Lee M. Cohen, CPA, CEO of LMC, was recently named to Forbes’ 2025 list of Best-In-State CPAs. This prestigious recognition highlights Lee’s leadership and his commitment to excellence in the accounting profession. Under Lee’s guidance, LMC has achieved significant growth while continuing to prioritize exceptional client service….
LMC is proud to announce that LMC has, once again, been named one of the 2025 Best Companies to Work for in New York, recognized by the New York State Council of the Society for Human Resource Management (SHRM), Best Companies Group, BridgeTower Media, and the Rochester Business…
LMC is incredibly proud of our outstanding employees for their dedication to both the firm and our clients. This past month, LMC team members took part in the following events: LMC Softball Team LMC has joined a spring corporate softball league that plays in Central Park. This…
Written by Steven Goldglit, CPA LMC Partner, Art Practice With recent changes in trade policy and the increased use of tariffs, many in the art industry are asking an important question: Could these developments impact the import or export of artworks? The short answer is—there’s a…
For many individuals, life insurance is a fundamental component of a sound financial strategy. Yet, while the initial decision to purchase coverage is important, it’s not the final step. As life progresses, personal and financial circumstances change — and so should insurance coverage. Life insurance is designed…
Written by Rashmi Saraogi, CPA, MST + EA LMC Senior Tax Manager President Donald Trump issued an executive order (EO) on March 25, 2025, titled “Modernizing Payments to and from America’s Bank Account.” Effective September 30, 2025, this executive order mandates that the Department of the…
The Internal Revenue Service (IRS) is undergoing major internal changes that could have far-reaching effects on taxpayers across the country. With substantial staffing reductions, a hiring freeze, and a shifting enforcement approach, individuals and businesses alike may face new challenges in navigating tax compliance. How IRS Workforce…
Accounting Today—a leading independent news and content source for accounting professionals has included LMC on their Beyond the Top 100: Firms to Watch list. In addition, LMC is honored to have also been listed on their list of Fastest Growing Accounting Firms in the U.S. (ranked #8), as well…
The rise of the gig economy has provided new opportunities for individuals to earn income through self-employment. However, with these opportunities come important tax obligations that differ significantly from those of traditional employees. Understanding tax reporting requirements, payment obligations, and available deductions is critical to ensuring compliance…
LMC is incredibly proud of our outstanding employees for their dedication to both the firm and our clients. This past month, LMC team members took part in the following events: Pizza Luncheon On March 17th, we showed our appreciation with a pizza luncheon, offering a variety of…
