Lee Ann Collins, CPA, Managing Partner

Lee Ann joined LGT in 1987 and now has more than 30 years of experience in public accounting. She has served as an audit partner on numerous engagements for the past 18 years including private and publicly held clients. She also assists clients with unaudited financial statements (compilations and reviews) as well as financial analysis, small business consultation, planning, and taxation. She frequently gives presentations involving financial reporting matters and tax developments.

Recent Posts

CARES Act: Economic Impact Payments for Individuals

Posted by Lee Ann Collins, CPA, Managing Partner on Apr 7, 2020

To help individuals stay afloat during this time of economic uncertainty, the government will send up to $1,200 payments to eligible taxpayers and $2,400 for married couples filing joints returns. An additional $500 additional payment will be sent to taxpayers for each qualifying child dependent under age 17 (using the qualification rules under the Child Tax Credit).

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Topics: Accounting Tips, Tax, coronavirus, COVID-19, CARES Act

CARES Act: Business-Only Provisions

Posted by Lee Ann Collins, CPA, Managing Partner on Apr 7, 2020

Employee retention credit for employers

Eligible employers can qualify for a refundable credit against, generally, the employer’s 6.2% portion of the Social Security (OASDI) payroll tax (or against the Railroad Retirement tax) for 50% of certain wages (below) paid to employees during the COVID-19 crisis.

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Topics: Accounting Tips, Tax, coronavirus, COVID-19, CARES Act

LGT's Shelter-in-Place Modification

Posted by Lee Ann Collins, CPA, Managing Partner on Mar 24, 2020

Throughout the coronavirus pandemic, we’ve worked diligently to keep you informed about developments that affect you and your business. Late Sunday evening, Judge Clay Jenkins communicated out a shelter-in-place order for all of Dallas County, except for select essential businesses through at least April 3, 2020.

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Topics: Firm News, Tax, coronavirus, breakingnews

LGT's Coronavirus Safety Measures

Posted by Lee Ann Collins, CPA, Managing Partner on Mar 11, 2020

With the arrival of several presumptively positive cases of the Coronavirus (COVID-19) in North Texas, I wanted to reach out and assure you of the precautions and safety measures LGT has in-place during this time of uncertainty.

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Topics: Firm News, coronavirus, breakingnews

Managing Sleepless Nights: Holiday Hazards

Posted by Lee Ann Collins, CPA, Managing Partner on Oct 28, 2019

My name is Lee Ann Collins, managing partner at Lane Gorman Trubitt, and this job is keeping me up at night.

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Topics: managing sleepless nights, business liability, holiday party

Managing Sleepless Nights: Business viability and your startup

Posted by Lee Ann Collins, CPA, Managing Partner on Oct 2, 2019

My name is Lee Ann Collins, managing partner at Lane Gorman Trubitt, the top-ranked accounting firm in Dallas in 2019 according to Inside Public Accounting and this job is keeping me up at night.

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Topics: Business Viability, Start-up

Managing Sleepless Nights: Making a Budget

Posted by Lee Ann Collins, CPA, Managing Partner on Aug 26, 2019

My name is Lee Ann Collins, managing partner of Lane Gorman Trubitt (LGT), a public accounting firm in Dallas, and this job is keeping me up at night.

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Topics: managing sleepless nights, budget

Creating Cyber-Warriors From Employees

Posted by Lee Ann Collins, CPA, Managing Partner on Jul 30, 2019

My name is Lee Ann Collins, managing partner of Lane Gorman Trubitt (LGT), a public accounting firm in Dallas, and this job is keeping me up at night.

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Topics: cybersecurity, managing sleepless nights, managing partner

Cybersecurity: Are you at risk? Yes!

Posted by Lee Ann Collins, CPA, Managing Partner on Jul 10, 2019

My name is Lee Ann Collins, managing partner of Lane Gorman Trubitt, (LGT), a public accounting firm in Dallas, and this job is keeping me up at night.

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Client Loyalty: More than a free pen

Posted by Lee Ann Collins, CPA, Managing Partner on Jun 13, 2019

My name is Lee Ann Collins, managing partner of Lane Gorman Trubitt, (LGT), a public accounting firm in Dallas, and this job is keeping me up at night.

This month, client loyalty is keeping me up. I woke up from a nightmare in which the firm’s clients were all going to a competitor because they were giving away moose-shaped stress toys. I woke chuckling about my absurd nightmare and assured myself that our clients keep coming back because we keep taking care of them.

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Topics: managing sleepless nights, client loyalty

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