- Audit and Assurance
- Business Development Incentives
- Client Accounting Services
- Cost Reports
- Cost Segregation
- Forensic Accounting, Litigation, and Valuation
- Information Technology Audits
- Investment Management
- Nonprofit Technology Solutions
- Tax Services
- Trusts and Estates
Commercial Tax Services
Since our inception in 1952, the tax advisers at Lumsden McCormick have provided quality tax assistance to commercial organizations of all types and sizes. We offer our expertise to turn financial information into strategic business tools and assist in managing the tax consequences of business, investment or other financial decisions. Our highly respected, multi-disciplinary tax professionals provide a high level of personal service, with immediate access to national and international resources through our membership in the BDO Alliance USA. By integrating tax planning with every aspect of financial decision-making, our tax team helps develop financial strategies to maximize tax advantages.
Many of our clients have been with us for decades, and depend on us for advice on a wide range of issues including:
- Business development incentive
- Business structure, including C and S Corporations, LLCs, LLPs, and sole proprietorships
- Corporate taxation
- Cost segregation studies
- Employee benefit planning
- Executive compensation programs
- Federal and state tax audit representation
- Financing acquisition
- Form 1099 series filings
- Individual taxation
- International taxation
- Mergers, acquisitions, and succession planning
- Multi-state taxation
- Nexus establishment
- Sales tax reporting and compliance
- State and local taxes
- Tax credits
- Tax planning
- Unrelated Business Income Taxes (UBIT)
Tuesday, February 12, 2019
More than a year after sweeping federal and state tax reform were enacted, businesses of all sizes are still wrapping their arms around the changes. Strategic tax planning now is key to lowering businesses’ total tax liability.
Monday, February 11, 2019
The Tax Cuts and Jobs Act (TCJA) contains several provisions that will lower federal income taxes for businesses. Here's an overview of three pro-business changes.
Monday, February 11, 2019
Many businesses will pay less federal income taxes in 2018 and beyond, thanks to the Tax Cuts and Jobs Act (TCJA). And some will spend their tax savings on merging with or acquiring another business. Before you jump on the M&A bandwagon, … more
Friday, January 18, 2019
On December 22, 2017, President Trump signed sweeping federal tax reform into law. Our eBooks cover some of the most impactful measures from tax reform affecting businesses and individuals.
Thursday, June 21, 2018
The Supreme Court rules that states can make retailers collect sales tax from online consumers, even if the retailers do not have a physical presence in the state.
Tuesday, November 29, 2016
Michē Needham, CPA discusses changes to tax forms and reporting dates in Buffalo Business First.