The Tax Cuts and Jobs Act (TCJA) was passed on… Read more »
Section 199A Deduction for Pass-Through Businesses
Industry: Manufacturing & Distribution
LBMC’s understanding of manufacturing and distribution challenges, along with our technical expertise provides competitive advantages. We have positioned our firm to be a solution to the financial challenges faced by local, Japanese-owned and foreign-owned companies.
NEWS: How CEOs Can Improve Recruiting and Retention
In today’s highly competitive job market, a major trend that… Read more »
A Reverse Audit Could Save Your Company Thousands
If you underpay your sales and use taxes, the Department of Revenue will find the error and collect. But, when you’ve overpaid, a reverse audit may be the only way to catch the error.
LBMC Acquires National Data Analytics Firm, Think Data Insights
Deal Underscores LBMC’s Commitment to Expanding Solutions and Transformational Technologies
SOC 2 vs. HITRUST CSF – Navigating the Differences of the Two Frameworks
While SOC 2 and HITRUST are both created to help… Read more »
Anti-Fraud Controls: Using Reporting Telephone Hotlines
The ACFE reports that organizations without an anonymous hotline suffered 66% higher average fraud losses than those lacking this prevention mechanism.
Financial Accounting Standards Board Update July 2019
Private companies now have until 2021 to follow the new… Read more »
Revenue Recognition Standards 101
Revenue recognition accounting standards drastically changed for middle market nonpublic businesses, effective January 1, 2019, for those with a calendar year-end. What do we need to do to comply with these changes, and how do we get there? Read the article to find out.
Manufacturers – What’s your company’s budgeting process?
You’re more likely to have an emotional investment in your annual budget and work harder to achieve your company’s goals if your mindset is creating budget that aligns with your goals and competition.
Internal Controls: Is it easy to steal money from your company?
Do You Know the Three Factors Needed to Commit Fraud? Click here to learn how to protect your company with proper internal controls.