Service: Tax Services
LBMC is a Tennessee accounting firm offering federal/state tax preparation and specialty tax services for corporate business and wealthy individuals. Read more.
The first Friday in October was National Manufacturing Day and… Read more »
The Tax Cuts and Jobs Act (TCJA) contains a provision that ties revenue recognition for book purposes to income reporting for tax purposes, for tax years starting in 2018.
The TCJA created a new limitation that disallows a deduction for net interest expense that exceeds 30 percent of ATI for businesses with average annual gross receipts more than $25 million.
Guide Contents: When is the new standard effective? What does… Read more »
LBMC’s 2018-2019 Tax Planning Guide provides an overview of the most consequential changes under the TCJA and other key tax provisions taxpayers need to know. Download today!
The taxation of passthrough income was among the many areas… Read more »
The disruption and destruction caused by natural disasters to both individuals and businesses make tax relief necessary and helpful to the restoration process.
The TCJA created a significant change for research expenditures defined under section 174, which are expenditures that represent a research and development cost in the experimental or laboratory sense.