PPP Forgiveness and Repayment: Deadline Approaching
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
Lumsden McCormick is committed to serving the arts and culture organizations that help enrich our Western New York region. Our nonprofit team has served hundreds of nonprofit organizations over the years, including arts and cultural organizations. You can count on us to focus on meeting compliance requirements, minimizing unrelated business income, mitigating risk, and maintaining all Uniform Guidance standards. You’ll find our nonprofit team of certified public accountants accessible and focused on your operations and financial goals.
Our services to arts and cultural nonprofits include:
For more information about our accounting and consulting services for nonprofit organizations, contact Donna Gonser or complete the form below.
The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.Learn More
As everyone knows, the COVID-19 pandemic has had a global impact beyond health and safety concerns. With millions of Americans vaccinated, where does the economy stand and what can be expected across the Upstate region, New York State, the United States, and Canada?Learn More