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7 Frequently Asked Questions about Revenue Recognition

Guide Contents: When is the new standard effective? What does… Read more »

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The Rising Threat of Web-based Credit Card Skimmers

In recent years we have seen a significant increase to… Read more »

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Section 199A Rental Real Estate Activity Safe Harbor

The taxation of passthrough income was among the many areas… Read more »

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PCI DSS Compliance: Document Types, Tasks, and Cost

The first step to compiling effective PCI documentation is to define the various types of documents you will need to record. The second step is to identify all the various tasks that will be defined in your procedures. This article covers three important document types and tasks to consider.

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Ensuring Trust and Security: Best Practices for Church Service Offerings

In the heart of every church community lies the practice… Read more »

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IDS vs. IPS: How Each System Works and Why You Need Them

While the lines between IDS/IPS have become blurred over time, LBMC highlights some unique differences essential to note.

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Section 1031 Like-Kind Exchanges under the TCJA

The TCJA didn’t eliminate like-kind exchanges; however, it did eliminate tax-deferred like-kind exchange treatment for exchanges of personal property after December 31, 2017.

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What Does the New Qualified Business Income Deduction Mean for You?

To maintain the incentive for individuals to own and operate a pass-through entity, the Act introduced the new Section 199A Qualified Business Income Deduction.

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ASC 606: Modernizing Construction Revenue Recognition in Five Steps

It’s time to get ready for the five-step revenue recognition… Read more »

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LBMC Acquires National Data Analytics Firm, Think Data Insights

Deal Underscores LBMC’s Commitment to Expanding Solutions and Transformational Technologies