LMGW is proud to announce the Employee of the Quarter award has gone to Linda DeSantiago! Linda was primarily responsible for assembling thousands of tax returns during tax season. She worked to improve processes resulting in one of the smoothest tax seasons in assembly. Congratulations to Linda.
Manager, Katie Vachon and her husband Joe Jalbert welcomed twin boys on May 24th. John Joseph Vachon Jalbert was born at 5:45 am, and Charles Edward Vachon Jalbert was born at 7:10 am and were 4 lbs 5 oz and 4 lbs 9 oz, respectively. Katie and Joe call them Jack and Charlie. The boys were a bit early and required an extended hospital stay, but Jack and Charlie are home now and doing well. Katie and Joe are getting used to the reduced sleep schedule. 
There are many reasons to sell a business. Maybe you’re in ill health or ready to retire. Or you’re tired of working all the time and now that the business is profitable you’re ready to cash in. Whatever the reason, selling a small to medium sized business is a complex venture and many business owners are not aware of the tax consequences.
If you’re thinking about selling your business the first step is to consult a competent tax professional. You will need to make sure your financials in order, obtain an accurate business valuation to determine how much your business is worth (and what the listing price might be), and develop a tax planning strategy to minimizes capital gains and other taxes in order to maximize your profits from the sale.
The importance of preparing your business financials before listing your business for sale cannot be overstated. Whether you use a business broker or word of mouth, rest assured that potential buyers will scrutinize every aspect of your business. Not being able to quickly produce financial statements, current and prior years’ balance sheets, profit and loss statements, tax returns, equipment lists, product inventories, and property appraisals and lease agreements may lead to loss of the sale. Read more
LMGW is proud to announce the Employee of the Quarter award has gone to Nick Satterfield! Entering his second year as Staff Accountant, and completing his first full tax season at LMGW, Nick has showed amazing growth and assumed greater responsibilities in our tax department. Nick is establishing himself as a well-rounded accountant with experience in Audit, Tax and our BOSS departments. Congratulations to Nick.
Partner Jaclyn Skull had her beautiful baby boy, Jackson, on November 28th. He was 7lbs, 5 oz. & 20” tall. Mama and baby are happy and healthy!
