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![Introducing Pugh Wealth Management](https://insights.pughcpas.com/wp-content/uploads/2022/06/PUGH-WealthManagement-Logo-V-268x300.png)
Introducing Pugh Wealth Management
Pugh CPAs announces a new line of business designed to help clients with financial planning and investment services.
![Pugh CPAs Confirms New President](https://insights.pughcpas.com/wp-content/uploads/2022/06/EC-Photo-2022-1-300x273.png)
Pugh CPAs Confirms New President
Pugh CPAs welcomes Barrett Simonis as President. Daniel Messing, Barron Kennedy and Susan Foard round out the Executive Committee.
![RSM US Manufacturing Outlook Index shows 35% probability of recession over next year](https://insights.pughcpas.com/wp-content/uploads/2022/06/Pugh-RSM-Image-2022-05-5_31_2022_RSM_manufacturing_1-300x169.png)
RSM US Manufacturing Outlook Index shows 35% probability of recession over next year
The RSM US Manufacturing Outlook Index declined into negative terrain in May, signaling the impact of high inflation, rising interest rates, the lockdowns in China and the war in Ukraine.
![Changes to accounting for revenue contracts in a business combination](https://insights.pughcpas.com/wp-content/uploads/2022/05/Pugh-FeatureImage-Workers-and-boxes-397-300x170.jpg)
Changes to accounting for revenue contracts in a business combination
Discussion of the buyer's accounting in a business combination for contract assets and contract liabilities related to customer contracts.
![The metaverse in manufacturing](https://insights.pughcpas.com/wp-content/uploads/2022/05/Pugh-FeatureImage-Automatic-machinery-in-factory5-970-300x170.jpg)
The metaverse in manufacturing
We examine the metaverse in manufacturing and how it could affect middle market business leaders.
![GASB issues omnibus statement](https://insights.pughcpas.com/wp-content/uploads/2022/05/Pugh-FeatureImage-Two-Women-Walking-in-Government-Building-128-300x170.jpg)
GASB issues omnibus statement
The Governmental Accounting Standards Board has issued an omnibus statement addressing a wide range of practice issues.
![ESG in supply chains: Summer 2022](https://insights.pughcpas.com/wp-content/uploads/2022/05/Pugh-FeatureImage-Automatic-machinery-in-factory-430-300x170.jpg)
ESG in supply chains: Summer 2022
We examine the latest supply chain and ESG trends in manufacturing and discuss what's ahead for middle market business leaders.
![Tips for Raising Financially Literate Young Adults](https://insights.pughcpas.com/wp-content/uploads/2022/05/Pugh-Video-Cover-Tips-for-Raising-Financially-Literate-Young-Adults-CT-9526-300x169.jpg)
Tips for Raising Financially Literate Young Adults
Parenting comes with many responsibilities, which include teaching children how to budget, save money, and make responsible financial decisions. In this video, we’ll cover six tips to help your children learn about saving, spending and investing.
![7 key actions for financial services organizations partnering with fintech companies](https://insights.pughcpas.com/wp-content/uploads/2022/05/Pugh-FeatureImage-Mobile-payment-58-300x170.jpg)
7 key actions for financial services organizations partnering with fintech companies
Planning is key for institutions embarking on strategic fintech partnerships.
![BSA/AML and OFAC risk assessment: Best practices for financial organizations](https://insights.pughcpas.com/wp-content/uploads/2022/05/Pugh-FeatureImage-Technical-server-equipment-276-300x170.jpg)
BSA/AML and OFAC risk assessment: Best practices for financial organizations
BSA/AML and OFAC risk assessments can help alleviate concerns for financial organizations. Develop a strategy for BSA/AML and OFAC compliance.
![Fed policy and the natural rate of interest—a delicate balancing act](https://insights.pughcpas.com/wp-content/uploads/2022/05/Pugh-FeatureImage-Federal-Reserve-Building-110-300x170.jpg)
Fed policy and the natural rate of interest—a delicate balancing act
The current estimate of the natural rate of interest is 0.5%, hardly enough to compensate for the risk of investment.
![Succession Planning for Nonprofits](https://insights.pughcpas.com/wp-content/uploads/2022/05/Pugh-Video-Cover-Succession-Planning-for-Nonprofits-CT-9327-300x169.jpg)
Succession Planning for Nonprofits
Grooming future leaders and mapping out a succession plan in advance is one of the best ways to mitigate the risk of losing key personnel and prepare for the future needs and growth of an organization. This video offers tips and best practices for creating and implementing a succession plan for your nonprofit.
![U.S. GDP declines by 1.4%: This is what an overheating economy looks like](https://insights.pughcpas.com/wp-content/uploads/2022/04/Pugh-RSM-Image-2022-04-4_28_202GDP_2-300x169.png)
U.S. GDP declines by 1.4%: This is what an overheating economy looks like
Growth in the first three months of the year contracted at 1.4% pace as Americans turned to imports to meet torrid demand that is simply unsustainable.
![Pending home sales fell back to pre-pandemic level amid rising rates](https://insights.pughcpas.com/wp-content/uploads/2022/04/Pugh-FeatureImage-Row-of-residential-houses-185-300x170.jpg)
Pending home sales fell back to pre-pandemic level amid rising rates
pending home sales fell 1.2% in March, declining for the fifth month in a row, as demand continued to slow due to high prices and rising mortgage rates.
![Chart of the day: Industrial production hits record in March](https://insights.pughcpas.com/wp-content/uploads/2022/04/Pugh-RSM-Image-2022-04-Dashboard-7-1-300x169.png)
Chart of the day: Industrial production hits record in March
Domestic industrial production increased by 0.9% in March, beating market forecasts despite global supply chain disruptions of key materials.