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When to Update Your Estate Plan

Estate planning isn’t just for the rich and famous. Many people mistakenly think that they don’t need an estate plan anymore because of the latest tax law changes. While it’s true that the Tax Cuts and Jobs Act (TCJA) provides generous estate tax...

Changes in Partnership Audit Rules

At the beginning of 2018, new partnership audit rules went into effect that make substantial changes to the way partnerships will be audited by the Internal Revenue Service.  Partnership tax years beginning on or after January 1, 2018 will be subject to these rules. ...

Section 199A–IRS Safe Harbor and Your Rental Property

Section 199A—IRS Safe Harbor and Your Rental Property, What You Need to Know Background: The Tax Cut and Jobs Act allows a deduction to a non-corporate taxpayer for up to 20% of Qualified Business Income (“QBI”). Click here for a more detailed discussion of the...

Ideas to Strengthen Your Business in 2019 and Beyond

New Year’s is traditionally a time to make resolutions for the upcoming months. Once you set your personal goals, it’s time to get serious about your business goals. Here are ten resolutions you might consider making — and sticking to — to put you on track...

Tax Figures for 2019

Important federal tax information for 2019 as compared with 2018. Please note, some of the dollar amounts are unchanged and some have increased slightly due to inflation. As always, reach out to your Pugh CPAs advisor if you have...

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