Lumsden McCormick Firm News
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.
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.
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.
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?
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.
Posted on July 26, 2021
Lumsden McCormick partner, Sara Dayton, has been appointed to the Buffalo Erie Marathon Association as a board member.
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.
Posted on June 30, 2021
Congratulations to Tia Marie Belle on earning her CPA designation.