Articles From Lumsden McCormick
Protecting Nonprofit Operations and Financial Stability When Disaster Strikes
Posted by Matthew Cronmiller on April 01, 2026
When disaster strikes, your nonprofit needs to be ready. Learn how to build organizational continuity, whatever comes your way.
Debt vs. Equity: Classification Counts When Shareholders Put Money Into Their Corporations
Posted by Cory Van Deusen V on March 30, 2026
How you move money into your C corporation today can shape your tax outcomes tomorrow. Here’s why making bona fide loans to your business can be a tax-smart move.
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.