Blog
LBMC Celebrates Ribbon Cutting of LBMC India, Expanding Global Capacity to Better Serve Clients
LBMC, a top 35 accounting and business consulting firm nationally and one of the Southeast’s largest professional services firms, announced the official ribbon cutting of ...
IRS Announces New Mileage Reimbursement Rates for 2026
The IRS has announced that the optional standard mileage rate used to calculate the costs of operating a car, van, pickup truck, or panel truck ...
Revenue Recognition: Insights for CFOs in 2026
Key Takeaways Private companies continue to face challenges with ASC 606 compliance, especially with bundled services, variable pricing, and contract changes. To keep up with ...
The Impact of Wire Fraud on Businesses and How to Prevent It
Introduction Wire fraud is a global business threat affecting many businesses within our markets. According to the FBI’s Internet Crime Complaint Center (IC3), losses tied to cybercrime have climbed sharply, jumping from $10.3 ...
Why LBMC Technology Solutions Is Your Trusted Managed Services & Cybersecurity Partner
Key Takeaways Compliance with SOC 2 Type 2 is a big deal because it shows that a service provider is dedicated to keeping client data ...
Understanding Healthcare Audits in Value-Based Care
Key Takeaways Audits support financial accuracy in value-based care. Revenue recognition is more complex in VBC contracts. Coding and incentive structures create compliance risks. Principal ...
Tennessee Is Advantageous for Captive Insurance Companies
Key Takeaways Tennessee offers business-friendly captive insurance regulations. Captive growth in Tennessee continues to accelerate. Responsive regulators strengthen Tennessee’s captive environment. As the Grateful Dead famously sang, ...
ASC 606 in Healthcare: Revenue Recognition Challenges and Solutions for 2026
Ten implementation issues are identified in this article and the status of them are listed with a further discussion of the finalized implementation issues detailed. ...
How Chattanooga Businesses Can Use AI-driven Business Intelligence for Greater Profitability
Key Takeaways AI in business intelligence empowers Chattanooga businesses to move from reporting to prediction. Starting small with AI pilot projects often yields quicker buy-in ...
Outsourced CFO Services Explained: Benefits, Use Cases, and Pricing
Key Takeaways Growing companies can access strategic financial leadership without committing to a full-time CFO. Clear, forward-looking financial insight helps leaders move through major decisions ...
MSO-PC Model in Medical Practices: Financial and Operational Services
Understanding the MSO-PC model is essential for any medical practice, whether independent or considering private equity partnership. At LBMC, we aim to demystify this complex ...
How to Take Over a PCI Compliance Program
Key Takeaways: Clarify Scope and Current State Early: Begin by reviewing existing documentation like the ROC or SAQ, network diagrams, and gap assessments to understand ...