Lumsden McCormick Firm News

It’s time to start preparing for the 2023 tax year, from investment gains and losses to the annual gift tax exclusion, income tax on life insurance, and capital gain taxes; this and more covered in the September Personal Tax and Estate Planning newsletter. 

Important for small businesses is the new reporting requirement of the Corporate Transparency Act; learn how it impacts business owners, 401(k) changes for employers and participants, business deduction rules, and tax consequences of divorce.

New York State is now a pay transparency state; learn how this impacts nonprofits, plus creating a fundraising culture all year long and what do to about cryptocurrency donations are all covered in our September newsletter.

We are thrilled to share that Lumsden McCormick CPAs has joined forces with ClearlyRated, a leading satisfaction research firm, to gather your valuable feedback through a Client Satisfaction Survey conducted on our behalf.

Lumsden & McCormick, LLP has been recognized by Inside Public Accounting (IPA) as a Top 200 Firm in the United States ranked 187.

Lumsden McCormick is pleased to announce that chief operating officer Stephanie L. Wilkinson, SHRM-CP, SPHR, PAFM has been named 2023-2025 president of the Junior League of Buffalo.

Are you a nonprofit, government, or other exempt organization?  Good news - the 2022 Lumsden McCormick Exempt Organizations Salary Survey is now available.

Our August newsletter is jampacked with news and announcements, plus technical briefs on outsourced HR functions, tax smart fundraising tracking, and private foundation conflict of interest policies.

Planning is the key: catch up contributions, original legal wills, serving as executor, planning after death, and green energy home tax breaks plus more are all addressed in our August newsletter.

Trending topics and news presented this month for manufacturers includes ESG practices, maximizing profitability, reshoring, advanced analytics, and BNMA Manufacturing Night on October 5.