Commercial Businesses

Whether you sell products or services to your customers or clients, you want to run your business as efficiently as possible to achieve maximum growth and profit opportunities. Every business has its own accounting and tax compliance issues. It can be a challenge to keep up with changing IRS rules as you try to manage your business.

Since our inception in 1952, Lumsden McCormick has provided comprehensive tax services to commercial organizations of all types and sizes. Over the years, we expanded our business services to include a full scope of assurance, accounting, tax, and consulting services. Today, our team of certified public accountants takes a proactive approach to understand every aspect of your business and its unique challenges and opportunities.

We’ll assess your accounting systems and current tax situation and ask questions that will help us understand your overall long-term business goals. We’ll collaborate with you to develop a strategy to minimize your tax obligations, help you comply with federal and state regulations, and ensure you benefit from business incentives.

As a proud member of the BDO Alliance USA, we can also tap the resources of other professionals with expertise in your specific industry sector. We work with a wide range of businesses, and have specialty expertise in the following business sectors but not limited to:

• Auto Dealerships
• Construction
• Manufacturing and Distribution
• Oil & Gas
• Professional Services
• Real Estate
• Technology and Biosciences

Our full scope of services include:

Audit and Assurance Services

• Audits, reviews, and compilations of financial statements
• Accounting systems, policies, and procedures
• Agreed-upon procedures
• Employee benefit plans
• Forecasts and projections
• Internal audits
• Operations and internal control audits

Tax Services

• Business structure
• Corporate taxation
• Cost segregation studies
• Federal and state tax audits
• Hybrid credits
• Individual taxation
• International taxation
• Inventory strategies
• Multistate nexus and taxation
• Sales tax reporting and compliance
• State and local tax issues
• Tax credits and incentives for businesses
• Tax planning

Consulting Services

• Business valuations 
• Cash flow analysis
• Client accounting services
• Forensic accounting and investigations 
• General ledger consulting
• Financing opportunities
• Mergers and acquisitions
• Strategic planning
• Succession planning

For more information about our accounting services for commercial businesses, contact Michael Grimaldi, Courtland Van Deusen, or complete the form below.