News Room & Blog

Why QuickBooks is the best choice for small business owners

May 5, 2023

QuickBooks is a financial management software that is specifically tailored for small to medium-scale businesses. Its software is designed to help business owners manage their company’s finances, create financial reports, and streamline accounting processes. The software’s intuitive system and easy-to-use interface have made it the go-to financial management solution for over 29 million users in […]

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How to extend your tax return deadline and avoid penalties.

April 12, 2023

As the deadline for filing your tax return looms, you may start to feel a sense of panic or anxiety. Perhaps you’ve been too busy or overwhelmed with other tasks to prioritize tax prep, or maybe you’re unsure where to begin. Whatever the case may be, it’s important to know that you have options when […]

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4 Ways Tax Pros Make Filing Easier and Less Stressful.

April 5, 2023

Filing taxes is a task that can be daunting for anyone. The process can be both confusing and time-consuming, leaving many people feeling stressed and overwhelmed. Fortunately, there is a solution to this problem – hiring a tax pro. Tax professionals are experts in their field, and they can help to make the process of […]

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Countdown to Tax Day: Quick tips to help you file on time.

March 28, 2023

Don’t let Tax Day sneak up on you! With the filing deadline just around the corner, now is an important time to make sure all your documents are in order, and all forms have been submitted. If not, we’ve got a few timely tips that can help ensure everything gets completed without any penalties or […]

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What CEOs can learn from the fall of Silicon Valley Bank

March 24, 2023

When Silicon Valley Bank was shut down on March 10th, it came as a shock to many in the tech and finance community. Unless you were a customer or employee, chances are this was the first time you had heard of this bank. You might be asking yourself now, what went wrong, and what does […]

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Here’s How You Can Save TIME & MONEY During Tax Season

March 16, 2023

Tax season is here, and it’s time to ensure you maximize your business tax strategy. It can be overwhelming – reviewing your structure, finding all those deductions or credits, and the ever-changing codes! That’s why our team at LMC has compiled a list of the top things you need to know during tax season.  Review […]

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Recession Proof Your Business with 5 Essential Strategies – Top Tips From LMC’s Team

March 3, 2023

Are you worried about the current state of the global economy and how it will impact your business? Don’t worry – you’re not alone. Ensuring your business is resilient to a financial downturn can be daunting, but having the right strategies in place can make all the difference. Fortunately, whatever stage of business ownership or […]

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Crypto investors may get tax break but still have to Report to the IRS

July 13, 2022

The U.S. government’s bid to collect billions of dollars in taxes is hitting a snag, with the Biden administration poised to delay when crypto brokers and exchanges must start gathering detailed information on their clients’ trading. The Treasury Department and the Internal Revenue Service are likely to push off a January date for the firms […]

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Who Else Wants a $31,000 Check from the IRS?

June 16, 2022

Our firm received a $31,000 check from the IRS last month for the Employee Retention Credit, or ERC.  How would you like a check that big, or even a lot bigger? The ERC arrived as part of the CARES Act that Congress passed in 2020.  We have used that law to help our clients and ourselves […]

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Starting July 1st Impact-resistant doors, windows, garage doors are tax-free

June 15, 2022

For anyone in the Sunshine State who’s considering home upgrades before hurricane season ramps up, the state of Florida has some incentives to help get those projects going.  July 1 begins a 2-year, tax-free window on impact-resistant doors, garage doors, and windows. Florida’s Chief Financial Officer Jimmy Patronis offered a window into the state’s new Home […]

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How the Fed’s interest rate hike will directly impact you

May 17, 2022

The Federal Reserve recently announced that it’s raising interest rates by half a percentage point — the biggest increase to short-term borrowing costs in more than two decades — and alerted consumers that more hikes of this size are yet to come, marking the U.S. central bank’s most aggressive moves yet to contain the highest […]

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Tax deadline 2022: When is the last day to file taxes?

April 12, 2022

The deadline to file your tax return is inching closer. For taxpayers expecting refunds, tax season couldn’t come soon enough. For most taxpayers, the last day to file your taxes is April 18. Typically the deadline falls on April 15, but it was pushed back because of the Emancipation Day holiday in Washington, D.C. Taxpayers […]

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Ukraine, the Fed, and Your Money: Here’s How They’re Affecting Each Other and You

March 13, 2022

The war in Ukraine will likely raise prices of energy, food, and other goods for US consumers and businesses. Both Russia and Ukraine are major producers of not only oil and gas, but also of wheat, corn, and other commodities used in a wide variety of products. Now, violence and resulting economic sanctions against Russia […]

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Missing stimulus checks and how to get faster refunds

February 14, 2022

Did you get all of your 2021 Economic Impact payments? If not, you should have received Letter 6475, which the Internal Revenue Service began issuing in late January, that offers details about your 2021 Economic Impact Payment. The IRS letter can help tax filers determine whether they are owed more money and if they are […]

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Getting prepared for the 2022 tax season

January 16, 2022

The 2022 tax season will officially begin on Monday, January 24. The IRS is encouraging everyone to have all the information they need to file a complete and accurate return this year. Accurate tax returns can help avoid processing delays, refund delays and IRS notices, they say. Those who received advance Child Tax Credit payments […]

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Business Planning for 2022? 6 Things You Should Be Doing Now

December 15, 2021

We have managed to plow through another year of pandemic confusion, mandates, and changes in how we manage our businesses. The good news, it seems the worst is behind us and we can look forward to continuing our business journey. We’re almost at the New Year and we thought it might be helpful to talk […]

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How do you know when you need a business accountant?

November 13, 2021

Half the effort of hiring a business accountant is knowing when you need one. Unfortunately, there’s no distinct point in time when every small business owner needs to hire an accountant . . . But there are a few warning signs that you need one. If you find yourself in these scenarios, it might be […]

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What to do if you missed the tax deadline

October 19, 2021

The October 15, 2021 Federal Income tax deadline to file your 2020 personal tax return has come and gone. Did you miss it? Depending on your situation that could be cause for an “oops” or it could mean you need to take action ASAP to avoid owing any more to the IRS. If you missed […]

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Are you safe, or are you being scammed?

July 4, 2021

With the arrival of summer and more people getting out and about nationwide, especially during the months of July and August, people are planning vacations, looking for jobs, and starting home improvement projects. Unfortunately, scammers are gearing up to take advantage of these summertime, post-quarantine activities with a wide array of schemes aimed at turning […]

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Summer travel is back! Is it be enough to boost flagging U.S. airlines?

June 1, 2021

Cooped-up U.S. residents may be eager to take to the skies again, but a growing demand for air travel ahead of the summer may not be enough to get U.S. airlines past last year’s doldrums. While demand for leisure trips might be on the upswing with summer here, U.S. air carriers have seen their expenses […]

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The Covid Recovery Economy: What Will Cost You More; and What Will Cost You Less

May 9, 2021

By most accounts, the U.S economy is set to boom this summer: pent-up pandemic savings are burning a hole in consumers’ pockets, vaccines are rolling out and trillions of dollars in federal stimulus spending are working their way through the economy—not to mention the warmer weather ahead. But the picture isn’t all rosy: some are […]

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How to make more retirement income beyond Social Security

May 2, 2021

Social Security is a guaranteed income source that can help you pay for expenses in retirement. The percentage of your income that this benefit will replace depends on how much you made while you were working. But for the average wage earner, it will replace about 40% of their pre-retirement income. The type of life […]

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Pandemic-weary crowds are returning to Las Vegas casinos

May 1, 2021

“How could I turn that down?” the 39-year-old electrician asked, holding a tall vodka drink, basking in 90-degree temperatures, and soaking in the sights of street entertainers and tourists on Friday in a downtown casino pedestrian mall. “I’m having a blast,” said his friend, cosmetologist Jade Topor. “Pretty much what I expected.” Las Vegas has […]

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How credit monitoring can help you boost your credit score

April 21, 2021

A good credit score is crucial to building a healthy financial foundation for your life. Not only does it make it easier to qualify for credit when you need it, but it also gives you a better chance of scoring lower interest rates and even insurance premiums. In many cases, it can also give you […]

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Are you spending or saving your third stimulus check? The answer could determine the strength of our economic recovery

April 14, 2021

Americans received three rounds of government stimulus checks, enhanced unemployment benefits and other pandemic-related federal aid, though they’ve been largely confined to their homes and have few places to spend it. The big question: How much of the cash will they unleash when the economy almost fully reopens by summer as most people are vaccinated? […]

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IRS says some Americans may need to file an amended return

April 7, 2021

The Internal Revenue Service will automatically issue tax refunds next month to Americans who already filed their returns but are eligible to take advantage of a new break on unemployment benefits. But some taxpayers may still have to file an amended return in order to receive their maximum refund, the agency said. That’s because certain […]

