Thomas M. Burns, CPA, CMA
Tom joined Lumsden McCormick in 1999 with experience from a nationally based commercial business. In his role as principal at Lumsden McCormick, he has extensive experience in the planning and performance of auditing and accounting services for commercial businesses, nonprofit organizations, and governmental units. In June of 2014 Tom was elected president of the Buffalo Chapter of the New York State Society of Certified Public Accountants (NYSSCPA) for a one-year term. He is a member of the NYSSCPA, the American Institute of Certified Public Accountants (AICPA), Institute of Management Accountants, and the International Foundation of Employee Benefit Plans. Tom coordinates our affiliation with the AICPA's Employee Benefit Plan Audit Quality Center. He has most recently served as treasurer of Plymouth Crossroads and Tapestry Charter School. Tom is a graduate of the State University of New York at Buffalo.
State University of New York at Buffalo, Bachelor of Science in Accounting
American Institute of Certified Public Accountants (AICPA)
New York State Society of Certified Public Accountants (NYSSCPA)
-Buffalo Chapter, Past President
-Buffalo Chapter, Past Cooperation with Bar Association of Erie County Chair
Institute of Management Accountants (IMA)
-Buffalo Chapter, Past Treasurer
-Certified Management Accountant
International Foundation of Employee Benefit Plans (IFEBP)
Making A Difference (MAD) Committee, Lumsden McCormick
Plymouth Crossroads, Past Treasurer
Tapestry Charter School, Past Treasurer
Western New York Charter School Coalition, Past Trustee
United Way Leadership Society, Member
-Day of Caring, Volunteer
Buffalo Niagara Partnership (BNP)
-Board Membership 101, Presenter
Wednesday, July 11, 2018
When ready to offer a 401(k) plan, business owners shouldn’t assume they are limited to a “traditional” plan. There are other types of 401(k)s that may better suit your company.
Friday, June 8, 2018
When paying employees, has your company inadvertently violated the Fair Labor Standards Act? Are you certain you know which of your employees are exempt from overtime pay? Even with the best of intentions, mistakes happen.
Wednesday, April 18, 2018
Most 401(k) plans permit hardship withdrawals and thanks to the Bipartisan Budget Act (BBA) enacted in February, the rules to these withdrawals change, beginning in 2019.