Lumsden McCormick Firm News

This month we uncover a variety of small business deductions that all businesses can take advantage of including summer business travel, home office expenses, business losses, meals, and vehicles expenses.

Lumsden McCormick is pleased to announce that Robert Ingrasci, CPA, Partner, has been named President of the Western New York Estate Planning Council.

Get a leg up with these important personal tax strategies: from tax considerations for retirees to medical expenses to inherited property included in our May 2023 Personal Tax and Estate Planning Newsletter.

While Lumsden McCormick's home in the Cyclorama Building at 369 Franklin Street, Buffalo, NY 14202 is being renovated we are temporarily moving to 50 Fountain Plaza in Downtown Buffalo.

The May 2023 issue of our monthly commercial tax newsletter focuses on small businesses and how you can save with tax incentives, from adding your children to the payroll this summer, to SUV tax breaks, and deducting marketing and advertising expenses.

The May 2023 Nonprofit Newsletter covers single audit compliance, insurance needs, required time tracking, lease considerations, and more.

On Sunday, May 14, Lumsden McCormick headquarters at 369 Franklin Street, Buffalo, NY, suffered a fire. Thankfully, no one was in the office at the time and there were no injuries. 

In our April newsletter we cover the IRS audit rules for nonprofits and introduce how social responsibility can build your fundraising efforts, plus ways to improve operating efficiencies and record retention.

We cover the proposed federal budgets in our Personal Tax April 2023 newsletter along with stock loss, record retention, and an estate planning focus including grantor trusts.

Specific to manufacturers, our April newsletter covers details on the Manufacturing Investment Credit, how the Secure Act applies to manufacturers, and steps to avoid cyber attacks plus updated information on the proposed Federal 2024 Budget.