Written by David J. Neuman, JD Tax & Legal Manager Starting January 1, 2025, many small businesses will be required to disclose details about their Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA) passed in 2021. This regulation…
May 1, 2024 (New York City) — LMC Advisors today announced a partnership with Vogel & Co., an independent business management and tax advisory firm with offices in Darien, CT, and West Palm Beach, FL, specializing in family office services for high-net-worth clients. This strategic partnership will provide…
LMC is proud to share for a consecutive year, the firm has been recognized as one of the 2024 Best Companies to Work for in New York, by the New York State Council of the Society for Human Resource Management, together with Best Companies Group, BridgeTower Media and Rochester…
LMC is proud to announce that Lee M. Cohen, the firm’s CEO was recently listed on Forbes’ list of America’s Top 200 CPAs. Lee is a true visionary leader – he empowers the LMC team and clients to dream big and is instrumental in LMC’s growth, including…
Featuring Nessim Azizo LMC Family Office Co-Lead The Bottom Line was excited to interview Nessim Azizo, LMC Family Office Co-Lead. The Family Office division supports our high net worth clients by providing tailored financial guidance and transparency to families, empowering them to preserve and grow their wealth…
On November 22, 2023, New York State took a significant step towards safeguarding the rights of freelance workers by enacting the “Freelance Isn’t Free” Act. This legislation, set to take effect on May 20th, 2024, aims to provide vital protections for freelancers and independent contractors across the state….
The Tax Cuts and Jobs Act (TCJA) of 2017 introduced a significant change in the tax landscape for business owners by establishing the Qualified Business Income (QBI) deduction. It’s important to note that this deduction is temporary, set to expire at the end of 2025 unless Congress takes…
As LMC’s dedicated staff have been working hard throughout this busy season, the firm continued showing our appreciation by offering more curated events last month and opportunities to de-stress. Not only did we have our annual March madness college basketball bracket competition, we hosted new fun events for…
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…
The dedicated staff at LMC have been working hard throughout this busy season, and the firm wanted to continue showing our appreciation by offering curated events throughout the month. Health and Wellness Initiative The firm has continued our health and wellness initiative by offering a variety…
