- 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, August 14, 2018
The Tax Cuts and Jobs Act makes sweeping changes, but some of the new provisions won't necessarily be relevant to your situation. Here's a quick reference guide to the major changes under the new law to help you understand what's changing.
Thursday, August 9, 2018
Do you have long-term capital gains or qualified dividends? If so, there's good news: After the Tax Cuts and Jobs Act (TCJA), you might still qualify for the 0% federal income tax rate on these types of income.
Tuesday, June 26, 2018
The new U.S. Supreme Court ruling paves the way for states to require Internet sellers to collect sales tax from consumers — even if they don't have a physical presence in the state.
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.