LCA, PLLP is a full-service CPA firm serving clients in the upper Midwest, dedicated to being trusted advisors and providing our clients with professional, personalized services and guidance in a wide range of financial and business needs. We have been assisting closely held, family owned and emerging businesses for over 38 years. Our firm has developed an expertise in the transportation industry but we also work closely with businesses in the service industry, real estate, agriculture, non-profits, and franchisees.
We provide strategic and transactional business planning while working closely with our clients' attorneys, wealth management advisors, financial institutions and insurance agents in order to sucessfully implement our clients' plans. LCA is one of the leading firms in and throughout St. Paul, MN. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.
We provide strategic and transactional business planning while working closely with our clients' attorneys, wealth management advisors, financial institutions and insurance agents in order to sucessfully implement our clients' plans. LCA is one of the leading firms in and throughout St. Paul, MN. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.
Services
For years, Lawrence Cumpston & Associates, PLLP has been providing quality, personalized financial guidance to local individuals and businesses.
Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
Lawrence Cumpston & Associates, PLLP is one of the leading firms in and throughout the area.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
Lawrence Cumpston & Associates, PLLP is one of the leading firms in and throughout the area.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Lawrence Cumpston & Associates, PLLP provides a wide range of services to individuals and businesses in a variety of industries.
We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Lawrence Cumpston & Associates, PLLP can provide professional know-how to help you successfully structure and negotiate the deal.
We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Lawrence Cumpston & Associates, PLLP can provide professional know-how to help you successfully structure and negotiate the deal.
Over the years, Lawrence Cumpston & Associates, PLLP aka ( LCA ) has established itself as a company that consistently strives to provide first-class services to our clients.
Our staff is comprised of tax and accounting professionals with extensive professional experience and exceptional academic credentials, who are committed to providing our clients with superior and timely service.
We offer employees a stable, organized, technologically advanced, and friendly business environment led by management that clearly supports and practices a team-oriented working approach.
Our staff is comprised of tax and accounting professionals with extensive professional experience and exceptional academic credentials, who are committed to providing our clients with superior and timely service.
We offer employees a stable, organized, technologically advanced, and friendly business environment led by management that clearly supports and practices a team-oriented working approach.
Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
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