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Controlled Foreign Corporation Regulations Under TCJA

Under the TCJA, a U.S. person, domestic corporation, partnership, trust or estate that owns at least 10 percent of the value or voting rights in one or more CFCs will be required to include this income as currently taxable income.

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Client Spotlight: Scarlett Hotel Group

Learn why Scarlett Hotel Group enlisted the PEO services of LBMC Employment Partners for human resources, payroll, benefits, and more.

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U.S. House Approves Three-Part Proposed Tax Reform 2.0 Legislation

By Sept. 28, 2018 all three parts of the proposed tax reform 2.0 legislation (Family Savings Act, American Innovation Act, Protecting Family and Small Business Tax Cuts Act) was passed.

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Employee Spotlight: Britt Cumbie

Britt’s current role is the Director of Contract Accounting Services. He manages a team of contract recruiters whose duty is to find resources and talent for temporary or temporary-to-permanent positions.

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Charitable Contributions and State and Local Tax Credits

Guidance has been issued by the IRS providing rules on the availability of charitable deductions when a taxpayer receives or expects to receive a corresponding state or local tax credit.

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How Technology is Transforming the Client Experience

By: DeAnna Brooks, Client Success Specialist at LBMC Technology Solutions… Read more »

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Small Business Accounting Method Changes Under TCJA

Thanks to the Tax Cuts and Jobs Act (TCJA), small businesses can now receive accounting-related relief by using the simpler and more-flexible cash method.

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2018 Form 1099-R for Retirement Plan Distributions Issued by IRS

The 2018 version of Form 1099-R and its instructions, issued by the IRS, include some changes involving distribution codes and disaster distributions.

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Client Spotlight: BreatheAmerica

Learn why BreatheAmerica enlisted the services of LBMC Employment Partners for Human Resources assistance with payroll services and more.

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Guidance on New $500 Credit for Certain Dependents

The Internal Revenue Service (IRS) announced that it intends to issue proposed regulations to clarify the definition of “qualifying relative” for the new $500 credit for dependents and head of household filing status.