We are thrilled to announce a significant milestone for LCS Forensic Accounting & Advisory – our recent recognition as a Top 10 Financial Transaction Advisory Services Provider in 2023. Our acknowledgement is highlighted in the December 2023 edition of the Financial Services Review in the article titled "LCS Forensic Accounting & Advisory: The Financial Health Expert for Lower Middle Market Companies." This feature provides insight into our firm's distinctive approach to the nuances of SMB financial due diligence and is a testament to our commitment to excellence. Wading through SMB f ..read more

Dear Clients, Colleagues, and Friends: It is with great pleasure that we announce the addition of a Managing Consultant to our team at LCS, a leading Forensic Accounting & Transaction Advisory Firm. Please join us in congratulating Timothy Zimet, CPA as the newest member of our transaction advisory team. With past Big Four experience and a background in auditing and financial due diligence, Timothy brings superb knowledge and expertise to further enhance our capabilities in providing world-class transaction advisory services for our valued clients. Timothy is widely recognized for his ent ..read more

LCS Forensic Accounting & Advisory was a proud sponsor of the 2023 Rice University ETA conference this past weekend in Houston, Texas. It was a first class event and was packed with great information for searchers. As ETA continues to evolve, it is clear that Rice University will continue to be a trendsetter in the space. Max Lummis spoke on the Acquisitions Consideration Panel about financial and tax due diligence in the lower middle market. We are thankful to the Rice ETA program for including LCS in this prestigious event ..read more

Thank you to Search Investment Group for including LCS Forensic Accounting & Advisory in such an outstanding opportunity ..read more

Dear Clients, Colleagues, and Friends: It is with great pleasure that we announce the addition of a new Principal to our team at LCS, a leading Forensic Accounting & Transaction Advisory Firm. Please join us in congratulating Jonathan Pirie CVA, CFE Pirie as the newest member of our executive leadership team. With an impeccable track record and extensive experience in forensic accounting, business valuation, and financial analysis, Jonathan brings a wealth of knowledge and expertise that will further enhance our capabilities in providing top-notch forensic accounting, business valuation ..read more

The accounting profession has always been a dynamic and competitive field. With continued global economic expansion and the rise of multinational corporations, the demand for accountants has never been higher. Strong demand coupled with an accountant shortage (as recently reported by the Wall Street Journal), makes 2023 an incredible time to pursue a career in accounting. With so many firms vying for talented accounting grads, it is important to consider the benefits of working for a smaller firm. While many of these benefits are often overlooked, working for a smaller accounting firm can acc ..read more

Business acquisitions can be a lucrative strategy for companies looking to expand their operations, gain new customers, and acquire new technology. However, acquisitions come with their own set of risks and potential pitfalls that must be carefully considered before proceeding. Today’s blog outlines some of the most common potential pitfalls in business acquisitions and provides guidance for minimizing their impact. Underestimation of Costs: Buyers often underestimate the costs associated with acquiring a business. These costs may include legal and financial due diligence, integration expense ..read more

Many thanks to Heather Endresen and Lisa Forrest of Live Oak Bank for inviting Max Lummis to speak at the September 2022 SMB Acquisition Diligence Session! It was a concise discussion with so much offered to guide a meaningful search process ..read more

LCS would like to thank UH BAP for having Max Lummis and LCS participate on the 2022 track night panel! The event showcased the exciting tracks in accounting and included a panel discussion consisting of professionals from across a diverse range of fields including Tax, Audit, Advisory, and Industry ..read more

President Trump signed the "Coronavirus Aid, Relief, and Economic Security Act" (the CARES Act) on March 27, 2020. Among other provisions, the legislation authorizes $349 billion for the Paycheck Protection Program (PPP) designed to help employers maintain their workforce during the Coronavirus outbreak. CARES expands the SBA's Disaster Loan Program by offering potentially forgivable loans to small businesses and 501(c)(3) organizations. Qualifying businesses must have been in operation prior to Feb 15, 2020, with 500 or less total contractors + salaried employees (1099 and W2). PPP loans hav ..read more