Articles From Lumsden McCormick
CAPE Opens in ACE: What Importers Need to Know About IEEPA Refund Processing
Posted by Kristin Re’ on April 30, 2026
U.S. Customs and Border Protection (CBP) activated the Consolidated Administration and Processing of Entries (CAPE) functionality in the Automated Commercial Environment (ACE) on April 20, 2026, marking the first operational mechanism for processing refunds of duties paid under tariffs illegally imposed pursuant to the International Emergency Economic Powers Act (IEEPA).
What Are Trump Accounts?
Posted by Amanda Ornowski on April 28, 2026
The One Big Beautiful Bill (OBBB), enacted on July 4, 2025, introduced a new type of individual retirement account specifically designed for children under the age of 18.
More Than Just 0s and 1s: Accounting for Digital Assets in Your Estate Plan
Posted by Isabella Newman on April 16, 2026
As our lives become increasingly digital, estate planning must evolve to keep pace. Here are answers to a few common questions about estate planning for your digital assets.
Build a More Resilient Nonprofit With Revenue Diversification
Posted by Sarah Hopkins on April 15, 2026
If your nonprofit relies heavily on a few funding sources, it may be time to diversify your revenue streams. Here’s how.
ACA Penalties May Still Apply — And They’re Increasing for 2026
Posted by John Anderson on April 13, 2026
Beware, small business owners: As your workforce grows, ACA compliance can become a costly surprise without proper planning.
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.
Use a CRT and a WRT in Tandem to Achieve Two Estate Planning Goals
Posted by Robert Ingrasci on April 09, 2026
Pairing a charitable remainder trust and a wealth replacement trust can help you achieve two estate planning goals: philanthropy and leaving a legacy.
Should Your Nonprofit Adopt (or Revise) Term Limits for Board Members?
Posted by Amina Diallo on April 08, 2026
Board term limits can strengthen governance with fresh perspectives and more collaborative leadership. They also come with drawbacks. Learn how to design the right approach for your nonprofit.
Reviewing Business Structures for Your Manufacturing Company
Posted by Mark Stack on April 07, 2026
Determining the right form of ownership for your new manufacturing company or deciding whether to change the structure of your existing company isn’t easy.
FAQs About the Research Credit
Posted by Kayla Manus on April 06, 2026
The research credit isn’t just for labs or tech companies. Many businesses are missing out because they mistakenly assume they don’t qualify, or they aren’t sure where to start. Learn how the credit works and what to consider.