New York State COVID-19 Capital Costs Tax Credit Program

It's time for small businesses to apply for the NYS COVID-19 Capital Costs Tax Credit Program which allows small businesses to receive a tax credit of 50% of qualifying expenses.

Read New COVID Tax Credit

How Employers Benefit From the Work Opportunity Tax Credit

Understand the benefits of the Work Opportunity Tax Credit and how it can benefit your efforts to hiring and retention efforts.

Read Work Opportunity Tax Credit

Two Types of Fringe Benefits

We explain the difference between employee fringe benefits including no-additional cost benefits and de minimis fringe benefit. Plus a US Tax Court case illustrates taxable vs. nontaxable fringe benefits.

Read Fringe Benefits

The Benefits of a Sales and Use Tax Review

What is the proper amount of sales and use taxes to remit to state and local jurisdictions? A review of your sales and use tax practices may save time and money.

Read Sales Tax Review

We have News!

Lumsden McCormick is pleased to announce the appointment of Sara M. Dayton, CPA to Managing Partner effective January 1, 2023. Sara will be the first female partner in the history of the Firm.

Read the news release and congratulate Sara.