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Lumsden McCormick provides resources to assist you as you plan for your business and personal success. Articles published by our accountants, resources available through our affiliation with the BDO Alliance USA and our industry-specific newsletters from our eNewsletter, Numbers First, are listed below. Click here to learn more about our affiliation with the BDO Alliance USA.
To subscribe to our free eNewsletter you may do so online or by contacting Maria Gambacorta.
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Monday, March 11, 2019
Responding to calls for action from the not-for-profit sector, the IRS released interim guidance in late 2018 on new tax rules relating to transportation fringe benefits.
Sherry L. DelleBovi, CPA, James M. Dunn, CPA, Michael J. Grimaldi, CPA, Mark G. Janulewicz, CPA, Brian J. Kern, CPA, Michē C. Needham, CPA, David A. Schlein, CPA, Courtland “Cory" Van Deusen V, CPA
Thursday, January 3, 2019
Business tax planning is very complex. Careful planning involves more than just focusing on lowering taxes for the current and future years. How each potential tax saving opportunity affects the entire business must also be considered.
Thursday, July 20, 2017
The IRS’s private benefit and private inurement provisions prohibit an individual inside or outside a nonprofit from reaping an excess benefit from the organization’s transactions. Violation of such rules can have devastating consequences.
Monday, July 17, 2017
Nonprofit Standards, A Benchmarking Survey is available through our affiliation with the BDO Alliance USA. The survey provides tax-exempt organizations performance measurements across a variety of areas including strategic planning, … more
Friday, July 14, 2017
Failing to pay unrelated business income tax on certain types of investment income could have serious consequences for nonprofits, including loss of exempt status. Here’s what you need to know.
Friday, June 9, 2017
Do you know what to do if your organization receives an audit letter from the IRS?
Friday, May 19, 2017
Donors of large gifts often put restrictions on their donations. Such gifts are subject to extensive IRS regulations. This article looks at various types of restrictions and how they can affect a donor's ability to take a tax deduction.
Thursday, April 13, 2017
The Spring 2017 edition of the Nonprofit Standard is available through our affiliation with the BDO Alliance USA.
Monday, December 19, 2016
The Nonprofit Standard is available through our affiliation with BDO Alliance USA.
Thursday, October 6, 2016
This edition of Nonprofit Standard, available through our affiliation with the BDO Alliance USA, discusses FASB's ASU 2016-14, future uniform guidance procurement rules, and more.