We’re proud to share that LMC has once again been named by Crain’s New York Business as one of the Best Places to Work in NYC. This honor reflects our ongoing commitment to creating a positive, inclusive, and rewarding workplace culture. Each year, the award is based…
Homeowners who sell their home at a profit may face capital gains taxes, but with strategic planning, many homeowners can reduce or even eliminate the tax. As property values continue to rise, more homeowners are tempted to take advantage of the increase in their home’s worth and have…
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 Sushi Luncheon On Tuesday, September 9th, LMC brought back our popular sushi and sashimi lunch, catered…
The U.S. Supreme Court has agreed to fast-track a case challenging the legality of the Trump administration’s global reciprocal tariffs, with arguments scheduled for November and a ruling expected by year-end. The case centers on the administration’s reliance on the International Emergency Economic Powers Act (IEEPA)—a 1977…
With recent changes to the tax landscape, one charitable giving strategy has become even more appealing for older Americans: Qualified Charitable Distributions (QCDs). While the rules governing QCDs remain unchanged, new deductions and income thresholds introduced in the 2025 legislative package—referred to as the “megabill”—have significantly increased their…
LMC CEO Lee M. Cohen, CPA, recently participated in a webinar hosted by the Jewish Communal Fund (JCF) titled Charitable Giving Under the New Tax Law. Joined by JCF CEO Rachel Schnoll, Lee shared valuable insights on how donors can plan ahead of the 2026 tax changes to…
A newly enacted tax deduction will reduce income taxes on certain overtime wages starting with the 2025 tax year. While the change could benefit millions of American workers, the eligibility rules are narrower than expected and may create compliance challenges for both employees and employers. Overview of…
Featuring Maritza Ortiz LM CFO + CAS Partner The Bottom Line was excited to sit down with Maritza Ortiz, Partner of LM CFO + Client Advisory Services, to discuss her work leading one of LMC’s most impactful divisions. LM CFO + CAS serves as a dedicated financial…
As part of the recently passed One Big Beautiful Bill Act (OBBBA), several long-standing business tax deductions related to employer-provided meals and snacks will be significantly reduced or eliminated beginning January 1, 2026. These changes will affect many employers’ internal food offerings and could lead to increased taxable…
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…