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IRS delays IRA and HSA account contribution deadlines

March 31, 2021

Americans have until May 17th to contribute to their individual retirement accounts and health savings accounts — the same day that federal income taxes are due, the Internal Revenue Service said on March 29th. The policy change gives individuals an extra month to make contributions to their individual retirement accounts for 2020, including IRA and […]

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Breaking News: Biden signs law extending PPP for small businesses until May 31

March 31, 2021

Small businesses have until May 31 to apply for a forgivable loan President Biden on Tuesday signed into law a two-month extension of the Paycheck Protection Program one day before the coronavirus relief fund was poised to expire, giving small businesses until May 31 to apply for a forgivable loan. Senators voted 92 to 7 […]

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Important reminders before filing 2020 tax returns

March 24, 2021

Following an unpredictable year with many changes and challenges, the Internal Revenue Service shared several important reminders for taxpayers who are about to file their 2020 federal tax returns. Choose direct deposit The safest, most accurate and fastest way to get a refund is to electronically file and choose direct deposit. Direct deposit means any […]

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Some more important things you should know for your tax filing

March 17, 2021

While it will still take a few more months into 2021 to get back to something near normal (or at least pre- 2020 normal), one thing that hasn’t changed is tax season. Although the tax deadline was pushed to July last year because of the coronavirus pandemic, this year, the deadline returns to April 15, […]

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What are the seven common tax mistakes that investors make?

March 10, 2021

Know investment tax basics. There are certain things you can’t afford to get wrong as an investor. Making sure you have the right asset allocation and that your risk tolerance aligns with your risk capacity is important. But there’s something else to keep in focus: taxes. Managing tax-efficiency in your portfolio matters if one of […]

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36 Small Business Deductions: Everything You Need to Know

March 3, 2021

Is your small business taking advantage of every tax deduction it qualifies for? Here are 36 deductions that may help your business save money on taxes. Also referred to as tax write-offs, business deductions are allowable expenses that you can use to lower your business’s taxable income. Many of the most common tax-deductible business expenses, […]

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5 reasons to use QuickBooks for your small business

February 24, 2021

If you are a small business owner, you will find yourself having to take on various tasks outside the scope of your managerial role. Some of these administrative tasks will involve accounting, payroll, and preparing income tax documents for your accountant. If you’re not already doing so, it might be time to consider using QuickBooks. […]

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10 Things You Need to Know About Your 2020 Tax Return

February 17, 2021

Filing taxes won’t be the same this year. Blame the pandemic. Getting ready to tackle your federal income taxes for 2020? Due in large part to the coronavirus pandemic, your return could be different — and perhaps a bit trickier — this year than in years past. Here are 10 things taxpayers should understand before […]

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How to Protect Yourself from Identity Theft During Tax Season

February 10, 2021

Identity theft is always a concern but during tax season, identity thieves seem to work harder than ever. They take advantage of the personal information in your mailbox and even trick countless people into giving them sensitive information by posing as IRS agents on the phone or via email. Tax-related identity theft is a serious […]

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What you need to know for the 2021 Tax Season

February 3, 2021

If you’re like us, you probably never want to think about 2020 again. But there is one lingering ghost from last year that you need to get rid of before you can truly move on for good—and that’s your 2020 taxes. Thanks to the coronavirus (among other things), a lot has changed for the 2021 […]

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Special Report: Five benefits of filing your 2020 taxes early

January 27, 2021

Whether it’s scrambling to finish that college term paper the night before it’s due or running around the mall looking for Aunt Carol’s present on Christmas Eve, we’ve all been guilty of procrastinating important tasks at some point. But there’s one thing we love putting off until the last minute more than anything else: Paying […]

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Planning at the forefront for business leaders in 2021

January 20, 2021

As hard as it is to believe we’re entering the second half of January and many businss leaders are starting to assess and adjust their budgets and strategies for what could be an unpredictable 2021. While the future for many leaders seems uncertain, last year has undoubtedly taught us that planning to fail is never […]

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Six important tax tips to save you thousands of dollars in 2021

January 13, 2021

It might seem entirely too early to start thinking about your 2021 taxes. After all, it’s still early January and the tax deadline for 2020 taxes is approximately four months away. However, it’s a good idea to think of tax planning as a year-round process, not just something you do at the end of the […]

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Essential tax tips for 2021

January 6, 2021

The coronavirus pandemic has upended many aspects of life for people throughout the U.S. – and tax season may also be an unusual one for some filers. 2020 tax returns are due by Thursday, April 15, 2021. Many workers may be faced, however, with different circumstances this year if they opted to work remotely in […]

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Why Branding Will Matter in 2021

December 30, 2020

Your brand is much more than a cool logo, it’s how other people perceive your business. Your brand is the cohesive combination of design, language, storytelling and experience. Together they combine to evoke a feeling – “the vibe” – with your target audience, to influence them to engage with your brand and ultimately buy from […]

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Happy Holidays From Louis Mamo & Company

December 25, 2020

Happy Holidays From Louis Mamo & Company.

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Special Report: Thinking of starting a new business venture in 2021? Here’s what Angel Investors want to know before investing in your startup

December 23, 2020

Angel investors invest in early-stage startup companies in exchange for a stake in the company. Angel investors hope to replicate the high-profile successful investments made in companies like Airbnb, Facebook, Instagram, WhatsApp, Uber, and more. Angel investors typically make small bets ($25,000 to $100,000) with the hopes of getting “home run” returns. Angel investors understand […]

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How to keep employees motivated during the holidays

December 16, 2020

The holiday season is upon us. And this holiday season is unlike any other we’ve ever experienced. While this time of year usually has plenty of reasons to celebrate, it also adds stress to already busy work and personal lives. Add the the additional stress of the Coronavirus pandemic on top of that and you […]

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Special Report: 4 Steps to Reinvent Your Business Model During Covid-19

December 9, 2020

Were you one of the 43% of businesses who had to close at some point during the COVID-19 crisis? Did you stay open but your business is feeling the most serious recession in world history? Even advanced countries are expected to see at least a 7% economy downfall through 2020. The pandemic is seriously impacting […]

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Business Survival: 13 Accounting and Reporting Issues to Focus on During the COVID-19 Disruption

December 2, 2020

The COVID-19 pandemic has disrupted nearly every aspect of operations for many businesses. As the pandemic continues, businesses face challenges regarding their relevant reporting requirements or other accounting issues. Below, we provide an overview of 13 common accounting and reporting concerns impacting businesses during COVID-19 and actions your company could take to confront these issues. […]

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How Small Business owners can survive during 2020’s Holiday Season

November 25, 2020

The holidays are right around the corner. This year has been quite the rollercoaster so it’s hard to say how this holiday season will unfold as states begin reopening and consumers adjust their purchasing behaviors. eCommerce/retail giants like Amazon, Target, and Walmart are likely to pave the way for others in the industry. These retailers […]

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2020: Year-end tax-planning moves

November 18, 2020

Tax planning may well be a year-round job, but the fourth and final quarter of the year is where the rubber meets the road. Many of the most common strategies used for lowering one’s annual tax bite take weeks or months to execute and must be implemented by Dec. 31. (Contributions to a traditional IRA […]

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Year-End Financial Checklist: 4 Money Moves You Should Prioritize Now

November 11, 2020

The end of the year is a busy time for most people. Unfortunately, it is usually also the last opportunity to make financial moves that will count towards the current year. If you’ve been slow to tackle your financial to-do list this year, consider completing your checklist before the end of the year. No matter […]

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Want to be a great leader? Be a great storyteller

November 4, 2020

Simply put storytelling can make or break your leadership. For example . . . “It’s a new goal-setting framework.” That was one executive’s attempt at an inspirational rallying cry for their rollout of Objectives and Key Results, or OKRs. As you might expect, it wasn’t met with much enthusiasm: “Why do we need a new […]

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Coronavirus Encourages Brand Innovation

October 28, 2020

As miserable and devastating as coronavirus is, there is exceptional creativity happening around us. When we finally arrive at the other side of a national vaccine, we will see a changed brand-business world of remarkable new ideas. What is amazing is that some of this innovation is already underway.

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How to Use Crowdfunding to Secure Financial Resources During the COVID-19 Pandemic

October 16, 2020

Crowdfunding is a challenging endeavor even in the best of times. Recent data indicates that from January 2014 to the present day, only 22.9 percent of crowdfunding projects met their funding goals. Combine this with the harsh economic and social realities of the COVID-19 pandemic, and it becomes clear how strong the headwinds are for […]

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How will you prepare your business for 2021?

