We’re proud to share that LMC has received multiple recognitions from Accounting Today for 2026. The firm was named one of the 2026 Fastest Growing Firms, ranking #16, and was also recognized as a Regional Leader in the Mid-Atlantic region, as well as included in Beyond the…
Written by David Newman, JD LMC Tax & Legal Manager Following our July article, Understanding the New $1,000 Savings Accounts for Children, this update highlights recent developments and additional guidance. A new tax-advantaged savings vehicle for children has been introduced under recent legislation. Known as “Trump Accounts”,…
New York is moving forward with a state-sponsored retirement savings initiative that will impact many private employers beginning in 2026. The New York State Secure Choice Savings Program is designed to expand access to retirement savings by requiring certain employers to facilitate payroll-based contributions into individual retirement accounts…
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: PopUp Bagels Breakfast On Thursday, February 26, we started the day with a breakfast spread from PopUp Bagels…
Financial scams targeting older adults continue to rise, with billions of dollars lost each year. While fraud can affect individuals at any stage of life, older adults are often targeted due to accumulated assets, perceived financial stability, and a greater susceptibility of misplaced trust. Following increased reporting…
Last week, the Supreme Court of the United States struck down many of the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) during the Trump administration. Since then, many importer clients have asked whether the government will refund the tariffs they previously paid and, if so,…
The U.S. Supreme Court has ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs. The decision held that tariffs imposed under IEEPA exceeded statutory authority, including the Reciprocal Tariffs introduced in April 2025, as well as tariffs imposed on Canada,…
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: Pizza Party On Thursday, February 19, we had a team luncheon catered by Rosie’s Kosher Pizza, featuring pizza,…
Gold and other precious metals periodically draw increased attention during times of inflation, market volatility, or geopolitical uncertainty. Gold reached new record highs in late January 2026 and experienced heightened volatility and pullbacks in early February 2026, renewing discussion about its role in diversified portfolios. Understanding how…
The U.S. Postal Service (USPS) recently updated its operating manual to clarify how postmarks are applied and what they represent. The USPS emphasized that this clarification does not change existing postal operations. Instead, it explains that a postmark date reflects when USPS processes the mail, which may not…
