RTP CFO Forum Announces New Board Members

The RTP CFO Forum (www.rtpcfos.com) today announced four new members to the Board of Directors starting January 1, 2020: Jane Ralston, Michael Gesser, Joe Carino, and Bill Kaluza. Since 2010, the Forum has welcomed over 300 members and is designed to provide interactive networking and discussion of technical and strategic topics in an environment created exclusively for senior-level peers.…

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The Family Medical Leave Act (FMLA) Tax Credit – Does Your Company Qualify?

By: Adam Leonard and Cheryl Rhew With the passing of the Tax Cuts and Jobs Act of 2017 came the largest number of changes to our tax code in over 30 years. Many of these new changes have been built up and highly advertised, but there were just as many changes that may not be as well known, and could possibly benefit your company. One of these changes is the FMLA tax credit, which provide…

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Update: 2019 Year-End Tax Planning Letter

Dear Clients and Friends:As part of an appropriations measure, Congress passed a flurry of new tax legislation at the end of 2019. These new rules may have an impact on 2019 tax returns to be filed in 2020.Notably, the “Taxpayer Certainty and Disaster Tax Relief Act of 2019” extends through 2020 several tax breaks for individuals that had officially expired or were about to exp…

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Tax Withholdings 101

Many people were caught off-guard when they filed their 2018 tax returns and discovered that they owed tax when they had received refunds in recent years.  The withholding tables used by employers to determine the taxes withheld from paychecks were changed for 2018 as part of the Tax Cuts and Jobs Act (“TCJA”) which passed in late 2017.  Most employees welcomed the ad…

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HPG Year-End Tax Planning Letter

2019 Year-End Tax Planning LetterDecember 2019Dear Clients and Friends:With year-end approaching, we suggest possible year-end tax strategies for our clients. 2018 was the first year individuals and businesses filed tax returns reflecting major tax changes under the Tax Cuts and Jobs Act (“TCJA”). Now that we have 2018 under our belt, some of the year-end tax strategies for 201…

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The Magical Section 1202 Provision – Where a 0% Capital Gain Tax Rate Becomes a Reality

One of the things I love about the Triangle is the entrepreneurial spirit that lives and breathes in the area. When I joined Hughes Pittman & Gupton (“HPG”) 15 years ago, I remember thinking that the Firm fit right into this spirit, in how it operates and thinks on behalf of its clients. That said, I came from the land of family-owned tool and die manufacturing in Pennsylv…

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The Tax Benefits of Investing in Opportunity Zones

IntroductionThe Tax Cuts and Jobs Act of 2017 (“TCJA”) brought sweeping changes to the tax code not seen since the 1980’s.   A key development of the TCJA was the creation of Opportunity Zones.  These economically distressed areas across the United States and its territorial possessions were the focus of lawmakers, who sought to spur economic development an…

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HPG Named INSIDE Public Accounting Best of the Best and Top 200 Firm

Hughes Pittman & Gupton, LLP (HPG), a Triangle-based CPA firm serving the financial management needs of local, multistate and international businesses, as well as their owners, has been named to INSIDE Public Accounting’s (IPA) 2019 Best of the Best Accounting Firms list. HPG was also named to IPA’s Top 200 Firms list for the second time. IPA honors CPA firms across t…

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HPG Announces Candace Engles and Rod Wilson as Partners

Hughes Pittman & Gupton, LLP (“HPG”), a Triangle-based CPA firm serving the financial management needs of local, multistate, and international businesses, as well as their owners, announces Candace Engles and Rod Wilson as members of the partner group effective June 1, 2019. Engles and Wilson have been promoted in recognition of their dedication to achieving client goals an…

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Cathy Patton to Lead Hughes Pittman & Gupton, LLP’s Process, Risk and Governance Practice

Hughes Pittman & Gupton, LLP (“HPG”), a Triangle-based CPA firm serving the financial management needs of local, multistate, and international businesses, as well as their owners, is pleased to announce that Cathy Patton has assumed the role of Director of Process Risk and Governance (“PRG”). Cathy has been leading the Firm’s PRG practice from both a tech…

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