October 14, 2020

In 2020 consumers were forever changed, and businesses have had to adapt faster than ever to stay afloat. When cash flow is tight, pulling back on marketing might be the first thing you want to do. But history shows that in the face of adversity, it’s more important than ever for businesses to actively promote […]

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Innovation: The New Drone Revolution

October 7, 2020

All of a sudden, the benefits of keeping people on the ground and sending unmanned aircraft aloft has become obvious to a lot more companies. How COVID-19 helped the struggling drone industry take flight.

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Is Bankruptcy the Answer for Your Struggling Business? Comparing Chapters 7, 11 and 13

September 30, 2020

Since the beginning of the pandemic, nearly 100,000 businesses have permanently closed. As such, more and more businesses and individuals are turning to bankruptcy as a way of dealing with the pressure put upon them by creditors.

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Rethinking Retirement: 3 reasons to claim Social Security benefits early

September 23, 2020

The decision to file for Social Security isn’t an easy one, since the age you claim benefits at will dictate how much monthly income you receive for the rest of your life. While you’ll often hear that signing up for Social Security early is a big mistake, many experts are now shifting their opinion and […]

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Hamburgers, automobiles and your business

September 16, 2020

If ever there were an experienced teacher or wise magi in the realm of fast food, one would think it would be McDonald’s. They have dominated the space for decades and have a brand value twenty times larger than Burger King. That said, recent news from under the golden arches (versus the golden crown) has […]

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Time to ask: Are you WIRED for success?

September 9, 2020

Anybody can be a business owner and the same goes for being a boss. But, it takes a special type of person to be a leader. Sure you’re persistent and you’re passionate, but do you have the critical third trait that is needed to be successful in business?

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Why does Walmart want to buy TikTok? And why is it important that we know this?

September 2, 2020

If you haven’t already heard Walmart has joined Microsoft in its bid to buy TikTok’s U.S. operations. Why would a 58-year-old American company known for big box stores be interested in an app that features dance videos, lip syncing performances and comedy routines? The answer is in how teens shop in China and how they’re […]

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Top 3 Trends to Consider Incorporating For Your 2021 Social Media Marketing Strategy

August 26, 2020

Social media is an ever-changing landscape that can be hard to keep up with, especially when preparing your social media marketing strategy for your business. New social media trends crop up every few months or so, and you can be sure your customers are keeping up. If you need help staying up to date or […]

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The second Stimulus check: How quickly might the IRS send you more money?

August 19, 2020

A second stimulus check is being worked on and it could arrive faster than it did in the first round, but a final bill has to pass first. With a schedule that is still unknown, we did some research and we broke down some likely scenarios and potential distribution dates, given what we know.

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Is it too late to pandemic-proof your business?

August 12, 2020

There are lessons to be learned from this current marketing environment. Not even the best prepared businesses could have planned for the economic fallout that is taking place during this pandemic. How should business owners and marketers respond? Is it too late to make effective changes to your marketing plan? There are steps you can […]

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How to ‘Wow’ your customers with excellent service (without a face-to-face meeting)

August 5, 2020

Even before COVID-19 forced many businesses to shut their doors or limit in-person activities, we already lived in an increasingly digital world. A huge chunk of modern freelancers and solopreneurs do practically all of their business online.

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CARES Act allows a $100K retirement plan withdrawal

July 29, 2020

Despite the option of being able to take penalty-free withdrawals from their retire accounts of up to $100,000, most savers are leaving their plans alone and opting for getting cash a different way.

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Second stimulus check update

July 22, 2020

What is the new stimulus timeline? What’s the status for Americans who’ve filed their taxes? Who is eligible and who is not? when’s the soonest the IRS could send a second stimulus check? How much will it be? We try to answer all your questions.

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Industry Impact: COVID-19 drives sales of processed foods, online ordering and at-home cooking ingredients

July 15, 2020

Six months into our new decade and we’ve lost any hope for a “Roarin’ Twenties” boom time. Months of stay-at-home orders across the country because of COVID-19 have changed the economic and cultural landscapes for years to come.

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7 ways to avoid financial disaster if you don’t have an emergency fund

July 8, 2020

As the spread of the coronavirus continues, cities and states are beginning to weigh the benefits of reopening the American economy. With millions of Americans filing for unemployment benefits and record unemployment numbers, unseen since the Great Depression, many are simply trying to survive the current economic standstill.

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19 Ways to Find Fast Cash

July 1, 2020

For many who are still feeling the financial impact of the Covid-19 pandemic, additional stimulus checks can’t come soon enough. But what if you need cash now and there are no additional checks? Or, what if you are working, but payday is days or even weeks away? What do you do?

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6 Topics to Avoid Discussing at Work

June 24, 2020

As more and more Americans return to the workplace from being quarantined at home, we are reminded that as much as we’d like to be social with each other, there are some things we should avoid discussing at work because bringing up these topics could make your coworkers and customers uncomfortable or influence their opinions […]

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Recession-Proofing Your Money: Avoiding fallout with high-yield accounts

June 17, 2020

Market uncertainty has everyone wondering how to protect their assets. Investing in a high-yield account helps your money grow faster than a traditional bank account. Choose from trusted FDIC-backed companies to recession-proof your money. With a higher APY and convenient online services, there’s no better time to act: Open your high-yield account now.

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How making late payments due to Covid-19 might be lowering your credit score

June 10, 2020

The federal government has directed lenders to give consumers a break on some of their monthly bills amid the coronavirus crisis — without reporting them as delinquent or past due. However, individuals should be more vigilant than usual about monitoring their credit reports and scores.

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Protecting your business during these times of civil unrest, riots and looting

June 3, 2020

Business owners across the country have been hit hard in recent months. The COVID-19 pandemic closed many businesses or completely changed the way they have had to do business. Just as businesses were beginning to reopen, riots and looting have left many businesses dealing with smashed windows, stolen merchandise. Some have even had their buildings […]

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Seven Money-Saving Moves as We Come Out of Covid-19 Quarantine

May 27, 2020

If your Memorial Day travel plans involve staying home, you can make the most of the long holiday weekend by cleaning up your finances. The federal holiday is a great opportunity to tackle some basic financial housekeeping duties as you prepare to come out of the Covid-19 quarantine and head into the second half of […]

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Does Covid-19 ruin your plan to delay Social Security?

May 20, 2020

The classic advice regarding Social Security was to take benefits at age 70. The new advice, amid the pandemic, is a bit surprising. Within a week, the Covid-19 death toll in the U.S. will top 100,000. Maybe it wasn’t such a great idea to delay Social Security?

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SBA releases coronavirus PPP loan forgiveness application

May 13, 2020

Complete forgiveness may not be as simple as some business owners think. The Small Business Administration and Treasury Department on Friday released the application for business owners to fill out in order to have their Paycheck Protection Program loans forgiven.

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How to manage a team remotely during this crisis

May 6, 2020

If you’re a small business owner or a manager who was thrown into a situation where you and your team now work from home thanks to the coronavirus, for the past several weeks your life has been a lot harder… and a little weirder.

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How to Relaunch a Business: 5 Tips for Opening after COVID-19

April 29, 2020

Whether or not the stay-at-home order has been lifted from your city and state, now is the time to start thinking about relaunching your business. The businesses that hop on their new re-opening strategy now will have a leg up once customers are ready to get back to normal.

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What You Need to Know About Coronavirus Hardship Assistance

April 22, 2020

Banks, credit card issuers, utility companies, and other service providers have stepped up in a big way to help customers who are unable to pay their bills due to the coronavirus pandemic. Many will allow you to defer payments for a set number of months without late fees or damage to your credit score, so […]

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12 Smartphone apps that will make your home quarantine bearable

April 15, 2020

You sure are spending a lot more time on that phone of yours nowadays, aren’t you? But perhaps you’ve tired of Sudoku, your eyes glaze over during Netflix binges and you haven’t touched Candy Crush since you started seeing the game in your dreams.

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How to Get Refunds for Coronavirus Cancellations

April 8, 2020

With stay-at-home orders in place, many Americans fear they could potentially lose money they’ve already spent on trips, events and other things that are now canceled or postponed. But the coronavirus pandemic shouldn’t derail your finances.

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LMC Newsletter for April 5

April 5, 2020

In this week’s LMC Newsletter: What your business needs to know about the government’s new forgivable loan program, plus comparing the two main loan programs, step-by-step instructions on how to make your own face mask, marketing strategies to keep you in business during the pandemic and more.

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What your business needs to know about the government’s new forgivable loan program

March 29, 2020

Small business owners were told that on Friday, April 3rd, they would be able to apply for a new, forgivable loan to help keep their businesses afloat during the coronavirus crisis.

