LMC - Artists & Art Galleries

Who we serve in the art community

With our deep understanding of the art industry, we offer expert guidance tailored to your unique needs

Valuation Methods We assess the methods used to value artworks and ensure compliance with accounting standards
Inventory Management We review inventory management processes for art galleries or museums to ensure accurate reporting of artworks
Capital Gains & Sales Tax We assess the tax implications when selling artworks, including capital gains tax on profits, associated sales tax in local jurisdiction and use tax
Charitable Tax Deductions We determine artwork eligibility for charitable tax deductions
International Taxes We evaluate import and export tax implications may arise when importing or exporting artworks across international borders