during your life while helping build more assets for your heirs. But careful planning is critical, especially when it comes to the HSA beneficiary designation.
Manufacturers: Boost Working Capital By Strategically Managing Inventory
Posted by Angela Miles on March 09, 2026
Given the high costs of maintaining inventory, now’s a good time for manufacturers to explore options to control them. Here are a few.
What’s Your Potential Business Vehicle Deduction?
Posted by Megan Morris-Smith on March 04, 2026
There’s much to consider before deciding whether to use the actual expense method or cents-per-mile method to deduct expenses for a vehicle your business placed in service in 2025.