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Coronavirus small business relief: Comparing the two main loan programs

March 29, 2020

How the Paycheck Protection Program is different from an economic injury disaster loan.

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LMC Newsletter for March 29

March 29, 2020

In this week’s LMC Newsletter: Stimulus Checks: How Much You Should Be Getting, plus COVID-19 updates from the State of Florida and from the State of Nevada.

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Stimulus Checks: How Much You Should Be Getting

March 22, 2020

Now that Congress has approved the $2.2 trillion stimulus package, you may be wondering what your cut will be. We’ve tried to simplify it for you.

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LMC Newsletter for March 22

March 22, 2020

In this week’s LMC Newsletter: Coronavirus Updates: New Tax Deadline, Keeping customers during COVID-19 and more.

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5 Ways to Retain Your Customers During the Coronavirus Pandemic

March 15, 2020

Even if you need to close due to health and safety concerns, there are ways to keep serving your customers during the coronavirus outbreak. From promoting gift cards and discounts to holding online events, there are several ways small businesses can hold on to and engage with their customers during this difficult time.

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Coronavirus Update: Tax Day now July 15 — Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed

March 8, 2020

The Treasury Department and Internal Revenue Service announced on Saturday March 21, 2020 that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

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Coronavirus: 8 Things Your Business Needs to Do

March 1, 2020

From remote work to business interruption insurance, there are several things that small business owners need to consider in both the short and long terms surrounding COVID-19.

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How the Coronavirus could spark a recession in America

February 23, 2020

For Corporate America, the Coronavirus could pose a double-whammy. Not only are many companies experiencing costly disruptions to carefully calibrated supply chains, but they are bracing for weaker demand. Are you ready?

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How your company benefits from understanding diverse personalities

February 16, 2020

Whether you’re entering the workforce for the first time, looking to change careers, or in a leadership position, one of the most important factors to consider is the culture of your workplace. In fact, according to research from Deloitte, “94% of executives and 88% of employees believe a distinct workplace culture is important to business […]

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Losing $450,000 in Three Days: Hackers Trick Victims Into Big Wire Transfers

February 9, 2020

Fraudsters steal billions of dollars each year by combining sophisticated email hacking with old-fashioned wire transfers. In 2018, Frank Krasovec took on a $1 million personal line of credit from PlainsCapital Bank. A few months later, he went on a business trip. When he returned, $450,000 was missing.

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Overcoming 5 common business challenges

February 2, 2020

Even if you’re a successful entrepreneur with several companies under your belt, no amount of experience completely removes the challenges of running a business. Whether you’re embarking on your first venture or you’re a seasoned leader, you’ll likely deal with these five common obstacles. Here’s how to navigate them.

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Boostrapping v. Customer-Funding: How to launch a successful startup

January 26, 2020

Starting a successful startup venture requires a lot of time and risk-taking. It requires paying less attention to current predictable wealth building channels like a business or well-paying job hoping that the startup idea will take off to substitute or complement existing channels while allowing you to make a stronger impact in the world. Most […]

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Why SEO is crucial to your company’s future

January 19, 2020

You’ve probably heard a hundred times that Search Engine Optimization (SEO) is a vital digital marketing tool, but even if you have a basic understanding of what it entails, you may still not have a solid grasp on this complex and multifaceted creature.

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Growing your business through diversification

January 12, 2020

Successful leaders know that if they want their business to grow and prosper long term, they cannot afford to stick with the same old business practices. They must find ways to reach new customers and increase their profits. One strategy for accomplishing this is diversification. Think Amazon. By offering multiple services, businesses can fill seasonal […]

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Tax season 2020 is here: Are you ready? Here’s what you can expect

January 5, 2020

This year’s tax season is kicking off amid much less fanfare than last – which began after a record-long government shutdown – but taxpayers may still encounter some of the same issues if they have not been proactive over the past year.

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The 5 biggest technology challenges your business will face in 2020

December 29, 2019

Technology sits at the intersection of management and operations. Businesses of all types and forms deploy software solutions for online positioning, marketing automation, customer relationship management, resource planning, application tracking, project management (to name a few).

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The 5 biggest marketing challenges your business will face in 2020

December 22, 2019

Growing a business is complicated. According to the Small Business and Entrepreneurship Council, 89% of all businesses employ fewer than 20 employees. And scaling a company further is contingent on solving a number of challenges — most of those being common across all organizations out there.

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Accountability: Critical For Achieving Successful Results

December 15, 2019

There’s no doubt about it, accountability eliminates the time and effort you spend on distracting activities and other unproductive behavior. When you make people accountable for their actions, you’re effectively teaching them to value their work. When done right, accountability can increase your team members’ skills and confidence.

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Reminder: Minimum wage in many states to increase on Jan. 1st

December 8, 2019

Changes are coming to minimum wages in 2020.

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How to recruit and keep the right people for your company

December 1, 2019

It’s hard to find the right employees exactly when you need them. So here are nine suggestions on recruiting, hiring and keeping the right people for your company.

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Looking for money to fund your big idea?

November 24, 2019

Here are five sure fire tips on how to get deep-pocketed angel investors to open up their wallets and fund your project.

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10 Online Shopping Scams to Avoid This Holiday Season

November 17, 2019

It’s prime time for criminals who will be looking to get a piece of the approximately $730 billion consumers are expected to spend this year in winter holiday retail sales, according to forecasts from the National Retail Federation.

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FBI Cybersecurity Advice for Smart TV Buyers

November 10, 2019

Savvy shoppers know that Black Friday and Cyber Monday present some of the best deals of the year on pricy electronics like TVs. Overall, the National Retail Federation expects Americans will spend about $730 billion this holiday season.

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10 ways to encourage innovation at your company

November 3, 2019

As the saying goes, necessity is the mother of invention. Yet, that doesn’t seem to tell the whole story.

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4 Hot Marketing Techs for Small Businesses

October 27, 2019

As the year draws to a close it’s time to start thinking about what investments you want to be making in 2020.

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What will be the biggest challenges and threats for businesses in 2020?

October 20, 2019

Another year has flown by, and no matter what industry you work in, there have bound to have been highs and lows along the way. The year 2020 marks the start of a new decade, and this could mean great opportunities for your business, but you need to be prepared for the challenges and threats […]

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How much does Daylight Saving Time cost the economy? And how much does it cost you?

October 13, 2019

Daylight saving time ended at 2 a.m. today (Sunday, Nov. 3). Across most of the U.S., people turned their clocks back an hour and will spent an extra hour in the dark each evening.

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Five Technology trends that are important for your business

October 6, 2019

In 2019 technology drives business and drives business solutions. At LMC we like to keep our clients informed of the latest Tech News. Here are five things in technology that happened recently and how they affect your business.

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6 Types of Content Marketing Used to Improve Customer Experience and Build Your Business

September 29, 2019

Content marketing has solidified its place amongst the core tools in a marketer’s arsenal. In Bill Gates’s predictive essay on the subject back in 1996, he wrote, “Content is where I expect much of the real money will be made on the Internet, just as it was in broadcasting.” This has been largely proven true.

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The Era of Trustless Lending

September 22, 2019

The financial market has been going through significant changes in the last couple of years due to blockchain becoming more involved in the industry. So many financial firms have turned to cryptocurrency for the sake of providing a better service to their customers.

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Consider a Business Model Canvas instead of a Business Plan

September 15, 2019

Is the thought of writing a business plan holding you back from starting a business? If you’re eager to get your business idea off the ground—without the drudgery of creating a massive document first—a business model canvas for startups might be right for you.

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Four Trend-Spotting Insights to Help You Start a Company

September 8, 2019

There’s nothing like being in the right place at the right time. Smart companies spend big money on research and development to ensure that their offerings are up to date and to make sure they don’t miss out on lucrative new opportunities. Traditionally, this practice has been the sole stomping ground of qualitative and quantitative […]

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Recession Fears: 5 of the world’s biggest economies are at risk of recession

September 1, 2019

Five big economies are at risk of recession. It won’t take much to push them over the edge. The British economy shrunk in the second quarter, and growth flat lined in Italy. Data published Wednesday show Germany’s economy, the world’s fourth largest, contracted in the three months to June.

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Instagram is changing the way people buy things. Can it help your business?

August 25, 2019

Instagram is great for sharing photos, interacting with celebrities and discovering trendy looks — everything even Amazon has struggled to perfect. Fashion houses, retailers and big brands see an opportunity.

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7 Things Mentally Strong Leaders Know

August 18, 2019

Mentally strong leaders think big, act courageous, and feel confident. Whether they’re faced with criticism and crisis, or praise and good fortune, they lead with fierce determination.

