LBMC | Accounting, Tax, Audit, HR, Staffing, Technology | Nashville, Knoxville, Chattanooga, TN

Introducing Team Member Pam Pennington

This month we would like to take the opportunity to introduce you to our Administration/Financial Support Specialist, Pam Pennington. Pam has 25+ years of experience in a variety of areas including accounting, customer service, and reconciliation. read more »

What a Great Day for a Company Picnic!

Due to ever increasing liability, many companies are opting out of sponsoring outings, where a company would plan an employee appreciation picnic, send out invitations and people would sign-up to bring a potluck item. Today, invitations have given way to liability waivers and in place of a rousing speech by the company’s owner at the get together, employees read a scripted greeting from the ‘Management Team’ prior to the event. Here are some ideas that will help make your company outing a day to remember, not a day employees wish they could forget. read more »

Run for Rotary and Pancakes on Saturday -

The third annual Charles W. Black, Jr. Memorial Run for Rotary will be held at Brentwood High School Saturday morning, and there is still time to sign up. The proceeds from the races and the annual Pancake Day breakfast will benefit the Brentwood Rotary Charitable Foundation. Click here to sign up NOW.

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Health Reform Legislation Includes Many Tax Provisions

The Patient Protection and Affordable Care Act was signed into law on March 23, and its companion reconciliation act will be signed into law early next week. Here’s a brief summary of the main tax provisions affecting individuals and businesses.

INDIVIDUAL TAX PROVISIONS

Important tax provisions affecting individuals include: read more »

Your Resume Could Be Missing Out Big Time

Making sure your resume is a powerful marketing document is a wise investment in your career. It can set you apart from your competition, maximize the amount of interviews you land and ultimately play into how much a company offers you.

After all, you are negotiating with potential employers from the moment you connect with them to the time the offer is made. So everything that happens in that window of time plays into your offer...including how well targeted, well designed and compelling your resume is. read more »

Putting Together a Winning Dissipation Argument

Putting Together a Winning Dissipation Argument

As Published in the March 2010 Edition of the American Bar Association Section of FamilyLaw Newsletter – the AICPA Corner

By Robert Vance, CPA/ABV/CFF, CVA, CFP
Lattimore Black Morgan & Cain, PC
Knoxville, TN
rvance@lbmc.com read more »

President Obama Signs HIRE Act

New Law Provides Hiring Incentives, Expensing Extension and More

On March 18, President Obama signed the Hiring Incentives to Restore Employment (HIRE) Act. The President's signature sets the effective date for numerous HIRE Act provisions with an effective date geared to the March 18, 2010, date of enactment. Significant provisions of the new law include: read more »

New COBRA Extension Includes Some Twists

They did it again! Congress just passed yet another extension to the COBRA subsidy … and then some. Here’s what you need to know this time.

They missed the deadline by a couple of days, but Congress still managed to extend how long your company will have to offer COBRA coverage to recently departed employees.

Check out this rundown of what this latest extension means to you: read more »

High Deductible Health Plans with Health Savings Accounts....The Basics

A high deductible health plan, also referred to as a HDHP, H.S.A. or Consumer-Driven Health Plan (CDHP), is a new idea for many employers and employees. Employees, or members, have a high deductible to meet and are responsible for 100% of the cost of their healthcare until that deductible has been met. The member receives healthcare coverage at the carrier’s (CIGNA, Blue Cross Blue Shield, United HealthCare, etc.) discounted rate – whatever amount is outlined in the insurance company’s contract with the provider for services. read more »

The 2010 HIRE Act

On March 18, 2010, President Obama signed the Hiring Incentives to Restore Employment (HIRE) Act. The 2010 HIRE Act provides tax incentives to the employer for hiring and retaining certain unemployed workers. Below is a summary of the eligibility requirements for this incentive:

Payroll Tax Forgiveness – The 6.2% OASDI Social Security tax liability is lifted for “qualified employees” for any 2010 period starting after the enactment of the legislation (3/18/10). read more »