Articles From Lumsden McCormick
Posted by D’Marie Murray on February 22, 2021
An estate plan isn't a static document. You need to review and revise your plan over time because what's important when you're a young adult just starting out likely will be different from what's important when you're retired.
Posted by Sarah Hopkins on February 22, 2021
Colleges and universities routinely find themselves subject to fraud, including cyberattacks. Such incidents can interrupt operations, pose public relations problems and result in financial losses.
Posted by Timothy Bubar on February 18, 2021
Tax Day is now fast approaching. Luckily, there may still be time for your business to make some last-minute moves to lower its tax obligation for 2020. Plus, there are other long-term planning strategies that business owners should consider in light of today's tax laws, recent economic relief measures, and expected changes to the federal tax rules.
Posted by Kristin Re’ on February 18, 2021
Tax breaks can provide much-needed relief to manufacturers that have been struggling during the COVID-19 pandemic. A massive spending package that was passed late in December 2020 contains seven federal tax relief measures that may be relevant to the manufacturing sector.
Posted by Johnathon Miles on February 18, 2021
During the COVID-19 pandemic, struggling business owners may be looking for an exit strategy, while tax rates are still taxpayer-friendly. The key to maximizing the sale price is preparing your business for sale.
Posted by Cathleen Karpik on February 18, 2021
The Consolidated Appropriations Act, enacted in December 2020, extends and modifies several key tax provisions originally included in the CARES Act. Among the provisions are several that benefit charitable givers — and, by extension, charities.
Posted by Connie Ricotta on February 18, 2021
The good news is that 2020 is behind us. The bad news is that you must soon pay Uncle Sam for taxes owed for 2020. Here are a few ideas to help lower your tax bill for last year, including making tax-deductible contributions to your IRA or HSA, COVID-19-related tax breaks for certain small business owners … and more.
Posted by Bryan Staniszewski on February 18, 2021
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allowed plan sponsors to relax loan and distribution rules in 2020, giving participants greater access to funds during the pandemic. These provisions were implemented to provide relief as many employees do not have adequate short-term savings.
Posted by Sara Dayton on February 11, 2021
On January 14, 2021, New York State Department of Labor (DOL) Commissioner, Roberta Reardon, issued an order retroactive to March 9, 2020 and effective through the end of the pandemic.