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How to Build Your Brand’s Authority on Instagram

August 11, 2019

With the right strategy, Instagram can be one of the most powerful tools in your marketing arsenal. And as the impact of Instagram and other visual mediums continue to grow, the most important step toward establishing your brand’s authority is to formulate a strategy. Having a good strategy in place helps everyone and this five-step […]

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What retirement crisis? Number of 401(k) and IRA millionaires hits record high

August 4, 2019

There are more millionaires next door. Despite that fact that most people are undersaved for retirement, a new study out from Fidelity Investments shows that the retirement savings picture isn’t quite as grim as we might think. In fact, the number of 401(k) and IRA millionaires again hit a record high in the second quarter […]

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Living paycheck-to-paycheck: Why small-dollar lenders are critical for survival

July 28, 2019

For the 80 percent of Americans who continue to live paycheck-to-paycheck, small-dollar lending can be critical as they all too often are the difference between having a place to sleep and living on the streets.

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Personalization in retail: Predictions and trends

July 21, 2019

Is this the future of retail? Stores are becoming more aware of advancements in technology; with an increase in consumer demand for easier ways to shop through digital platforms or in-store, retailers have to keep up with the growth in personalization in retail.

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Running a Business: 7 Great Collaboration Tools for Your Business

July 14, 2019

There’s a reason why Silicon Valley firms fret so much about talent: the best business ideas in the world have no chance of being successful without the right team behind them to execute.

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Are you a great leader?

July 7, 2019

In the world of business cooler heads prevail as only strong-willed business owners or managers outlast everyone else to become great leaders. Are you one of them?

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The Real Cost of Leasing Office Space

June 30, 2019

Office leasing costs can take up a significant portion of your business budget, and there are a number of factors that go into determining whether you can afford your next space. Simply put, the real cost of your lease is more than just your base rent.

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Using AI to catch shoplifters. Is it wrong?

June 23, 2019

New artificial intelligence software is being used in Japan to monitor the body language of shoppers and look for signs that they are planning to shoplift. The software, which is made by a Tokyo startup called Vaak, differs from similar products that work by matching faces to criminal records. Instead, VaakEye uses behavior to predict […]

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Virtual reality is helping scientists discover new wonder drugs

June 16, 2019

The same technology that’s revolutionizing video games is being used to develop new wonder drugs to fight some of the world’s most deadliest diseases.

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Three things to know before starting a small business

June 9, 2019

Two-thirds of all Americans dream of opening a small business, and it’s easy to see why. They romanticize all the good parts — being your own boss, coming and going as you please, and not answering to anyone.

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Will blockchain make you a more ethical shopper?

June 2, 2019

Do you ever think about where your food comes from? Or whether your coffee was harvested by someone who was paid a fair wage? These are questions that blockchain can help answer.

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How Much Do You Need for an Interest-Only Retirement?

May 26, 2019

For an interest-only retirement, you’ll need to have a large nest egg. How big a nest egg depends on your target income and the interest rate. For example, an annual income of $48,000 would require a nest egg of $1.6 million, assuming a 3% interest rate. And that’s not even accounting for inflation. To make […]

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White Paper: Are we ready for a cashless society?

May 19, 2019

Making Change: Payments, Perspectives, and Politics. As more and more consumers use credit cards and mobile payment technology — and more businesses accept them — there’s increasing chatter about America’s future as a cashless society.

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How long should you wait to fire an employee who doesn’t seem up to the job?

May 12, 2019

You spent weeks searching for the right candidate for an open job at your company, and after numerous resume reviews, interviews, and negotiations, you finalized a job offer and got that new hire on board. But what if you realize early on that the candidate you thought was perfect for the role at hand isn’t […]

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Why every week should be Small Business Week

May 5, 2019

In early May we celebrated small business week. But perhaps it’s time to consider making every week small business week.

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Are you a great boss?

April 28, 2019

Great bosses are rare. But it’s really not that hard to be one. Employees appreciate a leader who’s respectful, supportive, honest and compassionate, according to a recent informal survey of business readers. And most of all, they don’t like a micromanager.

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Three ways to downsize and save money

April 21, 2019

Downsizing. What exactly does it mean? Less house, fewer bills, less stuff? Yes, yes and yes. Many think of downsizing as moving to a smaller house after the kids have grown and gone. And it is. But let’s not stop there. Downsizing makes sense in other ways, too.

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The danger of misunderstanding how credit works: Money myths that can derail your finances

April 14, 2019

Is buying a home always better than renting? Should you close credit cards after paying them off? If your answers to both questions are yes, you believe some of the most common money myths. April Lewis-Parks, director of education and corporate communications at Consolidated Credit, says not understanding how credit works can be very dangerous.

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Is there a new retirement mindset?

April 7, 2019

The retirement landscape is ever-changing. Those who have been working with baby-boomer pre-retirees and retirees are recognizing a shift in retirement philosophies according to a recent Fox Business report.

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Your 401(k) just got more valuable

March 31, 2019

If your tax refund this year was disappointing, you may be able to do something about it: Contribute more to a retirement fund.

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You can learn a lot from this 4th grader: “I want to make $3 million”

March 24, 2019

Ariana Jalia has published two children’s books and runs a successful online jewelry business. She is hoping to make $3 million before turning nine years old.

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Casper’s new strategy: Move beyond mattresses

March 17, 2019

If you read our newsletters regularly, then you know we frequently discuss how some companies have gone out of business because they don’t change with the times and as a result their competition gets one up on them. These companies frequently find themselves at the back of the pack not knowing how they lost so […]

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Can your company learn how to make money from Apple?

March 10, 2019

Breaking down Apple’s new focus — from Apple Music to accounting tricks: How Apple makes billions of dollars selling their services.

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11 Essential Online and Mobile Banking Safety Tips

March 3, 2019

It wasn’t that long ago that an account deposit or withdrawal required a visit to your bank to complete the transaction. Banking was inconvenient and time consuming. Today, we have lots of options when it comes to financial transactions. Mobile banking is an increasingly popular way to monitor and manage your money.

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6 Tips for a Smoother Tax Season

February 24, 2019

While you started 2019 with the best of intentions to keep your financial records organized, now that tax season is upon us, you may find yourself scrambling to find receipts and other documentation to prepare your tax returns. All too often, it is accounts receivable that presents the greatest challenge.

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Are we ready for the 5G Revolution?

February 17, 2019

It seems like just yesterday 4G was the big buzz word in technology. But that was 8 years ago already and now we are about to embark on 5G technology that truly is a revolution. But, are we ready for it?

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Does America have a savings crisis?

February 10, 2019

Americans save so little money that there is an annual week-long campaign to encourage people to put aside cash for financial emergencies.

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15 Companies That Completely Reinvented Themselves and Made Big Money

February 3, 2019

You hear it all the time, “change can be a good thing.” And although we as people are creatures of habit and typically do not like change, sometimes recognizing what it takes to adjust to the business environment around you, can be the difference between surviving and thriving.

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10 Things Every Small Business Needs To Do

January 27, 2019

Most of the challenges in starting or running a business relate back to doing the little things right. Like any good coach has said at some point: The fundamentals get you to the top. If you are a business owner or thinking of starting a small business, make sure you follow these ten important rules for […]

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How brands can win Super Bowl LIII as it kicks off on a higher note for the NFL

January 20, 2019

Last year, NBC’s telecast of Super Bowl LII was watched by 103.4 million TV viewers, a 7% decline from the previous year and the fewest for the event since 2009, capping a tough, controversy-plagued year for the National Football League that saw regular season ratings dip 10%.

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Innovation once again takes center stage at 2019 Consumer Electronics Show (CES)

January 13, 2019

Each year the very brightest and best converge in Las Vegas for the annual Consumer Electronics Show (CES) and once again this year representatives of Louis Mamo & Company were in attendance looking for cutting and leading edge business and consumer solutions for its many clients and customers.

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Reminder of 2018 Itemized Deduction Changes and Qualified Business Income Deduction (20% Deduction for Certain Pass-Through Income)

January 6, 2019

As the 2019 filing season is just about here this is a good time for a reminder concerning the changes to the 2018 itemized deductions.

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Are you afraid to be successful? Here are 5 Steps to overcome the Fear of Success

December 30, 2018

Success. What a beautiful yet complex term. Most of the people want it, but only a few get it. That’s why success is so craved: not everyone can attain it. Success comes with tremendous benefits and opportunities.

