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…
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…
