LBMC's News

Over 80% of the businesses in America are family-owned, yet fewer than 40% of them will successfully transition to the next generation of family ownership (and only 12% to the third)! LBMC has served family business since its inception, and we are dedicated to helping families sustain their businesses through the inevitable leadership and ownership changes.

A recent Nashville Business Journal article features insight to the successful transition of family-owned businesses from LBMC's Matt Painter and Allen Hovious.

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LBMC announced that Dennis Blanton has been named Managing Partner of the Firm's Chattanooga office. Blanton, a Certified Public Accountant, has over 25 years experience in public accounting. His diversified experience includes working with a variety of industries including significant experience in accounting and tax matters relating to the manufacturing, distribution and services industries.

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LBMC is hard at work providing the most recent news and information in the format that YOU want to receive it.  You can can find us on Twitter, Facebook, Linkedin, YouTube and follow our RSS feed.  We would also like to invite you to join in on the conversation at our LBMC Biz Buzz Blog.


If there is anything we can do to help you or your business, don't hesitate to contact us at any time.  We are constantly working to be better at serving you. 


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A Best Practices Suggestion

With tighter budgets, often 'no' budget, and reduced headcount, companies find it challenging to complete the necessary daily tasks. Compound that with a special project or two and you get an overworked team. Or, perhaps you have planned for that additional full-time hire, but it has not been approved. The alternative approach, hiring of additional resources on an as needed basis, is commonly referred to as "contract staffing.'"

Find out more by clicking on the "Full Article."

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Did you miss the ARRA HITECH Final Ruling Webinar?  The recording is now available.

The Final Rule defining "meaningful use" for the ARRA HITECH EHR Initiative was announced on July 13th.  This defines the compliance specifications for the ARRA HITECH EHR/EMR initiatives for both hospitals and eligible providers that wish to comply with the first phase deadlines for 2011 and 2012. No more procrastination, time is of the essence. Click here to View it Now.

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On the tails of the new LBMCTech.com launch, we prepare to launch our own customer self-service portal. I've been thinking about how much technology has changed the nature of customer service. It's not the "what" that has changed, as much as the "how."

Click "Full Article" to read and comment on the complete blog entry.

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  Timely Opportunities

Most employers understand they cannot discriminate against employees on the basis of a disability. But many employers don't realize that amendments to the Americans with Disabilities Act (ADA), which became effective last year, provide broader protection for employees. The Equal Employment Opportunity Commission (EEOC) recently filed three new cases against employers -- among the first lawsuits under the amendments. Here are the details of the cases, along with an explanation of how the ADA has been expanded to protect those with conditions such as cancer, diabetes, arthritis and HIV.
Copyright © 2010

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  Sales

The demands of operating a business never leave enough time to strengthen important relationships and reinforce your company's value. Landing prospects and keeping customers requires continual nurturing. Here are some tips to help with this critical function.
Copyright © 2010

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  Marketing

To tell the truth, the whole truth and nothing but the truth and steal customers from your competitors: that is the aim of a good comparative ad. But the truth isn't as simple as it sounds. Here's an advertising guide to explain the legal implications.
Copyright © 2010

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  Disclaimer of Liability

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.