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

Max Lummis was named 40 Under 40 by the National Association of Valuators and Analysts. He was also named in 2015 ..read more

On September 21st, 2021, Max Lummis gave the second of two townhall presentations geared toward financial due diligence in the lower middle market. This segment focused on the often confusing concept of Net Working Capital. The complete video is available below. https://youtu.be/WDO6Nfz9e1s ..read more

Houston, Texas, 19 August 2021 LCS Forensic Accounting & Advisory, a Texas based CPA firm specializing in financial due diligence, accounting optimization services and litigation support is elated to announce Olya Lumelleau, CPA, as a new partner. Mrs. Lumelleau is an accomplished Certified Public Accountant, and managing consultant in the firm's transaction advisory practice. Olya graduated with a Bachelor’s Degree from Ivan Franco National University of Lviv and continued her education at the University of Houston, C.T. Bauer College of Business. She is multilingual, speaking English, U ..read more

19 August 2021 - LCS Forensic Accounting & Advisory is proud to welcome consultants Aditya Bagri, Ali Dossani and Clark Crookston and to the LCS Team. We are also pleased to announce our new Firm Administrator, Brandy Dewbre. Our firm has grown considerably in recent years and we are grateful for our Team's dedication and for the support of our clients ..read more

On April 7th, 2021, Max Lummis presented the first of two townhall presentations geared toward financial due diligence in the lower middle market. The complete video is available below. The second presentation will take place via Searchfunder live stream on May 3rd, 2021 at 1pm. https://www.youtube.com/watch?v=BVNa8qHgH0g&ab_channel=Searchfunder ..read more