Flexible work might be the critical component of retention When we speak to our clients across almost all industries, we hear a common refrain – in the current environment, it is difficult to retain and attract employees. Workers and potential employees are looking at many different aspects…
LMC Ventures is focused on bridging the gap between investors and sponsors. Our focus is on sourcing, analyzing, and sharing investment opportunities with our clients. The opportunities we identify come from privately owned companies, the larger private equity world, the real estate market – both on the equity…
On April 9th, 2022, New York Governor Kathy Hochul signed the state’s Fiscal Year 2022-23 budget bill. Among the various tax provisions in this historic bill, there are two noteworthy changes to the New York PTE tax. Under the original PTE tax law, the tax base for…
President Biden signed an executive order on March 9, 2022, titled “Ensuring Responsible Development of Digital Assets.” The document details the U.S. government’s strategy regarding digital assets, including cryptocurrencies, central bank digital currencies (CBDCs), stablecoins and other types of exchange that are recorded on the blockchain. What does…
We did it! Thanks to our amazing team at LMC we’ve moved past another tax deadline. Over the first quarter of 2022, our team worked very hard during the busy tax season servicing clients and keeping up with the continuous changes in tax law. LMC leadership is extremely…
The IRS, which was dealing with a lot of controversy over its decision to use facial recognition software, has reversed course, and in February 2022, announced it would allow taxpayers to use alternative methodologies to authenticate their accounts. The IRS had adopted the technology as a way to…
Congratulations to Lee M. Cohen, CPA! LMC’s Managing Partner and Founder Honored by Big Brothers Big Sisters of NYC LMC is very proud to share an exciting announcement! Lee M. Cohen, CPA, Founder and Managing Partner of LMC has been selected as an honoree by Big Brothers Big…
At LMC, our team’s main focus is to service and support our clients. During this demanding time of year, we wanted to offer our appreciation to our hardworking staff who are so crucial in accomplishing the goals we have for this busy season. Throughout the past month,…
In March of 2020, the federal government created the Pandemic Unemployment Assistance (“PUA”), a program that provided support for Americans who were unable to work due to the Coronavirus pandemic but did not qualify for traditional Unemployment Insurance (“UI”). Individuals who received PUA benefits on, or after December…
January 1, 2022 signaled the start of the new year as well as the start date for a number of new laws, rules, and regulations. Among them is one that will impact business owners utilizing third-party network payment providers, such as PayPal, and Venmo. The new rule,…
