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Lumsden McCormick Firm News

Lumsden McCormick knows that keeping clients well informed is not just polite courtesy; it’s vital to personal financial success and owning and operating a business. By providing opportunities through shared news, seminars and events we continue to provide valuable proactive insight to our clients.
Webinar Recording: Get the Most From Your Money! Tips to Maximize PPP Loan Forgiveness and the Employee Retention Credit

Webinar Recording: Get the Most From Your Money! Tips to Maximize PPP Loan Forgiveness and the Employee Retention Credit

Posted on September 22, 2021

View our technical update of the 2021 Paycheck Protection Program (PPP) forgiveness application and learn how to simultaneously maximize the Employee Retention Credit.

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Personal Tax and Estate Planning Newsletter | September 2021

Personal Tax and Estate Planning Newsletter | September 2021

Posted on September 17, 2021

The September personal tax and estate planning newsletter focuses on tax planning including year-end gifts, basis of inherited property, distribution of real estate assets, and estate planning strategies.

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Commercial Businesses Newsletter | September 2021

Commercial Businesses Newsletter | September 2021

Posted on September 15, 2021

This month's newsletter shares technical articles including Reporting Travel and Entertainment Expenses and the Tax Implications of Divorce.

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Commercial Businesses Newsletter | August 2021

Commercial Businesses Newsletter | August 2021

Posted on August 19, 2021

The August commercial tax newsletter is loaded with content covering an update to guidance for the Employee Retention Credit, news from the SBA on streamlining PPP loan forgiveness, financial statements and disclosures, and managing internal controls.

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Webinar Recording: The Pandemic and the Economy - Where Are We Now?

Webinar Recording: The Pandemic and the Economy - Where Are We Now?

Posted on August 12, 2021

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?

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Webinar Recording: Changes to Lease Accounting and How it Impacts Your Organization

Webinar Recording: Changes to Lease Accounting and How it Impacts Your Organization

Posted on July 27, 2021

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.

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Dayton Appointed to Buffalo Erie Marathon Association Board

Dayton Appointed to Buffalo Erie Marathon Association Board

Posted on July 26, 2021

Lumsden McCormick partner, Sara Dayton, has been appointed to the Buffalo Erie Marathon Association as a board member.

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Johnston Earns SHRM-CP Certification

Johnston Earns SHRM-CP Certification

Posted on July 20, 2021

Human Resources Assistant, Tracy Johnston, has earned her SHRM-CP certification.

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Webinar Recording: IRS Audit - Coming Soon Near You

Webinar Recording: IRS Audit - Coming Soon Near You

Posted on July 15, 2021

The executive branch is looking to increase revenue for the IRS. Translation: expect to see an increase in the number of IRS audits being performed, including industries not traditionally targeted.

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Staff Accountant Tia Marie Belle Earns CPA Designation

Staff Accountant Tia Marie Belle Earns CPA Designation

Posted on June 30, 2021

Congratulations to Tia Marie Belle on earning her CPA designation.

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