Monthly News & Updates May 2026 | Issue 5-26

May is more than the start of warmer days—it’s a month that aligns perfectly with growth, gratitude, and smart planning. Here’s what May represents and why it matters to our clients and community:

Mother's Day - May 10th

Mother’s Day reminds us of balance—between work, family, and future goals. Many women entrepreneurs and working parents manage both households and businesses with incredible discipline.

Financial Thought:

May is a good moment to talk about family financial planning, savings goals, and business structures that support work-life balance.

Small Business Month

May is nationally recognized as Small Business Month, and this one is especially close to our hearts. Small businesses drive innovation, create jobs, and strengthen local economies.

LNB Accounting Tip:

It’s a great time to review your financial health, clean up your books after tax season, and plan ahead for a strong second half of the year.

Memorial Day - May 25th

As we are approaching Memorial Day, LNB Accounting would like to honor and remember the men and women who made the ultimate sacrifice in service to our country. We are grateful for their courage and the freedoms their service has preserved.

Our Gratitute:

We also extends our heartfelt gratitude to the veterans within our client community. We are thankful for your service and are honored to support you and your families.

TAX COMPLIANCE NEWS

Understanding the American Exit Tax Before Giving Up U.S Citizenship.

Leaving the United State is not as simple as booking a one-way ticket and closing the door behind you. The financial exit is an entirely different story.

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Average vs Wealthy Taxpayers. High Net Worth Tax Strategies That Work For Wealth Protection.

By the time most people think about taxes, the year is already over. High net worth individuals operate differently. There is a fundamental difference between average taxpayers and a wealthy taxpayers. Tax outcomes are determined before the calendar year closes, not after.

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Tax Pro vs Tax Preparer

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Why Monthly Tax Advisory?

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ACCOUNTING NEWS

Commercial Real Estate Accounting: The financial Framework Behind Every Profitable Deal.

Whether you’re managing a small portfolio in the San Francisco Bay Area or scaling nationally, the financial framework supporting your properties determines whether you’re building wealth or just staying busy.

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What Is Assurance In Accounting? A clear, No-Fluff Breakdown for Business Owners.

If you’ve ever handed your financials to a bank, an investor, a board member, or a grantor, you’ve probably felt that moment of pressure. They’re not just reading your numbers. They’re deciding whether they trust them. Let's discover the common types of assurance services, how they compare to audits and reviews, what the process looks like, and how to choose the right level for your situation.

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LATEST ON THE U.S. & WORD MARKET

Tariff policy, the Strait of Hormuz blockade, and seasonal demand/refinery maintenance are the three drivers most likely to move U.S. oil and gasoline prices this summer — each requires a short, actionable disclosure and client advisory. We want to keep you informed from an accounting prospective.

Headline item: “Tariff stacking and Strait of Hormuz disruptions create elevated summer price risk.”

Tariff stacking remains messy: Section 122 was set as a temporary 10% import surcharge from Feb. 24 through July 24, 2026, unless changed or extended by Congress; it generally overlays other duties but does not add on top of Section 232-covered goods. Energy products are excluded from Section 122, so fuel-price risk is mainly crude/shipping driven, while tariffs add broader landed-cost pressure across Section 232 metals/vehicle categories and China Section 301 lines. A May 7 Court of International Trade ruling adds legal uncertainty around Section 122, so importers should monitor appeal and refund guidance."

Source: The White House

Market color: The Strait of Hormuz remains the swing factor.

Global crude markets are carrying a higher supply‑risk premium as disruptions in the Strait of Hormuz and recent naval activity in the Gulf have tightened tanker flows and raised freight and insurance costs. Markets have traded with headline whiplash: price spikes on disruption risk, then sharp reversals on reopening hopes, including Brent falling 7.8% to $101.27 after trading above $115 earlier that week before rebounding above $100 as threats returned. You can expect higher crude and retail gasoline prices this summer, with potential impacts on cost of goods sold, inventory valuation, and working capital.

Source : Central Command

LNB Accounting’s Recommendation

This summer, LNB Accounting advises clients to plan for volatility, protect margins, and preserve cash. Tariffs, fuel costs, and shipping disruptions can move quickly, so businesses should not wait for higher invoices to react.

Review landed costs now. Confirm tariff classifications, supplier pricing, freight charges, and duty exposure before quoting or reordering.

Update pricing and contracts. Add fuel surcharges, tariff pass-through language, escalation clauses, and shorter quote-expiration periods where appropriate.

Stress-test cash flow. Model the next 60–90 days under higher fuel, freight, and inventory costs.

Avoid panic buying. Buying ahead may help in some cases, but only if the savings outweigh storage, financing, and demand risk.

Bottom line: Prepare early, price carefully, and keep cash flexible. LNB Accounting recommends reviewing budgets, bids, and supplier agreements now so cost shocks do not become margin shocks later.

Disclaimer: This advisory is general business and tax-planning commentary. Tariff treatment depends on product classification, origin, entry timing, and current agency guidance; clients should coordinate with their customs broker, trade counsel, and LNB Accounting before making major pricing or purchasing decisions.

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