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Four important tips for keeping your business more flexible and adaptable

December 23, 2018

To stay competitive, businesses today must change and conform to the latest standards on a nearly real-time basis. This calls for increased focus on developing and establishing the traits of flexibility and adaptability into all levels of the workforce hierarchy. To be a true business leader, the responsibility of embracing and cultivating these two traits […]

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Why you should run your business like a football team

December 16, 2018

This weekend not only kicked off the opening round of playoffs for the National Football League, but on Monday, Jan. 13, the undefeated Clemson Tigers and LSU Tigers will play in the NCAA College Football National Championship game.

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How to stay productive at work during the week between Christmas and New Years

December 9, 2018

It’s the most wonderful time of the year! It’s the holiday season and that means lots of holiday parties and events at work or at home, which can make it very easy to get distracted and not get as much done as you want to during the work week between Christmas and New Years. The […]

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The Importance and Benefits of Having a Business Plan for 2019

December 2, 2018

Whether you’re starting a small business or exploring ways to expand an existing one for the New Year, a business plan is an important tool to help guide your decisions. Think of it as a roadmap to success, providing greater clarity on all aspects of your business, from marketing and finance to operations and product/service […]

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Why Teamwork is Important

November 25, 2018

It’s widely accepted that teamwork is a Good Thing. You’ll hear few sensible people saying, “Teamwork? Pah! What a waste of time!” But what is it about teamwork that makes promoting it a key priority for HR, and for organizations generally?

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A tax-efficient way to grow your investments and give to charity

November 18, 2018

Have you heard about donor advised funds? According to Anna Bahney, a CNN Business writer and wealth coach, they are a good way to structure charitable giving while getting tax benefits.

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Planning Ahead: The Best Small Business Opportunities for 2019

November 11, 2018

With Black Friday behind us and Christmas Day being only 30 days away, the New Year is right around the corner. Whther you’re looking to expand or start anew, here are 5small businesses opportunities for 2019, chosen from across a variety of industries.

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U.S. Expands Coverage of Real Estate Anti-Money Laundering Program

November 4, 2018

New requirements lower the cash threshold and add more metropolitan areas The U.S. Treasury Department said this week it has expanded an anti-money-laundering data program that requires title insurance companies to reveal the owners of shell companies buying luxury real estate.

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A New Lawsuit Could Set Boundaries on Employers Accessing Your Devices

October 28, 2018

Are employers invading workers’ privacy? On day one of any new job, employees engage in a sort of Faustian bargain: In exchange for a shiny new computer, they sign away their digital rights. The thinking goes that as long as an employee is on a work device, the employer has the right to monitor what […]

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Know Your Money: IRS raises retirement plan contribution limits for IRAs, 401(k)s and more

October 21, 2018

You’ll have the opportunity to save more for retirement next year. The Internal Revenue Service announced this week that it will increase the contribution limits for a range or retirement accounts in tax year 2019. For the first time since 2013, IRA contribution limits are being increased. The IRS also announced an increase in the […]

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How to get the best prices on holiday plane tickets?

October 14, 2018

While travel advice abounds for the best times to buy the most affordable holiday plane tickets, it’s hard to escape reality: Flying during some of the year’s busiest travel periods whether for business or pleasure generally isn’t going to be cheap.

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Pay zero interest until 2020; Compare these 10 credit cards to see which one is best for you

October 7, 2018

With the holidays right around the corner, many individuals and companies alike are looking for ways to stretch their dollars or buying power. One tried and true tested way is by using credit cards. But, sometimes if you’re not careful, you can easily get choked by credit card debt if cash flow is low.

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The three bad habits Mark Cuban, Bill Gates and Elon Musk quit before they became successful

September 30, 2018

Habits and routines are powerful. They help us every day, freeing up brain space and releasing us from making countless decisions. But not every habit is good, and not breaking a bad one can hold you back from success.

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Meet the world’s first smart, reusable notebook

September 23, 2018

Smart technology is becoming a part of everyday life. We have smartphones that remind us what and when we have to get things done. We have wearable technology that track everything from our steps to our heart rate. And smart devices for the home, from thermostats and light switches to refrigerators and vacuum cleaners, are […]

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Offshore Banking Isn’t Illegal – Trying to Hide It Is

September 16, 2018

A few months ago when all the attention was focused on the Panama Papers, it may have made you more curious about offshore banking.  Perhaps you’ve even been thinking of going the “sophisticated investor” route and stashing some of your money offshore, but have hesitated because you don’t want to wind up in trouble with […]

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Instagram’s Co-Founders Step Down From Company; How it Rose into a Cultural Powerhouse

September 9, 2018

On September 24th Instagram’s co-founders, Mike Krieger (left) and Kevin Systrom (right), resigned from the photo app. Having presided over the company that boomed with help from technological advances and societal changes, their exits add to the challenges facing Facebook, which owns the app.

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Is Amazon about to change the way retail stores operate?

September 2, 2018

If you haven’t heard this yet, hold on to your cash, because over the next few years retail stores just might go through a metamorphosis thanks to Amazon.

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How the Internet is fighting back against fake business reviews

August 26, 2018

In April 2017 a London lifestyle and food writer, Oobah Butler, set out to see if he could reach TripAdvisor’s No. 1 ranking with a restaurant that doesn’t exist as he thought there was something fishy with TripAdvisor when “restaurant owners would pay me £10 and I’d write a positive review of their place, despite […]

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10 Behaviors You Never See in Successful People

August 19, 2018

When you spend decades working with executives and business leaders, you really can’t help but observe what works and doesn’t work over the long haul. One thing we’ve noticed, it’s not intrinsic characteristics or personal habits that determine whether you’re successful or not. It’s your behavior.

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The High Cost of Drug Addiction in the Workplace

August 12, 2018

Drug addiction exacts a high toll on addicted individuals and their loved ones, but they are not the only ones who suffer from untreated substance abuse issues. Drug addiction also affects employers in several important ways.

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One company wants to reinvent customer service by taking one giant step backwards

August 5, 2018

How many times have you been frustrated by calling a customer service number to speak with a person only to end up in a continuous loop of prompts that ask you to press this button or that button? One company is trying to reinvent how businesses approach customer care by going old school — connecting […]

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Attracting new riders: How the motorcycle industry is surviving

July 29, 2018

Motorcycling in America is getting a makeover. Industry stalwarts and upstart competitors are trying to attract new riders who want something different from Harley-Davidson’s big burbling cruisers or screaming Japanese and European performance bikes.

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What’s in your refrigerator? Why grocery stores will beat meal kit companies at their own game

July 22, 2018

Meal prep kits were supposed to make the supermarket obsolete. The opposite has proven true. Now the companies that make the kits may need to partner with a grocery chain to survive.

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What Are the Benefits of Virtual Meetings?

July 15, 2018

Running short on time? Need to have that meeting but just can’t squeeze in that extra hour? Meetings can take a large bite out of your work day, especially if they take place offsite. Scheduling others to cover your work, making travel arrangements and planning for a space to accommodate attendees take time away from other […]

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Top 6 Social Media Sites for Business

July 8, 2018

So you’ve decided to make the leap and invest in social media sites for business – good choice! Social media is one of the cheapest forms of marketing available, and the ROI it’s providing to the business world is growing more and more every day.

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10 Reasons Why Your Business Needs a Website

July 1, 2018

Unless you’re a small business owner who is not interested in growing your brand, you need to have a Website. These days building a business website or ecommerce store is easier than ever: it doesn’t cost much money, you don’t have to know how to code or design, your online store is not restricted to […]

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The Business of Electric Vehicles; They have benefits, but likely won’t save you money

June 24, 2018

Electric vehicles have a lot of perks: zero emissions, a quiet ride and instant acceleration. But can they save you money? Probably not.

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Will the Gig Economy impact you?

June 17, 2018

The “gig economy” isn’t just a buzzword. It’s an accurate description of the state of the modern market – an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements – the Bureau of Labor Statistics has admitted difficulty in counting the exact number of independent contractors and contingent […]

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A Toy Story: As Toys “R” Us closes, two brands rise from the ashes and one major toy store thrives

June 10, 2018

When Toys “R” Us announced plans to close all 735 of its U.S. stores back in March, it wasn’t exactly a surprise as sales and marketplace shares were lost to online companies like Amazon. This past Friday the harsh reality hit home as Geoffrey the Giraffe said his final goodbyes and like Lionel Playworld / […]

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Six Social Media trends that will dominate Summer 2018 marketing

June 3, 2018

Each new season brings new challenges and new trends in social media marketing. These six trends are an excellent source of ideas for your social media marketing calendar, but don’t overlook the value of staying up to date on current hashtags and trending topics online. The key to a successful social marketing season is looking […]

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Funding your business: Small Business financing trends for the remainder of 2018

May 27, 2018

Every startup has one major need in common: money! Financing a startup takes a great deal of overhead, often before any revenue streams have come to fruition. That means while your fledgling company is spending money left and right to get up and running, it’s likely not bringing anything in.

