Location: Dresher, PA
Industry: Professional services
Linda Guendelsberger, CPA, MST
“The business models and mentalities of larger accounting firms have become revenue-driven and highly focused on the bottom line,” says Linda Guendelsberger, managing partner at LG Legacy Group, LLC. “Too often, these firms lose sight of the people element.” Guendelsberger’s goal is to fill the resulting service gap for owners of smaller businesses.
Fun Fact: In response to the earthquake in Nepal, all members of LG Legacy Group held a collective yard sale, donating personal items and cash.
Taking the step to start her own practice was a big and difficult decision for Guendelsberger. “Staying the course until retirement would have been much easier,” she says. “Luckily, I was blessed with a supportive family who not only enabled me to pursue my venture, but actively participated, as my husband currently operates the IT and HR functions of the firm.”
LG Legacy Group prides itself on its expertise in the area of tangible property regulations (TPRs) and depreciation. “These TPRs took over a decade to develop, were rolled out over a series of years and introduced hundreds of pages of new tax law,” says Guendelsberger. “Our firm faced these rule changes head-on.”