LMC

03/31/2024

LMC wishes to all who celebrate a Happy Easter!

03/28/2024

An important aspect of the success of any business is a strong accountant-client relationship.

In the complex world of business, fostering a strong relationship between clients and accountants is not just beneficial—it’s essential for success. It’s clear that the most productive accounting relationships are those built on continuous communication and mutual understanding.

Nick Grgas, LMC Audit Director addresses the significance of a company’s continuous communication with its accounting firm and the implementation of robust internal controls.

Click through to read more: https://lmcas.com/empowering-business-success-the-role-of-effective-accounting-relationships-and-internal-controls/

Written by Nick Grgas Audit Director In the complex world of business, fostering a strong relationship between clients and accountants is not just beneficial—it’s essential for success. It’s clear that the most productive accounting relationships are those built on continuous communication and...

03/26/2024

LMC is proud to announce that, for a consecutive year, the firm has been recognized as a 2024 Regional Leader by Accounting Today! In addition, our strategic investment partner, Ascend, is listed as a 2024 Top 100 firm by AccountingToday. This dual recognition further underscores the strength of our partnership.

We are deeply grateful to, once again, receive this distinction. This achievement would not have been possible without the unwavering support and dedication of our phenomenal team. Every member of LMC has played a pivotal role in contributing to the success and growth of our firm, which allowed us to earn this prestigious honor.

Click to Read More: https://lmcas.com/lmc-is-a-2024-regional-leader-in-the-mid-atlantic-region-by-accountingtoday/

LMC is proud to announce that, for a consecutive year, the firm has been recognized as a 2024 Regional Leader by AccountingToday! In addition, our strategic investment partner, Ascend, is listed as a 2024 Top 100 firm by AccountingToday. This dual recognition further underscores the strength of our....

03/15/2024

LMC attended the recent MAGIC Event in Las Vegas last month, an event known for showcasing a wide spectrum of brands across sportswear, apparel, footwear, and accessories. This engagement highlights our commitment to supporting our clients as they exhibited at the event.

MAGIC serves as a platform for gaining insights into the evolving trends that are shaping the consumer apparel and product landscape for brands and retailers. Some of the highlights included technology trends driving e-commerce success, embracing sustainable fashion, and Taylor Swift’s branding strategies. Click through to read more: https://lmcas.com/lmc-attended-magic-in-las-vegas/

LMC attended the recent MAGIC Event in Las Vegas, which took place February 13th to 15th. This event is known for showcasing a wide spectrum of brands across sportswear, apparel, footwear, and accessories. This engagement highlights our commitment to supporting our clients as they exhibited at the e...

03/08/2024

LMC celebrates International Women's Day, and recognizes the achievements of women across the globe. In celebration, women within the firm gathered together in the office for a well-deserved break to enjoy a fun, engaging and empowering get together.

03/07/2024

The art market is subject to changes driven by global, economic, and technological factors. Navigating these trends requires a keen understanding of the interplay between the implications for art investors and collectors.

This article addresses areas including estate and gift tax planning, cross-border considerations, VAT/GST challenges, and sales and use tax issues.

Click through to read more: https://lmcas.com/art-finance-tax-considerations-for-art-collectors-and-investors/

Explore how global trends impact the art market, including tax planning, cross-border issues, and VAT challenges for investors and collectors.

03/04/2024

In honor of Women’s History Month, LMC celebrates the contributions women have made, and recognizes the many accomplishments & achievements women have made over the course of history.

03/01/2024

LMC couldn’t succeed and properly service our clients without the collective contributions of our fantastic employees.

During this demanding time of the year, we wanted to offer our appreciation to all our hardworking staff, who consistently go above and beyond what is expected. We wanted to say thank you and express our gratitude for their dedication to the firm.

02/22/2024

LMC recently hosted its first Quarterly Renewal, an engaging and interactive session to highlight key initiatives of the firm, which is a continuation from the firm’s first Whole Company event in November last year.

The firm came together to reflect on our collective wins from 2023 and set the stage for an exciting journey in 2024.

Managing Partner, Lee Cohen, CPA, Partner, Thomas Procida, CPA, CHRO, Brandon Smith, and CGO, Nicole Pollack re-enacted the key milestones and accomplishments of 2023, including our partnership with Ascend, hiring 28 new teammates, and launching LMCGivesBack. Then, they unveiled the firm’s 2024 strategic initiatives to deliver on our commitments to our team, clients and the community.

Click through to read more about the Quarterly Renewal: https://lmcas.com/lmc-hosts-first-quarterly-renewal-in-2024/

On Tuesday, February 6th, LMC hosted its first Quarterly Renewal, an engaging and interactive session to highlight key initiatives of the firm, which is a continuation from the firm’s first Whole Company event in November last year.   The firm came together to reflect on our collective wins...

02/19/2024

Happy Presidents’ Day from LMC - the firm salutes the contributions of our nation’s presidents.

02/16/2024

As the digital landscape of gambling continues to expand with the legalization of online sports betting in more states, both seasoned bettors and novices are navigating the complex world, whether they owe taxes on their gambling winnings.

With the recent exciting finish of the 2024 Super Bowl, many are turning their attention to how they can manage any taxes that might be owed on their gambling winnings, whether they were placing bets from the comfort of their home or experiencing the thrill of Las Vegas casinos firsthand.

Click to read more: https://lmcas.com/tax-considerations-for-sports-bettors-gamblers/

Learn more about navigating the evolving digital gambling tax landscape with IRS guidelines on winnings from online betting.

02/15/2024

LMC is thrilled to announce the promotion of Christopher Kotan, CPA to Partner in the firm.

Christopher has been an invaluable asset to our firm, serving as a dedicated and loyal tax professional, demonstrating proactive leadership to our teams by overseeing the Tax department and playing a pivotal role in the firm’s tremendous growth and success.

As Christopher assumes his new role as Partner, we are confident that he will continue to excel and lead with integrity, and a steadfast dedication to our clients’ success in their financial goals.

Click to read more: https://lmcas.com/christopher-kotan-cpa-promoted-to-partner/

LMC is thrilled to announce the promotion of Christopher Kotan, CPA to Partner in the firm.   Christopher has been an invaluable asset to our firm, serving as a dedicated and loyal tax professional, demonstrating proactive leadership to our teams by overseeing the Tax department and playing a...