Former EY Executive Brings More Than Two Decades of Tennessee Tax Experience
Nashville, TN – LBMC, a top 50 firm in the nation and the leading firm in Tennessee tax expertise, is pleased to announce that Jay Hancock has been named Shareholder and Leader of the firm’s state and local tax practice.
Hancock previously served as the Executive Director of EY’s Nashville-based Tennessee indirect tax practice. He has nearly 25 years of Tennessee state and local tax experience, the last 21 of which have been with national accounting firms in a tax consulting role.
Hancock has significant experience assisting taxpayers with all varieties of state and local tax issues, including multi-state tax minimization studies and reorganization strategies for public and private companies; analysis of state tax ramifications stemming from mergers, acquisitions and divestitures; identification of state tax credits and securing negotiated incentives; and management and resolution of state audits, appeals and ruling requests.
Prior to entering public accounting, Hancock served as an Assistant Attorney General in the Tax Division of the Tennessee Attorney General's Office, where he represented the Department of Revenue in state tax litigation and authored opinions on various state and local tax issues.
Hancock holds his bachelor’s degree from the University of Tennessee and his Doctor of Jurisprudence from the University of Maryland School of Law. He is a member of the Tennessee Bar Association, Nashville Bar Association, and the Tennessee Chamber of Commerce and Industry.
“I am pleased to welcome Jay as leader of our state and local tax practice. His well-rounded experience in public accounting and with the attorney general’s office brings a unique perspective, and his expertise in the nuances of state and local tax issues allows us to provide even more enhanced advisory service to our clients. We were intentional about selecting a leader with extensive Tennessee tax expertise, and Jay is already proving to be a valuable asset to our firm,” said Jeff Drummonds, LBMC’s CEO.
LBMC is a Top 50 firm in the country and the largest professional service solutions provider based in Tennessee, serving approximately 10,000 clients with diverse needs across a spectrum of industries. LBMC and The LBMC Family of Companies has more than 600 employees, with offices in Chattanooga, Nashville (Brentwood), and Knoxville, TN. Founded in 1984 as a traditional accounting firm, LBMC has expanded its focus to meet a broad range of financial, human resources and technology needs for its diverse client base. Today, we've become industry leaders in financial, human resources, technology, information security, and wealth advisory services. For more information, visit www.lbmc.com.