We Are LBMC
We Are Purpose Driven.
We Are Visionaries and Trailblazers.
Comprehensive Business Solutions Delivered with a Higher Standard of Service
LBMC is the largest professional service solutions provider based in Tennessee. With offices in Tennessee, Kentucky, and North Carolina, LBMC serves approximately 11,000 clients with diverse needs across a spectrum of industries; however, we didn’t start that way.
LBMC was founded in 1984 as a traditional accounting firm with a simple mission: to serve a great group of clients and enjoy doing it. Almost 40 years later, loving what we do and who we do it for has taken us a long way. LBMC has been named a top 50 firm in the country.
Today, we’ve become industry leaders in financial, human resources, technology, information security, and wealth advisory services backed by more than 850 team members – not because a business plan told us to be, but because we’re entrepreneurs and our clients asked us to be.
Through all the growth and change, one defining trait has always remained the same: the genuine southern hospitality we bring to every client.
Seek, adventure, wonder: we encourage you to advance your mission into the world.
We will be your bedrock, providing a foundation of world class accounting and advisory services that make all of your biggest plans possible.
What is LBMC?
Whether you need to supplement or outsource a single function, need an ally you can trust for your taxes, or are in the market for a comprehensive business solutions partner, LBMC is what your business needs.
Our approach to business is anything but ordinary.
As visionaries, we see the world as a system and are attracted to the things that will enable us to change, transform, and heal it. We promise to bring a sense of transformation to everything we do, always evolving and moving with new visions and practices.
As trailblazers, we always see an open road and are attracted to experiences that make us and our clients feel independent and free. We promise to ask questions, push the envelope, and transcend boundaries.
As illustrated by our “Best Places to Work” recognition, LBMC is committed to attracting and retaining the nation’s best talent, positioning ourselves to best serve clients with the industry’s brightest minds.
Truthfully, we can’t imagine doing business any other way. Our belief in delivering dedicated personal attention to every client allows us to maintain the responsiveness of a regional firm, while offering the expertise of a national provider. For us, a high standard of service isn’t just a priority — it’s a non-negotiable. And this commitment has served us well. Whether you’re looking for a comprehensive fix or to outsource a single function, LBMC’s Family of Companies can provide the business solutions you need to thrive.
LBMC Named a Top Firm in Nation by USA Today
Acknowledged for Excellence in Tax and Accounting
(March 14, 2024) – LBMC, a premier accounting and business consulting firm in the nation, is proud to announce it has been named a 2024 National Top Recommended Firm by USA Today. This recognition includes LBMC’s dual listing on USA Today’s Top 100 Firms in two categories: America’s Most Recommended Tax Firms and America’s Most Recommended Accounting Firms.
“We are honored to receive this distinction on USA Today’s inaugural list, and we extend our congratulations to the team for their exceptional performance. This accolade highlights LBMC’s significant influence on our clients, staff, and our expertise in the accounting profession. This recognition is even more meaningful knowing it is based on endorsements from our clients and peers,” said Jim Meade, CEO and Managing Shareholder of LBMC PC.
USA Today, in collaboration with Statista, a renowned independent market research institute and statistics provider, initiated the Top 100 Firms lists. This rigorous process involved a comprehensive survey among tax and accounting professionals and their clientele. Colleagues were queried about firms they would endorse in instances where their own organizations were unavailable, while clients were asked to nominate firms based on their professional dealings over the past three years. The outcome, featuring the top 100 tax and accounting firms, hinges on the aggregate recommendations from both peers and clients.
In addition to receiving the USA Today award, LBMC was recently named again as a Largest Accounting Firm by the Nashville Business Journal, ranking number 2 on the list this year.
Fortune and Great Place to Work® Name LBMC a 2023 Best Workplace in Consulting & Professional Services
LBMC ranks top 30 in the nation for Best Place to Work
(Dec. 14, 2023) – Great Place to Work® and Fortune magazine have selected LBMC, a top accounting and business consulting firm in the nation, for the 2023 Fortune Best Workplaces in Consulting & Professional Services list. Earning a spot on this prestigious list means LBMC is one of the best companies to work for in the nation, coming in at No. 27 in the small to medium business category.
