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Old Habits May Be Costing You Dearly

There's an old story of a soldier who got up every morning, walked over to an unused iron stove in the middle of the barracks and gave it a swift kick. Then he'd hop around in pain and yell at the stove. When a fellow soldier asked him why he did such a thing, he said...

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Family Business: Why You Need a Buy-Sell Agreement

If you co-own a business with other family members, it's generally a good idea to have a well-drafted buy-sell agreement to protect everyone's interests. Here are some basics about this important document, including the valuation methods used. There are two basic...

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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...

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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...

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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...

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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...

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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...

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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...

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