PPP Forgiveness and Repayment: Deadline Approaching
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
Businesses need every advantage to help them achieve their financial objectives and compete in the marketplace. You can count on Lumsden McCormick to swiftly take advantage of every tax-savings opportunity so you can focus on the day to day operations.
Providing top-quality business tax services to commercial entities of all sizes and scopes has been a Lumsden McCormick hallmark since our inception in 1952. Through the proactive management of even your most complex business tax matters, our skilled tax advisors turn your financial information into a strategic business tool to manage the tax consequences of business, investment, and other financial decisions.
Our respected and skilled team of multidisciplinary tax professionals will collaborate with your team to develop long-term strategies all while focusing on the highly specialized aspects of your operations. Our membership in the BDO Alliance USA provides us with access to national and international resources that help us stay on top of issues affecting your business. We will alert you to potential opportunities and help you take advantage of those most beneficial to you. By integrating tax planning with every aspect of financial decision-making, you will benefit from planning strategies that maximize your tax advantages.
Most of our clients have been with us for decades, and depend on us for advice on a wide range of issues including:
In addition to strict adherence to all business tax deadlines, our value to you can be measured by how accessible and innovative we are in providing advice that takes all of your tax, business, and personal objectives into careful consideration.
For more information about our business tax planning strategies, contact a Lumsden McCormick service leader or complete the form 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