Pugh CPAs

Tax Reform & Economic Forecasting—The World Beyond the 2016 Election

Pugh CPAs recently teamed up with The Trust Company for a lunch and learn to discuss tax reform and the economic forecast.   University of Tennessee’s Dr. Don Bruce was the featured economist and Anne Bushman of RSM (Washington D.C. office) was the featured speaker on tax reform.   Pugh CPAs is an independent alliance member […]

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Tennessee’s IMPROVE Act

Improving Manufacturing, Public Roads and Opportunities for a Vibrant Economy (IMPROVE) Act  The Tennessee General Assembly approved the IMPROVE Act on April 19th, 2017.  An amendment to the House bill was approved on April 24th and Governor Haslam signed the bill into law on April 26th.  The House approved the initial bill by a vote […]

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Tax Reform & Economic Forecasting Luncheon

Lunch will be provided Registration begins at 11 a.m. and the program will start promptly at 11:30. Anne Bushman (RSM) and Dr. Don Bruce (U.T) will provide an overview of what is expected in terms of tax reform and economic outlook for the near future. Pugh CPAs is an independent member of the RSM Alliance. […]

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Survivors: Family Businesses That Last

The phrase “family business” makes some people automatically think of mom-and-pop stores in small towns. But as you probably know, family-operated companies include everything from husband-and-wife sole proprietorships to companies like Mars Inc., the candy bar and food product company that employs about 70,000 people. For a perspective of just where family business fits into […]

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Can a Modest-Income Elderly Person Stop Filing Tax Returns?

As the Old Saying Goes: Better Safe than Sorry. As you know, we spend a lot of time in this e-newsletter talking about tax return filing responsibilities. But not everyone is required to file. If a person’s income falls below prescribed levels, he or she may not have to bother. However, as we’ll explain, it […]

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What Do Business Valuation Standards Mean to Business Owners

Valuation services are one of the highest growth areas for CPA firms. Clients need to know the value of businesses, business interests and intangible assets for many reasons, including sales transactions, financing, taxation, financial reporting and litigation. When an appraiser follows professional standards, it reassures business owners about the quality and consistency of his or her methods and […]

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IRS Tax Tip: 5 Things to Know About the Child Tax Credit

Issue Number:    Tax Tip 2017-11 From the Feb. 8th issue of IRS Tax Tips Five Things to Know About the Child Tax Credit The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are five […]

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IRS Update: Tax Relief for Wildfire Victims

The IRS has issued an update regarding tax relief for recent wildfire victims.  Click HERE to read from the IRS.gov website.   Remember, your Pugh CPAs advisor is here and ready to help you and your families get through this epic disaster.

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New I-9 Forms and E-Verify Requirements

The U.S. Citizenship and Immigration Services (USCIS) has issued a new version of Form I-9, “Employment Eligibility Verification,” that is dated November 14, 2016 and has an August 31, 2019 expiration date. Employers must use the new form beginning on January 22, 2017. Until then, the version dated March 8, 2013 may also be used. […]

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Tax Update for Businesses & Individuals Affected by Recent Wildfires

The devastating wildfires throughout East Tennessee have affected us all in some way. We should be proud to live in such a community-focused area that, in spite of tragedy, has already begun to rally together to restore and strengthen our region. Pugh CPAs has received several questions related to the individual and business tax implications […]

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