Lumsden McCormick Firm News

We share the IRS rules for employee expense reimbursements, the value of board member term limits, and safeguards to avoid fraud risks, plus more and a chance to win Buffalo Sabres tickets.

This month we help you prepare your business and get ready with the 4Q tax calendar, tax implications of a spouse owned businesses, corporate loans, and the best self-employed entity choice.

Knowledge is power, and this month we provide insights on the student loan pause, QTIP trust, spousal IRA, and portability elections.

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.