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The ‘IHOb’ rebrand: A brilliant viral marketing campaign

May 20, 2018

You probably heard about it. You might have even talked about it. If IHOP had simply announced it was debuting a new line of hamburgers, would you even have noticed? The brilliance of the “IHOb” “rebrand” isn’t just that it got the internet buzzing about IHOP. Not all publicity is good publicity — people have […]

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Germany’s Bayer closes $63 billion Monsanto takeover, plans to drop US company’s name

May 13, 2018

German conglomerate Bayer on Thursday closed its $63 billion merger with Monsanto after getting the required nod from U.S. and EU regulators. With Bayer successfully completing the acquisition of Monsanto, shares in the U.S. company will no longer be traded on the New York Stock Exchange. Monsanto shareholders are being paid $128 U.S. per share.

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The closing of Lord & Taylor’s flagship store marks the end of an era

May 6, 2018

Looking for another sign of how tough it is in the world of retail? After a 104-year era, the Lord & Taylor store on New York’s Fifth Avenue is going to shut down next year and become a WeWork space.

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Online Lenders Empower Small Businesses To Create Jobs and Economic Growth Says New Report

April 29, 2018

Small businesses make up 99.9 percent of all businesses in America. Brock Blake, the founder and CEO of Lendio, the nation’s number one marketplace for small business loan, quotes this statistic often, and for good reason. There’s nothing small about the impact these types of businesses have on our economy. Yet they routinely report difficulty […]

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Small businesses could learn a lot from the Cinderella success story of the Las Vegas Golden Knights

April 22, 2018

While the final chapter to the Las Vegas Golden Knight’s Cinderella story has yet to be written, and we’re really not sure if the glass skate will fit, the season is already a major success. The once 500 to 1 long shot National Hockey League expansion team is just four wins away from history as […]

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Small Firms Rethink Client Events After Losing Tax Break

April 15, 2018

Tighter limits on deductions for entertainment and meals are prompting many business owners to cut back.

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Four things never to say to mompreneurs on Mother’s Day… or any other day

April 8, 2018

The internet is littered with ways to spoil moms on Mother’s Day. Between chocolate, flowers and homemade spaghetti necklaces, there’s no shortage of ideas. One thing that often gets overlooked, however, is how we speak to moms. Specifically, moms who run their own businesses, freelance, or work from home. The prevailing misconception is that these […]

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Continuous Development Will Change Organizations as Much as Agile and Lean Did

April 1, 2018

In 2001, a new approach to technology development was created by a daring group of developers. Called Agile, the process put customers at the center of product development, encouraged rapid prototyping, and dramatically increased corporate speed and agility.

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Seven amazing technologies that are changing the way we work

March 25, 2018

Technology is poised to change the workplace, from robot co-workers and Artificial Intelligence (AI) bosses to a fun twist on working remotely. One such innovation is virtual reality. Although it’s often associated with gaming, it can also be a powerful workplace training tool. Construction workers can put on a VR headset to understand hazards before […]

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Five Ways Procrastination Costs You Money and How to Combat It

March 18, 2018

If we all started thinking about it, we would discover a horrifyingly long list of ways we have thrown away money by putting off essential tasks. But at least we are not alone. If you polled friends and co-workers, there’s a good chance you’d hear a number of similar experiences all caused by procrastination.

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Five Things That Could Impact Your Business

March 11, 2018

Each week at Louis Mamo and Company we try to identify stories that might be important to you and your business. We look at and examine trends in marketing, technology and general business so that you may benefit by potentially adapting your business to insure its longevity and success.

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Want to do Business Overseas? Know What They’re Talking About

March 4, 2018

Almost half of the world’s population claims one of only 10 languages as their mother tongue. So what are the top 10 languages of the world? You might be surprised.

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As Facebook Scandals Grow, Should Small Businesses Rethink Using the Site?

February 25, 2018

This week the issue of privacy in social media dominated the news. And as Mark Zuckerburg gets ready to head to Washington, the impact of Facebook’s woes on small businesses was addressed. The eroding of trust in the social network among Americans may have small businesses rethink how to use Facebook to reach customers.

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Self-Driving car that killed pedestrian reminds us that technology is not flawless

February 18, 2018

Arizona officials saw opportunity when Uber and other companies began testing driverless cars a few years ago. Promising to keep oversight light, they invited the companies to test their robotic vehicles on the state’s roads. Then last Sunday night, March 18, an autonomous car operated by Uber — and with an emergency backup driver behind […]

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Advertisers may be leaving TV for good

February 11, 2018

Television-advertising sales in the U.S. fell 7.8 percent to $61.8 billion last year, the steepest drop outside of a recession in at least 20 years, while sales at cable networks slumped for the first time in almost a decade. And there’s no sign of a pickup in 2018, excluding cyclical events like the Olympics and […]

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New Business Trend: Using Pawn Shops to Finance Business Ideas

February 4, 2018

People looking to fund new ventures are turning to their Rolexes and art collections as collateral for quick and easy loans from high-end pawn shops. The handful of lending companies tapping into the trend let their affluent clients take quick thousand-dollar or million-dollar loans with high-end collectibles as collateral. That’s far greater than the average loan […]

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Do you have what it takes to be a Rainmaker? 10 Principles and Keys to Successful Motivation

January 28, 2018

Tony Robbins once said, “If you want to be successful, find someone who has achieved the results you want and copy what they do and you’ll achieve the same results.” While many people dismiss self-help gurus like Robbins, thinking they are charlatans or modern day medicine men who perpertrate an elaborate con, the more successful ones, […]

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Innovation takes center stage at Consumer Electronics Show (CES)

January 28, 2018

Each year the very brightest and best converge in Las Vegas for the annual Consumer Electronics Show (CES) and once again this year representatives of Louis Mamo & Company were in attendance looking for cutting and leading edge business and consumer solutions for its clients and customers.

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10 Essential Email plug-ins that will increase your productivity

January 21, 2018

Do you or your company use Gmail? We are seeing more and more companies and individuals moving to Gmail as their preferred email platform. And there’s a good reason for that. It’s free. Not only is Gmail easy to use, but whether you realize it or not, it keeps evolving and has developed into more than […]

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What your business can learn from the Winter Olympics

January 14, 2018

Even if you aren’t very interested in sports, there’s no escaping the TV coverage that has been given to the 2018 Olympic Winter Games from Pyeongchang, South Korea. You also probably know that the U.S. is winning it’s fair share of medals and there have been celebrations to mark these achievements.

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The Five Most Important Best Practices Small Business Should Follow This Year

January 7, 2018

We are only a few weeks into the New Year and with every new year, there is always an opportunity to take stock, reevaluate, and course-correct our businesses when necessary. This is especially true for entrepreneurs like yourself, who can take advantage of this time in order to establish smarter business practices and keep your […]

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Five Important Reasons Why Teamwork Matters to Your Business

December 31, 2017

When it comes to athletic competitions there is often an emphasis placed on teamwork for without it, championships are not won. And while teamwork is important in athletics, the same principles apply to business for without workplace teamwork, businesses do not succeed, they fail. Being a master of one or a jack-of-all-trades in today’s world does […]

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Does Your Business Need to be Bilingual to Survive?

December 24, 2017

Although our client base consists of businesses and individuals throughout the U.S. and around the world, most of our clientele and recipients of our weekly newsletter reside in South Florida and Las Vegas. We all know the influence of the Spanish language in Miami-Dade and Broward County (Fort Lauderdale) in Florida, and with 29% of […]

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Six Important Reasons Why a Strong Brand is Necessary for Your Small Business

December 17, 2017

Beyond just a memorable logo, good branding increases the value of a company, provides employees with direction and motivation, and makes acquiring new customers easier. So what exactly is a brand? The short answer: Everything!

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Is another iconic brand ready to go the way of the dinosaur?

December 10, 2017

Whether you own or run a small business, you can learn a lot to protect your company by paying attention to what happens to the bigger companies. At one time Sears was the largest retailer in the world with a well-known, reliable brand that seemed almost indestructible. But will the company that started out as a […]

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Everything you need to know to understand Bitcoin

December 3, 2017

What is Bitcoin? Is it like a stock? Where does it come from? Why has it gone up in value? How and where can you buy them? How and where can you sell them? Is it really legal? Is there a difference between Bitcoin and Bitcoin Cash?

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Is business going to pot?

November 26, 2017

In mid-November members of Louis Mamo and Company attended MJBizCon, the 2017 Marijuana Business Convention presented by Marijuana Business Daily magazine, representing one of our clients that are licensed marijuana growers.

