Articles From Lumsden McCormick
Posted by Brian Kern on February 07, 2024
As part of year-end planning and looking ahead to the coming year, real estate businesses should review how current tax rules apply to their transactions and the effects of any changes to those rules.
Posted by Kerry Roets on February 07, 2024
IRS developments, along with some reporting and regulatory changes, mean there are a number of tax areas partnerships should be looking into as they plan for the year end and the coming year. This guide explores those developments.
Posted by Alexander Intihar on February 06, 2024
If you're planning to launch your venture as a sole proprietorship, it's crucial to have a comprehensive understanding of the tax considerations involved.
Posted by D’Marie Murray on February 01, 2024
Reassess your beneficiary designations to avoid pitfalls and make smart decisions about your estate plan.
Posted by Robert Torella on January 31, 2024
Nonprofits must actively pursue planned, legacy, and deferred gifts, which are typically larger than current donations. These gifts are commonly arranged through wills, trusts, retirement plans, and life insurance designations.
Posted by Megan Morris-Smith on January 29, 2024
IRS now allows individuals to voluntarily return a portion of the funds before any collection procedures are initiated.
Posted by Sarah Hopkins on January 24, 2024
Simplify the audit process by providing estimates and requested documents to your auditor. Involve your board in the process and discuss any inconsistencies with your auditor as internally prepared statements may differ from audited statements.
Posted by Robert Ingrasci on January 23, 2024
By contributing to a traditional IRA, not only do you get to enjoy immediate tax savings, but your earnings also have the opportunity to grow tax-deferred.
Posted by Amanda Wojtkowski on January 22, 2024
Introducing a cutting-edge perk that your company can provide to its employees - pension-linked emergency savings accounts. Discover how these accounts operate and the benefits they bring.