LMC is proud to announce that CEO Lee M. Cohen, CPA, has been named to Forbes’ 2026 list of Best-In-State CPAs. This distinction reflects Lee’s leadership and ongoing commitment to excellence within the accounting profession. Under his direction, LMC has continued to grow and evolve while maintaining…
Following the Supreme Court’s decision earlier this year that struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA), U.S. Customs and Border Protection (CBP) has begun implementing a formal refund process. CBP has introduced a new system, the Consolidated Administration and Processing of Entries…
LMC is proud to announce that it has once again been named one of the 2026 Best Companies to Work for in New York. This recognition, awarded by the New York State Council of SHRM in partnership with Best Companies Group, BridgeTower Media, and the Rochester Business…
Written by David Neuman, JD LMC Tax & Legal Manager As remote work continues to reshape the modern workforce, many businesses are hiring employees who live outside the state where the company is based. While this approach provides access to a broader talent pool and increased flexibility, it…
LMC is incredibly proud of our employees and their dedication to both the firm and our clients. This past month, LMC team members took part in the following events: Sushi & Sashimi Luncheon On Thursday, March 26, we brought back a team favorite with a sushi and…
We’re proud to share that LMC has received multiple recognitions from Accounting Today for 2026. The firm was named one of the 2026 Fastest Growing Firms, ranking #16, and was also recognized as a Regional Leader in the Mid-Atlantic region, as well as included in Beyond the…
Written by David Newman, JD LMC Tax & Legal Manager Following our July article, Understanding the New $1,000 Savings Accounts for Children, this update highlights recent developments and additional guidance. A new tax-advantaged savings vehicle for children has been introduced under recent legislation. Known as “Trump Accounts”,…
New York is moving forward with a state-sponsored retirement savings initiative that will impact many private employers beginning in 2026. The New York State Secure Choice Savings Program is designed to expand access to retirement savings by requiring certain employers to facilitate payroll-based contributions into individual retirement accounts…
LMC is incredibly proud of our employees and their dedication to both the firm and our clients. This past month, LMC team members took part in the following events: PopUp Bagels Breakfast On Thursday, February 26, we started the day with a breakfast spread from PopUp Bagels…
Financial scams targeting older adults continue to rise, with billions of dollars lost each year. While fraud can affect individuals at any stage of life, older adults are often targeted due to accumulated assets, perceived financial stability, and a greater susceptibility of misplaced trust. Following increased reporting…