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Did one of the most important business stories of the year go unnoticed?

November 26, 2017

What’s in a name? For Walmart, it will soon be a little less. Earlier this month the world’s largest retailer announced it was changing its legal name from “Wal-Mart Stores” to “Walmart” to reflect its increasing emphasis on e-commerce.

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Steel framed modular construction offers an inexpensive option for housing, retail and more

November 19, 2017

If you haven’t seen them, you’ve probably heard about them – homes and businesses being built from cargo or shipping containers.

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Nine Business Tips for Having a Successful Holiday Season

November 12, 2017

The holiday season is upon us, but as a business owner, you already know that. For many businesses, this is the most profitable time of the year. For some it’s exciting and for others, well, it’s a little nerve-wracking. So, here are nine (9) ideas for you to prepare and grow your small business during […]

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Do you track the money you spend on marketing and advertising?

November 5, 2017

It’s a simple question that requires a simple answer. If the answer is “No,” then you really should be tracking your dollars and the results they produce. But if the answer is “Yes,” do you know if your advertising is being effective? Is your return on investment getting you positive results?

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Are you and your company protected from data breaches, phishing, or malware? Understanding the risks of stolen credentials

October 29, 2017

Did you know that Americans are almost four times more worried about getting their computers and smart phones hacked than being murdered? There’s a good reason for that. There are nearly 2 billion stolen passwords and usernames available on the black market, and up to 25% of them will still work on a Google account according […]

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Aligning your business resources for success

October 22, 2017

Most business owners today know their companies should be aligned. They know their strategies, organizational capabilities, resources and management systems should all be arranged to support the company’s purpose. The challenge is that business owners tend to focus on one of these areas to the exclusion of the others, but what really matters for performance […]

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Here Are Nine 9 Tips For Growing a Successful Business

October 15, 2017

To succeed in business today, you need to be flexible and have good planning and organizational skills. Many people start a business thinking that they’ll turn on their computers or open their doors and start making money, only to find that making money in a business is much more difficult than they thought. You can […]

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Want to do business in Cuba? The five things you should know first

October 8, 2017

If you’re considering doing business in Cuba, there are many key differences in the regulations governing business there than anywhere else. In the hopes of saving new, as well as experienced entrepreneurs from some of the unexpected pitfalls that can arise from doing business there, here is a list of five of the most important […]

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When Business and Superstition Mix

October 1, 2017

Do you suffer from triskaidekaphobia? That is, do you fear the number 13? If you do, you might not be conducting business today and so you may not read this article until the weekend or Monday morning.

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Leading edge solutions can be found in a variety of industries

September 24, 2017

When Louis Mamo & Company decided to open an office in Las Vegas, some of our South Florida clients asked “Why?” In addition to better servicing our West Coast clients, Las Vegas offers us a unique opportunity that no other city could provide. It enables us to stay on top of various industry trends that […]

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Three Steps for Disaster Planning, Recovery ​and Maintaining Business Continuity

September 17, 2017

When hurricanes hit an area, depending on the path they take, damage and impact can range from minor to catastrophic. As we’ve all witnessed recovery efforts that were done in such diverse places as South Florida, Houston, New Orleans and Puerto Rico, for many of our Florida clients, they were very lucky that in 2017 […]

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Do you know the Benefits of Electronic Filing?

September 10, 2017

On the surface, nearly every tax specialist will tell you the same three basic benefits of electronic filing: One, you’ll get a faster refund; two, you’ll get a proof of receipt by the tax agency; and three, it’s less cumbersome and more convenient than paper filing.

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Doing Business in the People’s Republic of China – Building Relationships as well as Business

September 3, 2017

The challenges associated with building relationships and trust with local business partners, clients and customers, and with government officials can be a challenging aspect of doing business in China. While establishing a business presence in China has become more straightforward in recent years the problems associated with identifying key contacts in partner, client and government […]

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Why micromanaging isn’t always a bad thing

August 27, 2017

“If you want something done right, do it yourself.” – Charles-Guillaume Étienne (1778-1845), French playwright. I can see you there, your eyes piercing the headline and the quote and shaking your head in disagreement. But bear with me for a moment. In an entrepreneurial world where inclusion, delegation, communication and trust are the cornerstones of having a […]

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Facebook Likes: You get what you pay for

August 20, 2017

“In this world, you get what you pay for.” – Kurt Vonnegut (1922-2007), writer, “Cat’s Cradle” Have you ever gone to a Facebook page of a small business and noticed that they have tens of thousands or hundreds of thousands of likes or fans and you ask yourself, “How do they do it?” So, you do a […]

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Preparing your business for the Zombie Apocalypse

August 13, 2017

“My Zombie apocalypse plan is simple but effective; I fully intend to die in the very first wave. Seems more logical than undergoing all kinds of hardships only to die eventually anyway (through bites / malnutrition / or terminally chapped lips).” – Graham Parke, writer and humorist.

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Do you know when it’s time to close a business?

August 6, 2017

December 2016 – “You’ve got to know when to hold ‘em, know when to fold ‘em, know when to walk away, and know when to run…” – Kenny Rogers, “The Gambler”

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Does your business suffer from workplace friction?

July 30, 2017

“You say he’s childish, but he’s very professional about business transactions.” – Martin Bashir, British journalist. It’s bad enough when people are exposed to each other’s shortcomings and bad habits eight to ten hours a day. But what happens when you start to see those same faults and foibles during off hours? The level of disrespect […]

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How to prevent the Internet from killing your business

July 23, 2017

“You can’t unring a bell.” – David Foster Wallace, American novelist (1962-2008).

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Never cook bacon in the nude

July 16, 2017

There is a good reason why we don’t cook bacon in the nude. Whether you are a politician, a student, a member of the military, or a business owner, success and failure can hang in the balance based on one simple premise – the details.

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Is there a Magic Formula to succeed at business?

July 9, 2017

“I’ve been asked many times to lay out my magic formula for building a successful small or medium-sized business. I usually respond by saying there’s no magic, only hard work and experience.” – Robert Reid, CEO of Intacct, a cloud-based financial-management software provider.

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Is President Trump good for my business?

July 2, 2017

“I like thinking BIG. If you’re going to be thinking anything, you might as well think BIG.” – Donald J. Trump, American businessman and President of the United States. We once asked the question: Would President Trump be good for my business? Whether the answer was a resounding YES or reverberating NO, there was another, more important question […]

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Are your business practices obsolete?

June 25, 2017

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” – Richard Buckminster ‘Bucky’ Fuller, American architect, systems theorist, published author of more than 30 books, designer and inventor.

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Are your employees really your company’s greatest asset?

June 18, 2017

“Our employees are our most valuable resource.” – Author Unknown We’ve heard this before; a hundred fold. Businessmen have said it so many times over the years that most people who work for these entrepreneurs are sick of hearing it, because too many times the actions of the companies do not match the words of the […]

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How much money are you actually wasting?

June 11, 2017

“Stopping advertising to save money is like stopping your watch to save time.” – Henry Ford, 1863-1947, American industrialist and founder of the Ford Motor Company. Henry Ford had it right. But he also knew how much to spend so it wasn’t wasteful.

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Are you wasting valuable advertising dollars?

June 4, 2017

“Half the money I spend on advertising is wasted; the trouble is, I don’t know which half.” – John Wanamaker, 1838-1922, merchant, religious and civic leader, political figure and marketing pioneer.

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Why running a business is like fighting a war

October 15, 2015

Kevin O’Leary, businessman and star of ABC-TV’s “Shark Tank” has been quoted as saying: “Business is war. I go out there, I want to kill the competitors. I want to make their lives miserable. I want to steal their market share. I want them to fear me and I want everyone on my team thinking […]

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Louis Mamo & Company to represent Zanart Design, producers of upcoming exhibit

September 9, 2015

Louis Mamo & Company, a business solutions firm serving clients for more than 30 years and based in Pompano Beach, Florida with offices in Las Vegas, Nevada, announced today it has entered into an agreement to represent Zanart Design LLC, a licensing and marketing firm whose principals have a long history with some of the […]

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When Business Perception is Business Reality

August 15, 2015

September 2015 – In the ever changing dog eat dog world of business, small, upstart business owners are constantly put to the test in fighting for the almighty dollar. Why? Because more and more consumers are gun shy in dealing with a small company for fear that they may not be around in six months.

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Using Social Media to grow your business

July 16, 2015

Does social media confuse you? Perhaps even scare you? In today’s world where companies are jockeying for market share and exposure, social media marketing has become perhaps the single most important tool for companies, especially small ones, to not just survive, but to thrive.

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