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 Quarterly Renewal LMC recently hosted its second Renewal Meeting of 2025. This gathering brought our team…
LMC is proud to share that we’ve been recognized as one of the Top 200 accounting firms in the country by INSIDE Public Accounting (IPA). In 2024, we ranked #168 on the IPA Top 500 list. Following another year of strong growth, we’ve advanced to #143 in the…
We’re pleased to share that Stephen A. Kepniss & Associates, P.C., a respected tax advisory firm based in Springfield, NJ, has officially joined LMC. This strategic integration strengthens our ability to serve clients in key areas, including tax planning, real estate advisory, and high-net-worth financial strategy. By…
A Head Start in Saving—With Strings Attached The One Big Beautiful Bill introduced new tax advantaged savings accounts for minors, known as Trump Accounts. Beginning in 2026, a government-backed savings initiative will offer eligible children a $1,000 head start on investing—automatically deposited into a special custodial retirement account….
LMC was recently featured in Accounting Today’s Practice Profile series, which highlighted our work with clients within the art industry—including artists, galleries, and collectors. The article shares how our art-focused practice has developed under the leadership of partners Steven Goldglit and Michael Young, both of whom bring…
Charitable giving is about to become more complex. Beginning in 2026, new tax rules will change how deductions work for millions of Americans. These adjustments—part of the recently passed One Big Beautiful Bill Act—introduce new benefits for some taxpayers, reduce deductions for others, and generally complicate how charitable…
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: Yankees & Mets Game LMC Team Outing On Sunday, July 6th, LMC team members enjoyed a sunny…
On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, introducing extensive changes to the U.S. tax code. Most taxpayers want to know how this will affect their corporate and personal returns. While the legislation spans a wide range of policy areas, we…
JULY 1, 2025 (New York City) — LMC, a leading New York City professional services firm and an Ascend platform partner, today announced that Stephen A. Kepniss & Associates, P.C. (“Kepniss”) of Springfield, NJ, has joined the firm. The combination of LMC and Kepniss enables both firms…
Written by David Newman, JD LMC Tax & Legal Manager President Trump’s tax package, the One Big Beautiful Bill Act, passed the House of Representatives in May and could significantly broaden how families use their 529 college savings plans if enacted into law. Traditionally reserved for higher education costs, 529 funds…
