Articles From Lumsden McCormick

Lumsden McCormick provides resources to assist you as you plan for your business and personal success. Articles published by our accountants, resources available through our affiliation with the BDO Alliance USA, and our industry-specific newsletters are listed below.

BDO Knows: Healthcare • Winter 2017

Posted by Michael Grimaldi on February 20, 2017

BDO Knows: Insurance is available through our affiliation with BDO Alliance USA.

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Insurance Advisor • Winter 2017

Posted by Michael Grimaldi on February 20, 2017

The Insurance Advisor is available through our affiliation with the BDO Alliance USA. 

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IRS Reports a Significant Increase in Whistleblower Awards

Posted by Christopher Lukowski on February 20, 2017

2016 was a “transformative” year for the Whistleblower Office. Learn about the basics of the program and what changed in 2016. 

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10 Important Tax-Related Developments from 2016

Posted by on February 20, 2017

Several significant tax developments happened last year that may affect federal income tax returns that individual and business taxpayers file in 2017. Here’s a quick look at 10 key changes that you should be aware of during this tax season.

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Factoring Uncertainty into the Value of Your Business

Posted by William Allen on February 20, 2017

Businesses currently face numerous uncertainties in the marketplace. Some of these possible changes could be good for your business, while others could have negative effects on the value of your business.

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4 Ways to Encourage Nonprofit Donors to Make Unrestricted Gifts

Posted by Jonathan Urban on February 20, 2017

How do you encourage donors to make unrestricted gifts that your organization can use as it deems necessary? Here are four suggestions.

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Companies Restate Financial Results for a Variety of Reasons

Posted by Michael Grimaldi on February 20, 2017

When a company reissues its financial statements it’s easy to make assumptions, but there may be legitimate reasons.  It’s important to understand what went wrong to prevent it from happening again. 

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Remembering RMDs This Tax Season

Posted by Michē Needham on February 17, 2017

Mandatory IRA payouts are called required minimum distributions (RMDs). While there’s a stiff penalty if you fail to take timely distributions, taking RMDs also will cause you to report additional taxable income on your federal income tax return. Here are the rules regarding RMDs and a tax-smart strategy for meeting your RMD obligations.

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4 Ways to Influence the Public Perception of Your Not-for-Profit

Posted by on February 13, 2017

Don’t wait until you’re facing a PR crisis to address the public’s perception of your not-for-profit. To ensure public trust and respect, you need to be proactive. 

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Build Consensus Before You Buy Business Software

Posted by on February 13, 2017

Acting unilaterally when buying business software can be a risky move. Because new technology affects the entire team, the entire team (or at least key members) should have input on the choice. While it may be impossible to please everyone, it’s possible to come close.

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