Federal Business Tax Services
Federal business tax services help organizations manage compliance, reduce risk, and make informed decisions as tax complexity increases. As businesses grow, restructure, or respond to legislative change, federal tax obligations often become more difficult to interpret and manage internally.
LBMC works with businesses to understand how federal tax rules affect operations, cash flow, and long-term planning. Our advisors combine technical tax knowledge with practical business insight to help organizations stay compliant, identify opportunities, and move forward with confidence.
Whether you’re managing recurring compliance, planning for a transaction, or responding to new tax legislation, LBMC serves as a long-term federal tax partner—not just a compliance provider.
How Federal Business Tax Services Work in Practice
Federal business tax engagements are designed to provide clarity and reduce uncertainty without disrupting day-to-day operations. LBMC’s approach focuses on understanding your business first, then applying tax guidance in a way that supports informed decision-making.
Discovery and current-state review
We start by understanding your entity structure, operations, prior filings, and existing tax positions.Risk, compliance, and opportunity assessment
Our team evaluates federal tax exposure, filing requirements, and planning opportunities based on your business activities.Prioritization and planning
Findings are translated into clear priorities, helping you understand what needs attention now versus later.Execution support or coordination
We assist with preparation, filings, documentation, and coordination across internal teams or outside advisors.Ongoing advisory support
As tax laws and your business evolve, we provide continued guidance and planning support.
Why Businesses Work with Federal Business Tax Advisors
Organizations often seek federal business tax services when tax complexity begins to affect growth, cash flow, or leadership decision-making. Common triggers include:
Business growth, restructuring, or expansion into new markets
Mergers, acquisitions, or ownership changes
Increased IRS scrutiny or audit activity
Changes in federal tax legislation or regulatory guidance
Complex entity structures or multi-entity reporting
Limited internal resources to manage ongoing tax demands
The need for proactive planning instead of reactive compliance
Federal business tax advisors help organizations gain clarity, manage exposure, and make tax decisions that align with broader business goals.
LBMC’s Federal Business Tax Services
LBMC’s federal business tax services support organizations across compliance, consulting, and planning needs. Our services are flexible and designed to scale with your business—whether you need targeted support or an ongoing advisory relationship.
Tax Preparation Services
We prepare federal business tax filings with accuracy and consistency, while maintaining a clear understanding of how reporting decisions affect cash flow, compliance posture, and future planning.
Tax Consulting Services
Our consulting services focus on helping businesses interpret federal tax rules, evaluate options, and plan proactively. This includes transaction support, accounting method considerations, credit and incentive analysis, and strategic planning tied to business objectives.
Cost Segregation and Fixed Asset Services
Cost segregation and fixed asset studies help businesses optimize depreciation deductions and improve cash flow. A cost segregation study typically focuses on specific real estate assets, while fixed asset reviews evaluate a broader asset base.
LBMC combines detailed invoice review with engineering-based analysis to identify opportunities for accelerated depreciation and proper asset classification.
Related services include:
Cost Segregation
Fixed Asset Reviews
IRC §179D Energy-Efficient Building Deductions
IRC §263A Analysis
Rehabilitation Tax Credits
Legislative Updates: One Big Beautiful Bill Act (OBBB)
Federal tax legislation continues to reshape planning and compliance considerations for businesses. The One Big Beautiful Bill Act (OBBB) introduced changes affecting deductions, depreciation, credits, and transaction planning.
LBMC helps businesses understand how legislative changes impact their specific circumstances and what steps may be needed to adjust planning, reporting, or strategy.
Why Choose LBMC as Your Federal Business Tax Firm?
Businesses choose LBMC for federal business tax services because we focus on practical guidance, responsiveness, and long-term partnership.
Experienced federal tax professionals supporting complex business needs
Advisory-driven approach that goes beyond filing requirements
Cross-functional collaboration across audit, advisory, and industry teams
Clear communication and proactive planning
Support that scales as your business evolves
Industries We Support
LBMC tailors federal business tax services to the needs of organizations across various industries.
All Industries We Serve
FAQs About Federal Business Tax Services
When does federal tax complexity justify working with an external advisor?
Federal tax complexity typically reaches a point where external support makes sense when a business experiences growth, structural change, or increased scrutiny. This often includes adding entities, expanding operations, completing transactions, or facing new reporting requirements. Many organizations also seek federal tax advisors when internal teams are spending disproportionate time managing compliance or uncertainty, or when leadership needs clearer guidance to support decision-making.
What does federal business tax preparation typically include for growing or multi-entity companies?
For growing or multi-entity companies, federal business tax preparation usually extends beyond basic return filing. It often includes entity-level filings, consolidated or combined reporting, coordination across ownership structures, and alignment with tax accounting and planning strategies. Preparation also involves documentation support, review of prior positions, and consideration of how current filings impact future tax obligations and cash flow.
How can federal business tax services help reduce exposure during IRS reviews or audits?
Federal business tax services help reduce exposure during IRS reviews by strengthening documentation, improving consistency across filings, and proactively addressing higher-risk areas. Advisors assist with audit readiness, response strategy, and communication with tax authorities. This support helps businesses manage reviews efficiently, limit disruption to operations, and resolve issues with clarity and confidence.
What should businesses evaluate when choosing a federal tax firm for ongoing advisory support?
When selecting a federal tax firm, businesses should evaluate technical expertise, industry experience, and the firm’s ability to provide proactive guidance—not just compliance support. Other important considerations include responsiveness, clarity of communication, continuity of the engagement team, and the firm’s ability to coordinate across tax, audit, and advisory disciplines as business needs evolve.
How do federal tax services support cash flow planning and long-term tax efficiency?
Federal tax services support cash flow planning by evaluating timing strategies, deductions, credits, and accounting methods that affect when taxes are paid. Long-term tax efficiency is achieved through ongoing planning that aligns tax positions with business strategy, capital investments, and growth objectives. This approach helps businesses avoid surprises and make informed financial decisions.
How can I find experienced federal business tax services near me?
Experienced federal business tax services are best identified by looking for firms with a strong regional presence, dedicated federal tax professionals, and experience working with businesses similar in size and complexity to yours. Proximity can support collaboration, but equally important are accessibility, responsiveness, and the ability to provide consistent advisory support regardless of location.
How does LBMC work with clients as a long-term federal tax partner?
LBMC works with clients as a long-term federal tax partner by providing consistent advisory support that adapts as business needs change. Rather than focusing solely on annual filings, LBMC collaborates with leadership teams to anticipate tax implications, address emerging risks, and support informed planning decisions. This ongoing relationship helps businesses manage complexity, reduce uncertainty, and move forward with confidence.