The Best Workplaces in Consulting & Professional Services award is highly competitve, based on a pool of responses from more than 127,000 employees from Great Place To Work-Certified companies in the consulting and professional services industry. LBMC was also named a national Certified Great Place to Work for the fourth consecutive year.
These awards are based on what current team members say about their experience working at LBMC. This year, 93% of team members said LBMC is a great place to work – 36 points higher than the average U.S. company.
Great Place to Work is the global authority on workplace culture, employee experience, and leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation. In the last year, Great Place To Work surveyed companies employing 7.5 million people in the U.S. and received 1.3 million survey responses.
“We are honored to be recognized by Fortune and Great Place to Work this year and thank our outstanding team members, without whom these awards would not be possible,” said Jeff Drummonds, LBMC’s CEO. “These distinctions validate our efforts to provide an environment that fosters a strong sense of belonging and encourages personal and professional growth, while affirming our ongoing commitment to support and make each other successful. It’s a privilege to be recognized by our team members for a culture that allows them to flourish while helping our clients grow.”
“Great Place to Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience,” says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place to Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. “By successfully earning this recognition, it is evident that LBMC stands out as one of the top companies to work for, providing a great workplace environment for its employees.”
According to Great Place to Work research, job seekers are 4.5 times more likely to find a great manager at a Certified great workplace and team members at Certified workplaces are 93% more likely to look forward to coming to work.
We’re Growing
Looking to grow your career at a company that puts people first? Visit our careers page.
About Great Place to Work Certification™
Great Place to Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place to Work-Certified.
About Great Place to Work®
As the global authority on workplace culture, Great Place to Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place to Work Certified™ or receiving recognition on a coveted Best Workplaces™ List. Learn more at greatplacetowork.com.
NEWS ALERT!
LBMC Recognized as 2023 Best in Business for Private Companies; Named Top Firm in Nation
(June 15, 2023) – LBMC, a leading accounting, advisory and business consulting firm in the nation, has once again demonstrated its commitment to excellence by being named a 2023 Best in Business for Private Companies. This prestigious award celebrates companies that exhibit exceptional performance in service, growth, innovation and strategy, serving as trailblazers for others in the industry.
LBMC’s achievement follows a series of recent accolades that highlight the firm’s continuous growth and industry leadership. Accounting Today recognized LBMC as a Top 100 Firm for 2023, where the company ranked 35 nationwide and secured the no. 3 spot in the Southeast region. LBMC also secured the No. 2 spot on the Nashville Business Journal’s 2023 Largest Accounting Firms in Nashville list, further solidifying its local prominence.
“We are honored to receive these prestigious awards, both nationally and within our local community,” said Jeff Drummonds, managing partner/CEO of LBMC. “These third-party endorsements validate the investments we make in the personal and professional growth of our team members and serve as a testament to the unparalleled service and expertise we consistently deliver to our valued clients. The LBMC leadership team extends our sincere gratitude to our team members for setting the gold standard in our industry and to our clients for continuing to place their trust in LBMC.”
LBMC Named a 2023 Forbes America’s Best Tax and Accounting Firm in the Nation
(February 13, 2023) – LBMC is pleased to announce that it has been named a 2023 Forbes America’s Best Tax and Accounting Firm. This is the third year in a row for LBMC to be recognized on Forbes’ prestigious list, again achieving placement as both a top Tax and Accounting firm in the U.S.
This esteemed award is presented by Forbes and Statista Inc., the world’s leading statistics portal and industry ranking provider. Forbes and Statista created the award list through an independent survey, and winners were based on the number of recommendations received from participants (peers and clients) and additional company data. LBMC was one of the few elite firms named to both lists, out of approximately 30,000 total participants and 4,500 final recommendations.
“We are honored to be recognized by Forbes as one of the best tax and accounting firms in the nation again this year,” said Jeff Drummonds, LBMC’s CEO. “We appreciate the recommendations from our clients and peers reaffirming our culture of providing outstanding service and expertise. Our clients need trusted advisors who can provide unique solutions to help them grow, and we are grateful for the confidence they place in us.”
