Suggestions
Jeffery Drummonds
CEO of LBMC
Professional Background
Jeffery Drummonds has built a remarkable career as a trusted leader and expert in tax services, fostering growth and innovation in his role as the managing partner of LBMC, PC. With a career spanning over three decades, Jeffery has been instrumental in steering the strategic direction of LBMC, a distinguished firm that specializes in audit, tax, and advisory services. As managing partner, he collaborates closely with the leaders of various practices, ensuring that the firm not only meets but exceeds client expectations.
Before ascending to the role of managing partner, Jeffery made significant contributions as the leading partner of LBMC’s tax services practice. His strong blend of strategic thinking and business acumen has played a pivotal role in resolving complex challenges faced by clients. This formidable combination has established him as a key player in delivering impactful solutions tailored to the unique needs of each client. With a laser focus on client satisfaction, Jeffery brings a spirited entrepreneurial essence to the firm, aligning its vision with operational realities to produce positive outcomes.
Jeffery's journey in the world of finance and accounting began long before his impressive tenure at LBMC. Prior to joining the firm in 2001, he was a tax partner with a prominent national accounting firm. His decision to relocate to Nashville in 1997 ranks among the most beneficial moves in his career. Nashville, with its vibrant economy and thriving business landscape, provided Jeffery the fertile ground necessary for professional growth and meaningful client relationships.
Throughout his extensive career, Jeffery has coordinated tax services for more than twenty public companies, showcasing his capabilities and expertise in managing complex tax matters. His wealth of experience includes involvement in an array of stock offerings and private equity transactions, covering diverse industries such as healthcare, manufacturing, and technology. His proficiency does not stop there; he also possesses significant experience in advising companies on transaction structuring, merger integration, and tax outsourcing engagements, making him a well-rounded expert in the field.
Education and Achievements
Jeffery Drummonds laid the foundation for his successful career with a robust educational background. He earned a Bachelor of Science in Business Administration followed by a Master of Accountancy with a focus on Taxation, both from the University of Tennessee-Knoxville. This solid academic grounding equipped him with the essential knowledge and skills necessary to thrive in the accounting industry and tackle the nuances of taxation.
In addition to his formal education, Jeffery's career achievements speak volumes about his dedication and expertise. He has continually demonstrated a commitment to professional development and excellence, leading teams to secure optimal results for their clients.
Notable Achievements
- Leadership Role: As the managing partner at LBMC, Jeffery is at the helm of a major firm, influencing the direction of audit, tax, and advisory practices with commitment and vision.
- Tax Services Expertise: With experience advising more than twenty public companies, Jeffery distinguishes himself through his in-depth knowledge of corporate tax structures and compliance.
- Transaction Coordination: His involvement in stock offerings and private equity transactions underscores his ability to navigate complex deals and deliver tailored solutions to clients across various industries.
- Client-Centric Approach: Jeffery's dedication to client satisfaction is unmatched, and he consistently strives to align his firm's offerings with the specific needs of clients to ensure lasting success.
- Diverse Industry Proficiency: Jeffery’s work spans multiple sectors, allowing him to bring a comprehensive perspective that benefits the clients he serves in healthcare, manufacturing, and technology.
Jeffery Drummonds is a seasoned CPA whose career reflects a unique blend of leadership, strategic vision, and an unwavering commitment to client success. As he continues to lead LBMC with intention and integrity, clients can expect nothing short of excellence from his firm.