Lucas LaChance, CPA, CIA, Assurance Services Senior Manager & Practice Growth Director

Lucas is a Texas Society of CPAs Rising Star Award-winning experienced auditor, director, board member, manager, and publisher with more than 15 years of leadership experience in external audit and internal audit with an emphasis on risk-based (COSO) audit approaches. His responsibilities include the oversight and management of a department of more than 30 professionals (budget monitoring, analysis metrics, recruiting/retention, coaching, mentoring); partnering with clients with assets in excess of $150MM+ to identify, analyze, and mitigate financial and industry risks to their strategic plan; planning and execution of multiple, large-scale, simultaneous projects; and development and implementation of numerous accounting and finance presentations to external clients, committees, and boards as well as to local, state, and national audiences about accounting industry developments.

Recent Posts

NFPs See Biggest Accounting Changes in More Than Two Decades

The Financial Accounting Standards Board, also known as FASB, has released Accounting Standards Update (“ASU”) 2016-14 with huge changes for Not-for-Profit Entities (“NFPs”). You’re probably wondering why there even was an update. Great question.

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Topics: Accounting Tips, Not-for-Profit, Audit

“Super metrics” can win the day

Everyone, it might seem, wants to know how effectively your not-for-profit is fulfilling its mission and running its operation. Performance, or outcome, measurement — essentially a way to determine the impact of a program or activity — can supply interested onlookers with the proof they need to know you’re doing your job. Unlike traditional measures, such as number of clients served or amount of donations received, these “super metrics” allow an organization to assess whether a program is achieving its intended results.

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Topics: Accounting Tips, Not-for-Profit, Audit

Pinpointing Key Issues in Licensing Agreements

As the economy slowly crawls back, many not-for-profits (“NFPs”) are still experiencing stagnant or even declining revenues, prompting them to look to nontraditional types of revenue sources—including licensing agreements.

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Topics: Wealth Management, Not-for-Profit, Healthcare

1968 Fair Housing Act Interpretation by Justices

Among a flurry of opinions issued recently by the Supreme Court as they closed out their judiciary session on June 30th was a split decision on a broad interpretation of the Fair Housing Act of 1968.

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Topics: Real Estate, Accounting Tips

Are Americans Having a Savings Crisis?

Two major studies were released this week that cast a dark shadow across what generally has been a sunny outlook on the strengthening economy. 

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Topics: Real Estate, Accounting Tips, Wealth Management

New Managing Partner at LGT

Lee Ann Collins, CPA, a partner at Lane Gorman Trubitt, PLLC ("LGT") and a well-known leader in the Dallas/Fort Worth accounting industry, has been named the fourth managing partner of LGT in its 65 years of business.

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Topics: Firm News

Tax Deductions on Website Design

We all know the various, obvious forms of construction, but there is one that is often over looked that plays an important role in today’s business. Website construction and design is crucial when determining the authenticity of a company. Today, the majority of people will look up a company before deciding to do business with them. It is important to know who you work with, before working with them. Constructing a website that accurately reflects a business’ experience, mission, clients, employees and level of work it provides can be the making or breaking point in gaining new clients.

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Topics: Accounting Tips, Tax, Construction