Accounting Today Names LBMC Top 32 Firm in Nation, Top Regional Firm for 2022
(April 22, 2022) – LBMC, a top advisory and business consulting firm in the nation, is proud to announce it has been named to Accounting Today’s 2022 Top 100 Firms list. LBMC jumped to 32 on Accounting Today’s prestigious list, which ranks firms each year based on revenue. LBMC reported a year over year revenue growth of 13.48% and was also named No. 3 in the Southeast. The awards follow LBMC’s recognition as a #3 National Pacesetter for Growth on the 2021 list as a result of the firm’s 25% growth.
In its annual Top 100 Firms publication, Accounting Today recognized LBMC for adding an international tax service offering and a new consulting practice around growth and innovation strategy. LBMC was also named an Accounting Today Best Firm in Technology.
LBMC was also recently named a Certified 2022 Great Place to Work for the second consecutive year, based on 91% of team members who said LBMC is a great place to work – 32 points higher than the average U.S. company.
Other recognitions for the firm include ranking No. 3 on the Nashville Business Journal’s 2022 Largest Accounting Firms in Nashville list and earning spots on the Forbes 2022 America’s Best Tax and Accounting Firms lists.
“We are honored to be recognized on Accounting Today’s esteemed lists again this year,” said Jeff Drummonds, managing partner/CEO of LBMC. “LBMC is proud of our growth as a southeast firm even as we grow nationally based on our service offerings. These rankings stand as a testament not only to our dedication to delivering outstanding and viable service solutions to our clients, but as strong validation to the professionals we hire. We continue to be focused on recruiting talent, and with our ever-expanding services and team members, we are in a great position to offer solutions that meet and exceed our clients’ needs.”
About LBMC Family of Companies
LBMC’s Mission and Vision
- LBMC’s mission is to be the top choice for colleagues and clients.
- LBMC’s vision is to make a continuous positive impact on our clients, colleagues, and communities.
Our vision is where we’re going and our values are what get us there. Our values are more than a list of intended directions. They are what we, as a company, live and work by.
- TRUST – We trust, respect, and support each other
- ENTREPRENEURIAL – We are open to change and embrace new/different ideas to create opportunities.
- TEAMWORK – We act as one and embrace our individuality.
- BALANCE – We strive to strike a balance to make a good living and live an abundant life.
- COMMITMENT – We are accountable to each other, ourselves, and our clients every day to make things happen.
- INTEGRITY – We do the right things for the right reasons.
Learn more about our culture.
Our History
Learn about our history from two of our founders.
Our History
- 1984: Company founded with the formation of the accounting services firm. Lattimore Black Morgan and Cain, PC.
- 1986: Family Office founded
- 1992: Benefit Plan Administration added
- 1994: Firm adds Business Valuations Services and Litigation Support
- 1996: LBMC adds Payroll Outsourcing, State and Local Tax services and Network Engineering.
- 1996: LBMC Technologies (now Technology Solutions) founded
- 1997: Business Applications services added
- 1998: Strategic Staffing (now Staffing Solutions), Investment Advisors and Employment Partners founded
- 2000: Firm adds IT Assurance services, Healthcare Consulting, LIFO Services and Merger and Acquisitions
- 2004: Risk Services founded
- 2005: Acquired Knoxville-based IT Solutions
- 2007: Merger with McWilliams & Company in Knoxville
- 2007: Merger with Petty & Landis (P&L) in Chattanooga
- 2009: Managed Security Services (now CyberMaxx) founded
- 2014: Physician Business Solutions founded
- 2015: Jeff Drummonds becomes CEO and Managing Shareholder
- 2017: Acquired W Squared and Procurement Solutions in Brentwood
- 2019: Acquired Think Data Insights in Brentwood
- 2020: LBMC Technology Solutions Merges with InterDyn Artis
- 2021: CyberMaxx is acquired by Periscope Equity
- 2022: LBMC Cares Foundation launched
- 2022: International Tax Practice added
- 2023: Strothman & Co, an accounting firm based in Louisville, Kentucky joins LBMC.
- 2024: Jim Meade becomes CEO and Managing Shareholder
- 2024: Frazee Ivy Davis, an accounting firm based in Memphis joins LBMC