PPP Forgiveness and Repayment: Deadline Approaching
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
As a business owner, your goal is to focus on making your business or practice as successful as it can be. Sometimes that calls for third-party help to ensure your business processes run as efficiently as possible. Fortunately, cloud-based software makes it possible for external providers to work seamlessly and in real time with management.
Drawing on our breadth as a full-service CPA firm, our professionals provide customized, confidential accounting services so that you can focus on your core business.
From bookkeeping and bank reconciliations to strategic planning, Lumsden McCormick is able to provide various levels of accounting support in this critical area. By partnering with our experienced staff, you will have access to experts with years of experience in accounting and tax strategies as well as real-world business experience.
Improve Processes and Cut Operational Costs
Startups and seasoned businesses have different needs, which is why our outsourced solutions are scalable to fit your unique operations and goals. By bringing in our experts, you aren’t paying the hefty salary of a CFO, nor are you relying on staff without the proper training and expertise to report the important financial nuances needed to grow your business. We offer short-term project-based support, long-term partnerships, and everything in between.
Experience in Your Corner
Our team has worked with a variety of industries, corporate structures, and sizes, and offers a variety of customized outsourced accounting services as needed. Most important, our certified public accountants have been on your side of the table, including experience as the CEO and CFO of a local business.
Real-Time Business Intelligence
Lumsden McCormick’s team is trained in many software applications and holds certifications with cloud-based QuickBooks and Bill.com. Working in the cloud allows your team access to your financial standing in real time. This means you are able to react in an informed manner to important financial decisions based on the most accurate information at that moment. As a member of that team, Lumsden McCormick is able to consult on each decision along the way.
Our scalable Client Accounting and Advisory Services solutions include:
Bookkeeping – Transaction processing
Accounting – Financial statement and tax preparation
CFO/Controller – Strategic thinking and analysis
For more information about client accounting and advisory services from Lumsden McCormick, contact Sherry L. DelleBovi or complete the information below.
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.Learn More
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?Learn More