Tax Archives

Four Tips for Maximizing Successful Teamwork in the Hybrid Workforce

Posted December 23, 2024 by LBMC

With the remote and hybrid workforce here to stay, teamwork is more important than ever to keep teams engaged in their work.

New Tax Rules on Inherited IRAs: An Update

Posted December 9, 2024 by LBMC

Individual Retirement Accounts, more commonly known as IRAs, are extremely… Read more »

How Trump’s Return Could Impact Federal Taxes

Posted December 2, 2024 by LBMC

From large corporate tax cuts to broad tariffs, Donald Trump’s… Read more »

Gifts to Employees – Taxable Income or Nontaxable Gift?

Posted November 19, 2024 by LBMC

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.

Tax Classification for Overseas Manufacturing and Tech Entities: Global Growth

Posted November 18, 2024 by LBMC

U.S. Tax Classification for Foreign Manufacturing and Technology Entities: International Expansion

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

Contractual allowance vs. bad debt for healthcare providers

Posted November 14, 2024 by LBMC

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.