LMGW Welcomes Twins

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. 

Nick Satterfield named Employee of the Quarter

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.

Cut your Tax Bill with Home Energy Credits

Did you know that it’s possible to trim your tax bill and save on your energy bills with certain home improvements? Here are some key facts you should know about home energy tax credits:

Non-Business Energy Property Credit

• Part of this credit is worth 10 percent of the cost of certain qualified energy-saving items you added to your main home last year. This may include items such as insulation, windows, doors and roofs.
• The other part of the credit is not a percentage of the cost. It is for the actual cost of certain property. This may include items like water heaters and heating and air conditioning systems. The credit amount for each type of property has a different dollar limit.
• This credit has a maximum lifetime limit of $500. You may only use $200 of this limit for windows.
• Your main home must be located in the U.S. to qualify for the credit.
• Be sure you have the written certification from the manufacturer that their product qualifies for this tax credit. It is usually posted on the manufacturer’s website or included with the product’s packaging. You can use this information to claim the credit, but do not attach it to your return. Keep it with your tax records.
• You may claim the credit on your 2015 tax return as long as you haven’t exceeded the lifetime limit in past years. Under current law, this credit is available through Dec. 31, 2016.

Residential Energy Efficient Property Credit

• This tax credit is 30 percent of the cost of alternative energy equipment installed on or in your home.
• Qualified equipment includes solar hot water heaters, solar electric equipment, wind turbines and fuel cell property.
• There is no dollar limit on the credit for most types of property. If your credit is more than the tax you owe, you can carry forward the unused portion of this credit to next year’s tax return.
• The home must be in the U.S. It does not have to be your main home unless the alternative energy equipment is qualified fuel cell property.
• This credit is available through 2016.

To claim these credits use Form 5695, Residential Energy Credits. If you would like more information on this topic, don’t hesitate to contact the office.

LMGW Now Offering Small Business IT Services

LMGW is proud to announce the hiring of  Jeff Berman as IT Manager to provide outsourced IT services for our small and mid-sized business clients.  Jeff has nearly 20 years of experience in Computers and Information Technology specializing in desktop support and network administration. He holds a Bachelor of Science degree in Network and Communications Management.
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LMGW Named One of 2015’s Best Accounting Firms to Work for

For the 6th time in the history of the firm, LMGW was named a Best Accounting Firm to Work for during an annual survey by Accounting Today, a leading provider of online business news for the tax and accounting community.  LMGW is very proud of this year’s accomplishment!  Accounting Today partners with Best Companies Group to identify companies that have excelled in creating quality workplaces for their employees.

This survey caps out at 100 companies nationwide and LMGW is pleased to be a part of this elite group.  “The firms on this list represent the best workplaces in the accounting profession,” said Accounting Today Editor-In-Chief Daniel Hood.  “They are outstanding places to build a career.”

The rankings of the 2015 Accounting Today’s Best Accounting Firms to Work for will be unveiled in the December issue of Accounting Today.

For more information on the list and program, visit www.BestAccountingFirmsToWorkFor.com.