We’re excited to announce that LMC has once again been named a 2026 Best of the Best Firm by INSIDE Public Accounting (IPA)! IPA’s annual Best of the Best recognition highlights firms that stand out for their strong financial and operational performance. Being recognized once again…
Individual retirement accounts offer valuable tax advantages, but they also come with specific rules governing rollovers, distributions, and inherited accounts. While certain IRA mistakes can be corrected, others may result in unexpected taxes and penalties with limited opportunities for relief. Understanding some of the more consequential IRA…
LMC is proud to once again be recognized as one of Crain’s Best Places to Work in NYC for 2026! Our team joined fellow honorees Thursday, September 24, at the Crain’s Best Places to Work Awards Luncheon at the New York Marriott Marquis to celebrate this achievement….
LMC is incredibly proud of our employees and their dedication to both the firm and our clients. This past month, LMC team members took part in the following events: Needlers Foundation Annual Golf & Pickleball Outing On Monday, September 14th, LMC was proud to be among the…
TIME has released its TIME100 Art 2026 list, recognizing 100 influential individuals helping shape the future of art. This year’s honorees represent a wide range of roles across the art world, including artists, photographers, sculptors, curators, philanthropists, museum leaders, and others whose work and leadership continue to…
Trump Accounts provide families with a new tax-advantaged way to save for children. In addition to the $1,000 federal contribution available for eligible children born from 2025 through 2028, parents, grandparents, employers, and others may have opportunities to contribute additional funds. For families deciding whether to make…
We’re excited to share that Lee M. Cohen, CPA, CEO of LMC, has once again been recognized by Crain’s New York Business as one of its Notable Leaders in Accounting, Consulting & Law for 2026. This year’s list recognizes 97 leaders across the accounting, consulting, and legal…
Written by Jeffrey S. Gold, CPA LMC Tax Director About 90% of taxpayers claim the standard deduction rather than itemizing deductions on their federal income tax returns. Beginning with the 2026 tax year, many of these taxpayers may benefit from a new charitable contribution deduction without giving up…
LMC is incredibly proud of our employees and their dedication to both the firm and our clients. This past month, LMC team members took part in the following events: LMC & JP Morgan Young Professionals Networking Event On Thursday, August 13, LMC teamed up with JP Morgan…
