LMC Spotlight: Steven Goldglit, CPA

Featuring Steven Goldglit, CPA LMC Art Practice Partner

The Bottom Line was excited to interview Steven Goldglit, CPA, LMC’s Art Practice Partner. Steven joined LMC following the recent strategic partnership between LMC and Goldglit & Company LLP (press release here). He brings extensive experience in tax, accounting, and business consulting services, particularly within the Fine Art marketplace. Steven is dedicated to enhancing the financial viability of his clients and ensuring they achieve their long-term goals.

What made LMC the right partner for Goldglit & Company LLP?

• Partnering with LMC was the perfect opportunity to realize our shared vision of creating a premier firm that serves all art industry professionals – galleries, private art dealers, art advisors, and artists with tailored accounting, tax and planning guidance. This partnership empowers our clients to achieve their long-term financial objectives by providing greater value through an expanded range of services, deeper technical expertise, and additional high-caliber talent.

Why did you get into accounting?

• I was excited to pursue an accounting degree because it provides the most comprehensive understanding of all business practices. Then being able to combine my passion for the arts with the specialty of accounting and tax knowledge, allowed me to help the art industry in the most thorough manner.

What aspects of Goldglit & Company’s culture are you most excited about to bring to LMC?

• As a smaller firm, Goldglit & Company prioritized delivering personalized, high-quality service that prioritized clients’ needs. We ensured that clients fully understood every aspect of their financial situation and had clarity on all available options. Our relationship-based approach made clients feel they had a dedicated team to support them and address any accounting or tax challenges that arose. I am excited to bring this client-centered, personalized service culture to LMC.

What are the emerging trends in the art accounting industry and what challenges, should we expect in the near future?

• The art market is becoming more global than ever before, and this is posing challenges to the art accounting industry. It is imperative to create international connections and relationships with artists and galleries in order to properly advise our clients, and assist them with their business challenges. Further, as the market develops and US businesses open galleries abroad – and foreign galleries open in the US – we are at the forefront of knowledge that is needed to manage these challenging times.

Looking forward, what are the strategic goals you would like to achieve at LMC?

• At LMC, my strategic goals are to leverage our expanded resources to deepen technical expertise, broaden service offerings, and continue fostering a supportive, award-winning culture. Together, we aim to provide innovative financial solutions that meet and exceed our clients’ evolving needs.

For more information on LMC’s art practice offerings, contact Steven Goldglit at steven@goldglit.com.