Were you concerned that Congress was not going to raise the debt limit? Well, you can relax now that we know the government will not default on its debts. Since 1960, Congress has acted 78 separate times to raise, extend or revise the government’s debt limit. Once…
So many of our clients have been frustrated by the length of time it can take to get a response from the IRS when submitting paper documentation. Last Wednesday, Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel announced the Paperless Processing Initiative to try and reduce the…
United States Citizenship and Immigration Services has announced a new Form I-9, that went into effect on August 1st, 2023. The Form I-9 is used to verify the identity and employment authorization of individuals hired for employment. The Basics All employers must use Form I-9 to…
LMC sponsored a fun night of cross-town rivalry, by taking the firm to see the New York Yankees take on the New York Mets on Tuesday, July 25th. LMC sponsored a fun event for our staff when we attended a game at Yankee Stadium between the New…
LMC Lending Services by The Bespoke Banker (LMCLS) is excited to announce that Matthew Salmon, Founder of The Bespoke Banker has been named one of the Most Influential Business Leaders in the Finance Sector for 2023 by Enterprise World Magazine. The following is taken from the article…
Benefit Ownership Information (BOI) reporting, a new anti-money-laundering initiative affecting most entities, will take effect on January 1, 2024. Enacted through the Corporate Transparency Act of 2021, its purpose is to keep racketeers including oligarchs, financiers of terrorism, drug traffickers, and human traffickers from using anonymous shell companies…
CPA Firms Shift Toward More In-Person Collaboration and More Square Footage Written by Chris Camara, Managing Editor at Inside Public Accounting (IPA) Featuring Ephraim Fishman, CPA Partner Featuring Brandon Smith CHRO Click to Read PDF Version Three years after accounting professionals were forced home by COVID and then…
Choosing a bank is an important decision, particularly in the ever-changing financial landscape. LMCLS Relationship Manager, Shahrzad Pantera, shares’ her best practices and strategies, particularly for the next generation of youth who will encounter this important decision. Op-Ed Written by Shahrzad Pantera Relationship Manager, LMCLS I am happy…
Due to the firm’s continued growth, LMC is excited to have welcomed numerous new employees who have recently joined our team. We are thrilled that these new employees have decided to build their careers at LMC. Management Nicole Pollack joined as the firm’s Chief Growth Officer in June. Nicole…
LMC proudly announces the launch of LMC Family Office, a dedicated division providing specialized family office services to high net worth individuals and families. Designed to meet the complex needs of substantial wealth, this service line supports clients through expert guidance in investment management, tax optimization, estate…
