865.769.0660 info@pughcpas.com

News

Tax Benefit of Separating Repairs from Improvements

There's a world of tax difference between repairs to real estate property and capital improvements. And it's not just semantics. The characterization could result in an increase or decrease of thousands of dollars on your tax return. Basic premise: Repairs are...

read more

Does Your Business Need a Temporary CFO?

Does your company need a chief financial officer but can't afford to hire one full time? Or does it simply need someone to help position your business for sale, see it through a special project or temporarily replace an executive who has fallen ill or left the...

read more

How a Valuation’s Purpose Affects Its Value

By Michael Harvey, Senior Manager/CPA/ABV/CFF, CFE, CGMA What is the value of my business? That's the question every business owner wonders from time to time. But the correct answer varies depending on the purpose of the appraisal. Different rules and "standards of...

read more

Capital Gains Rates Before and After the New Tax Law

Are you confused about the federal income tax rates on capital gains and dividends under the Tax Cuts and Jobs Act (TCJA)? If so, you're not alone. Here's what you should know if you plan to sell long-term investments or expect to receive dividend payments from your...

read more

The Insight–A Business Valuation Newsletter (Spring ’18)

The Insight--Pugh CPAs' Business Valuation & Litigation Support quarterly newsletter.   The Spring 2018 issue features two articles of interest: Eureka!  Utility Bills Can Unlock Secrets and More to Business Valuation than Meets The Eye.   Please click the safe...

read more

How the New Tax Law Affects Rental Real Estate Owners

Do you own residential or commercial rental real estate? The Tax Cuts and Jobs Act (TCJA) brings several important changes that owners of rental properties should understand. In general, rental property owners will enjoy lower ordinary income tax rates and other...

read more

How the New Limit on SALT Deductions Affects Homeowners

The ability to deduct state and local taxes (SALT) has historically been a valuable tax break for taxpayers who itemize deductions on their federal income tax returns. Unfortunately, the Tax Cuts and Jobs Act (TCJA) limits SALT deductions for 2018 through 2025. Here's...

read more

Tax Reform Update for Individuals & Businesses

It's always a great time when we gather with our clients!  It's even better when you have a dynamite speaker presenting a tax reform update and how it affects individuals and businesses.  Did I say dynamite speaker and tax reform in the same sentence?  You bet, I did!...

read more

The W-2 Email Scam (from IRS)

Using a technique known as business email compromise (BEC) or business email spoofing (BES), fraudsters posing as authority figures send email to payroll personnel requesting copies of Forms W-2 for all employees. The initial email may be a friendly, "hi, are you...

read more

Archives

Ready to take the next step?

Let's Get Started
SUBSCRIBE TO OUR NEWSLETTER

SUBSCRIBE TO OUR NEWSLETTER

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!