LSL

Advocating for family businesses doesn't stop at the office—it reaches all the way to Capitol Hill. Consulting & Advisory Partner, Lacy Willis, CPA, JD, CFE, CVA, recently represented LSL at the Congressional Family Business Caucus in Washington, D.C., as part of our sponsorship of Family Enterprise USA.

The event connected family business leaders, members of Congress, and policy experts to discuss how family-owned businesses can access the capital needed to fuel growth, create jobs, and successfully transition to future generations.

One of the highlights of the trip was spending time with Tim Schultz, Paige Kavooras, and Tim Hemstreet—three passionate champions of family businesses. Plus, a big congratulations to Tim Schultz on his appointment as CEO of Family Enterprise USA and FEUSA Action! We can't wait to see how his leadership helps move FEUSA's mission forward and strengthen the voice of family businesses nationwide.

We're incredibly excited to support Family Enterprise USA and the important work they're doing to elevate the voices of family business owners in Washington. Family businesses face unique opportunities and challenges, and they deserve advocates who understand their impact on communities, employees, and the economy.

Busy jobsites and growing revenue don't always translate to healthy cash flow. In construction, timing is everything—and small delays in billing, collections, or project management can quickly create cash pressure. LSL Partner Chad Smith, CPA, shares his Cash Flow Checklist for Contractors that provides a practical framework to help identify risks early, improve liquidity, and support sustainable growth.

Cash Flow Checklist for Contractors: Stay Ahead of Cash Gaps Having a clear process to monitor and manage cash flow during your construction projects is critical...

What's an OCADA Golf Tournament without a stop at the LSL Tiki Bar? For another year, Hole #14 was transformed into everyone's favorite island getaway. LSL's Erika Aaron, CPA, and Rachel Stevens kept the Mai Tais flowing and the tropical vibes going strong, while LSL Partners Adam Odom, CPA, and Jocelyn Potter, CPA, took on the course alongside fellow OCADA members.

We're proud to support the OCADA community each year and grateful for everyone who stopped by our little slice of paradise.

What do Vikings, trolls, dirt bags, mermaids, inflatable bananas, and a whole lot of accountants have in common? Day #3 of the LSL Firm Retreat!

Our Firm Retreat Crew Wars competition brought out everyone's creativity as teams transformed their assigned colors into full-blown identities. From Vikings in Black and Blue Trolls to the Brown "Dirt Bags," mermaid wigs, inflatable yellow costumes, and plenty of other unforgettable characters, the competition was fierce from the very beginning.

Teams battled it out through trivia, Minute-to-Win-It games, team challenges, and plenty of friendly trash talk—all while supporting a great cause. The winning crew earned the opportunity to direct our charitable contribution to an organization of their choice.

The costumes were ridiculous. The competition was intense. The laughter was nonstop. And the teamwork reminded us exactly why one of our core values is Accomplish More Together.

There’s nothing quite like bringing the entire LSL team together.

Our annual Firm Retreat kicked off in beautiful, sunny San Diego with a welcome reception overlooking the San Diego Bay. Team members traveled from across the country—including California, Utah, Arizona, Texas, Alabama, New York, New Jersey, Florida, and Georgia (and more!)—to reconnect, meet new colleagues, and celebrate another year of growth.

From great conversations and stunning views to a fun-filled casino night, it was the perfect way to begin a retreat centered around one of our core values: Accomplish More Together!

GASB 103 is here—and while the changes may seem straightforward at first glance, applying them to real financial statements can raise important questions. Join LSL Senior Manager Riley Greenlee, CPA, for a comprehensive deep dive into the updated Financial Reporting Model, including practical examples, reporting scenarios, implementation challenges, and audit considerations.

Whether you're preparing for year-end, evaluating presentation changes, or navigating unusual or infrequent items, this session will help you better understand what’s changing and how to prepare. Can't attend live? Register anyway and we'll send you the recording: https://lslcpas.com/webinars-government/

Celebrating and supporting the incredible women leaders and future leaders shaping our community. LSL Tax Partner Cheryl Orcutt, CPA, attended the ACG OC Women in Leadership White Party at the beautiful Hotel VEA Newport Beach for an evening focused on connection, leadership, and empowering the next generation of women in business.

From meaningful conversations to networking with so many inspiring professionals, it was a wonderful way to kick off the summer. Jansma — it was great catching up and talking with you throughout the evening!

A 1031 exchange can be a powerful strategy for real estate investors — but it’s not always the only path forward. In this new blog, LSL Partner Justin Jensen, MBA, CPA, breaks down several alternatives investors may want to consider depending on their timing, liquidity needs, and long-term goals, including cost segregation, installment sales, Opportunity Zones, and partial exchange strategies. The key? Starting the conversation before the sale closes so there’s time to evaluate the right fit for your overall financial picture.

When a Section 1031 Like-kind Exchange Isn’t the Right Fit A Section 1031 like-kind exchange continues to be a valuable strategy in many real estate transactio...

Another memorable day at the 59th Annual Golf Classic hosted by Santa Fe Springs Chamber of Commerce. LSL’s Bryan Gruber, CPA, Brandon Young, CPA, Adam Odom, CPA, and Scott Roundtree, CPA, had a great time out on the course playing alongside friends, clients, and referral sources while supporting the local business community through this long-standing annual event.

This tournament is always a fun one—from the creative hole games and prize opportunities to all the vendors bringing energy and entertainment throughout the course. It was a great mix of networking, laughs, friendly competition, and enjoying a beautiful day at one of Southern California’s classic golf clubs. Huge thank you to the for putting on another fantastic event year after year.

Financials can be accurate, timely, and still leave leadership asking, “What do we do next?” In her latest blog, LSL Partner Lacy Willis, CPA, JD, CFE, CVA, explores the missing link many growing businesses face: turning financial data into actionable insight. Because strong decision-making requires more than reports—it requires understanding the “why” behind the numbers and what they mean for the future. Read how the right financial insight can help leadership make more confident, proactive decisions.

The Missing Link in Your Accounting Team Do you know why your financial data isn't turning into good business decisions? You are missing the ...