LMGW Certified Public Accountants

LMGW Receives Highest Rating in Peer Review Report

LMGW Certified Public Accountants, LLP has received a rating of “pass” related to the system of quality control for the accounting and auditing practice in its most recent peer review. Pass is the highest rating a firm can receive. The peer review program is dedicated to enhancing the quality of accounting, auditing and attestation services performed by CPAs in public practice. Peer reviews are required every 3 years. For our clients, this ensures that LMGW is providing the highest quality service. For a copy of our lastest system review report please click the link below:

Peer Review Report – 2012

LMGW promotes Michael Bryant to Partner

LMGW Certified Public Accountants, LLP has promoted Michael J. Bryant, CPA to Partner in charge of attest (Audits, Reviews and Compilations.) He will also continue assisting with litigation support services. Michael has a diverse client background which includes finance, technology and manufacturing clients for both private equity and closely held businesses as well as a range of nonprofit clients. In his tenure as manager, he was in charge of the firm’s larger and more complex audit and review engagements. He also gained experience on single audits and government audits.   Read more

Forensic Accountants and Divorce

Divorce can be an uncomfortable topic to discuss, especially with your accountant, but forensic accountants can play a key role in a marital dissolution. Although not required for all marital dissolutions, many of the more complicated cases can greatly benefit from the services of a forensic accountant. Read more

Obtaining a Business Loan

One of the most difficult tasks for small business owners is finding money to start and grow their business. A lack of sufficient capital is also the number one reason for the failure of most small businesses. Despite the large bank bailouts and stimulus money, credit is still tight for small business. Being prepared with a package that is comprehensive and anticipates most common lender questions can drastically improve your chances of obtaining the funding you need to make your business prosper. Read more

How Does New Income Tax Accounting Apply to Not-For Profit Entities?

If you’re a non-profit organization you may have heard about FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48) and just brushed it aside. But pay attention, as FIN 48 now applies to not-for-profit entities. The effective date for nonpublic entities, including not-for-profit entities to adopt FIN 48 is for fiscal years beginning after December 15, 2008. That means for entities that have a 12/31 year end, FIN 48 is applicable for 2009. The IRS will require a copy of the FIN 48 accrual footnote that is presented in the audited financial statements with the entity’s Form 990. Read more