Our leadership team is actively involved in all client matters and maintain a strong field presence on engagements.
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We provide unprecedented accessibility to all service team members.
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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 FASB issued ASU 2021-03[1] (“ASU”) to provide private companies and not-for-profit entities (“NFPs”) with an accounting alternative to evaluate triggering events for goodwill impairment only as of the end of each reporting period, whether they report on an interim or annual basis.
Employees who choose to participate in employer-provided flexible spending accounts (FSAs) can realize several tax benefits. Recent legislation provides participants with an even greater incentive to contribute to these accounts.
The American Rescue Plan Act liberalizes the child and dependent care credit for 2021. But the changes won't help high-income households.
