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Blogs

Owners occasionally borrow funds from their businesses. You may, for example, need an advance to cover your child’s college costs or a down payment on a vacation home. If your…
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In May, the Department of Labor issued new final overtime rules that update the thresholds for classifying workers as nonexempt and highly compensated. The controversial changes…
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FASB issues Final Standard on Not-For-Profit Financial Reporting 08/31/2016  |  By: Chad Milom, CPA, Shareholder, Audit and Advisory
On August 18, the FASB issued awaited revisions to a standard that will revise the financial reporting for not-for-profit organizations. This is the first major revision in NFP…
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Events

PODCAST: Valuing Intangible Assets with LBMC's Andy Lowe 08/04/2016  |  By: Andy Lowe, ASA, MAFF, ABAR, Senior Manager, Litigation Support and Valuation Services
Andy Lowe is the leader of LBMC’s Valuation, Litigation & Business Transition Services Group in Knoxville. As an accredited senior appraiser, he works with a team of experienced…
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Guides

Last December, many valuable tax breaks were made permanent by the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). As a result, tax planning in 2016 is a little…
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INFOGRAPHIC - Employee Gifts and Awards 12/07/2015  |  By: Jonathan Cooke, CPA, Shareholder, Tax Services
The taxability of employee gifts generally depends on the value and the type of award. When giving gifts to employees, explain the tax implications upfront. That way, there won’t…
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This guide covers many of the tax issues higher-income taxpayers will encounter in 2015. However, there isn’t space to cover every possible tax-savings strategy here. Please…
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Articles

Window is still open for business owners on estate/gift taxes 09/14/2016  |  By: Chris Lovin, CPA/ABV/CFF, CFE, Shareholder, Practice Leader Business Valuation/Litigation Support
Business owners considering transferring part of their interests in their companies to the next generation may want to accelerate their plans to get ahead of newly proposed IRS…
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Can your CPA address these issues? 08/30/2016  |  By: Paul Burris, CPA, Shareholder, Tax Services
When I play golf, a range finder is a must, since it allows me to know the exact distance to my target and enables me to select the right club. You normally have14 clubs in your…
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Prevent church fraud with better controls 08/24/2016  |  By: Steve Thomason, CPA, Senior Manager, Audit
In 2014, churches lost an estimated $39 billion due to internal financial fraud. Compare that with the $35 billion that churches spent on worldwide missions in the same period…
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Videos

David Morgan shares about becoming an entrepreneur. For some of the lessons, he has learned read his slide share at…
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Collateral

Follow the appropriate link below to upload tax documents & the e-file authorization form. Brentwood Clients – Upload Tax Documents Knoxville Clients – Upload Tax Documents…
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Click one of the links below to open the appropriate PDF file. 1120S K-1 Instructions - 2015 1065 K-1 Instructions - 2015 1041 K-1 Instructions - 2015
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eAlerts

Proposed Regulations May Eliminate Common Estate & Gift Discounts 08/18/2016  |  By: Chris Lovin, CPA/ABV/CFF, CFE, Shareholder, Practice Leader Business Valuation/Litigation Support
The U.S. Treasury Department has issued proposed regulations that may severely limit and essentially eliminate the use of valuation discounts for transfers of limited liability…
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IRS Extends Transition Relief for Work Opportunity Tax Credit 06/22/2016  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax
Notice 2016-40 extends the WOTC transition relief period for another three months. The Work Opportunity Tax Credit (WOTC) allows businesses to reduce their federal tax burden if…
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VIDEO: Update on Revenue Modernization Act 06/21/2016  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax, Mason Barrick, CPA, Senior Manager, State and Local Tax
The Administration’s tax reform bill for 2015, the Revenue Modernization Act, past the Legislature. There were a number of changes made to the original version of the bill, which…
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Press Releases

LBMC Investment Advisors, a CNBC1 designated top 25 fee-only wealth management firm and member of the LBMC Family of Companies, proudly announces it has crossed the $1,000,000,000…
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LBMC’s wins award for top standards in organizational health based on employee feedback fourth straight year LBMC, one of the Southeast’s largest accounting and business…
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LBMC, one of the Southeast’s largest accounting and business consulting firms, proudly announces Andrew Eckstein, LBMC Transaction Advisory Services Senior Manager, has been named…
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Success Stories

This company is a manufacturer of automotive glass products including windshields, door glass, back windows and sunroofs for original equipment manufacturers and for the…
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