We’re proud to announce that the firm has named four new Partners and we have promoted several outstanding team members across the firm. These individuals have demonstrated leadership, expertise, and a deep commitment to client service and team development. Meet Our New Partners Nick Grgas – Partner…
The U.S. Supreme Court is reviewing a case that could significantly reshape presidential authority over trade. At the center of the dispute is whether President Trump exceeded his legal powers under the International Emergency Economic Powers Act (IEEPA) by imposing sweeping tariffs on imports without a declared national…
The Trump administration is expected to introduce a proposal that could make it easier for first-time homebuyers to access their 401(k) savings for a down payment, without incurring the usual 10% early withdrawal penalty. What’s Being Proposed? While full details have not yet been released, the proposal…
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 Holiday & Awards Event On December 22, LMC hosted its annual holiday party at Gotham Hall,…
Key changes to 401(k) catch-up contributions are on the horizon. Starting in 2026, updates from the SECURE 2.0 Act will affect how and when older workers, particularly high earners and those in their early 60s, can make additional contributions toward retirement. Catch-Up Contributions: The Basics Catch-up contributions…
LMC is proud to announce the promotion of Nick Grgas, Gary Sozzi, Jonathan Porcelli, and Ari Shamir to Partner. NICK GRGAS, PARTNER Nick has been instrumental in the growth and success of LMC’s Audit & Assurance Department and serves as the Department Lead. He oversees complex engagements and…
For more than two centuries, the penny has been part of everyday American life—jingling in pockets, collecting in drawers, and helping make exact change in countless transactions. But as of this year, the U.S. Mint has officially retired the one-cent coin—closing the book on a monetary tradition that…
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: LM CFO + CAS Potluck Luncheon On November 20, the LM CFO + CAS team got together…
We are currently in a period of high home prices and relatively high mortgage rates. A push to improve housing affordability is gaining momentum. One potential solution being proposed is the 50-year mortgage—a loan term that would stretch payments over five decades. While the idea may seem appealing,…
As inflation-adjusted updates roll out for retirement savings plans, the IRS has announced higher contribution limits for 401(k)s and IRAs in 2026. These increases give older workers the chance to boost their savings as they approach retirement. Higher Limits Across the Board Starting in 2026, the annual…
