Blog

Three Tips to Make Standard Cost Accounting More Effective

As you plan for your physical inventory or significant cycle counts to close out and adjust quantities, have you also considered how to verify the accuracy of your standard costs?

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LBMC Names Anna Maddox as Chief People Officer

Industry Veteran Joins to Lead Talent Strategy, Elevating Employee Engagement… Read more »

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Joe Scarlett

Enter the Culture Warrior: Leading with Humility Joe Scarlett, former… Read more »

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Gifts to Employees – Taxable Income or Nontaxable Gift?

Gifts to employees are a traditional way to thank people important to your business, but the IRS says certain types of gifts are taxable, and following the rules can prevent a spoiler later.

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Tax Classification for Overseas Manufacturing and Tech Entities: Global Growth

Private U.S. manufacturing and technology businesses choose specific types of… Read more »

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Is it Time to Upgrade from QuickBooks?

While QuickBooks is a great bookkeeping solution for small, order-centric… Read more »

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Contractual allowance vs. bad debt for healthcare providers

Knowing the difference between contractual allowance and bad debt is critical to healthcare providers. The IRS wants bad debt clearly separated in tax returns. LBMC can help with revenue recognition standards and tax reporting.

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Client Advisory & Accounting Services for Business Efficiency

Are you feeling overwhelmed with hiring challenges? Imagine finding a… Read more »

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