Join Us! UHY LLP 2014 Annual Accounting & SEC Update :: December 15, 2014
As has been noted in recent publications, there were significant changes made to the Revised Texas Franchise Tax ("RTFT") during the 83rd Texas Legislative Session held during 2013. The majority of these changes are applicable to certain industries or a small range of taxpayers. However, there are several new provisions that affect a wider range of taxpayers including a temporary tax rate reduction, small business relief and a deduction for relocation costs.
UHY Advisors TX, LLC is one of the best places to work in Houston, according to an annual list published in the October 17 edition of the Houston Business Journal.
A majority of chief financial officers (CFOs) have career plans that call for them to take a C-Suite position within five years, but at a company other than their current employer, a survey of Houston financial managers by Houston accounting firm UHY LLP and Financial Executives International (FEI) has found.
CEOs and corporate Boards put the highest value on CFOs who think more like business people than bean-counters, according to a panel of chief executives and board members and a survey of financial executives at the “CFO Summer Breakfast Series” in Houston sponsored by the UHY LLP accounting firm and Financial Executives International (FEI).
Mid-size company CFOs need to improve their transaction skills to maximize their companies’ opportunities in the coming years, a survey of Houston financial managers by Houston accounting firm UHY LLP and Financial Executives International (FEI) has found.
Financial and regulatory compliance pressures are requiring middle market companies to implement a growing array of operational and fiscal control measures, a survey of Houston financial managers by the UHY LLP accounting firm and Financial Executives International (FEI) has found.
It is that time of year when sales tax holidays appear. For individuals and companies in Texas, opportunities abound for sales tax savings.
Operations related issues pose the leading risk to middle market companies, a survey of Houston financial managers by the UHY LLP accounting firm and Financial Executives International (FEI) has found.
Managing the financial reporting function is the challenge that most concerns chief financial officers of middle market companies, according to a survey of CFOs of Houston-based companies by the UHY LLP accounting firm and Financial Executives International (FEI).
UHY LLP will be hosting the Summer Breakfast Series with six different breakfast seminars focusing on CFO Leadership Skills. To find out more, contact email@example.com
Women In Touch (WIT) is a group of women tax and finance professionals coming together to foster professional and personal growth through quarterly seminars. These educational seminars are focused on women who are established in their professions in the Houston area. We encourage regular attendance to promote a relationship-driven environment. Each seminar allows for networking with professional women in similar industries to enhance their professional network.
Six Houston professional services firms are collaborating to create the Middle Market Institute, an invitation-only curriculum to help midsized businesses plan strategic growth, manage risk and protect intellectual property. The six firms are UHY LLP, Comerica Bank, investment bank Gulfstar Group, Oracle, law firm Thompson and Knight, and Wortham Insurance.
In an interview, Ron Martin, CEO of UHY Advisors Texas, said the groups are focusing on midmarket businesses because they are "the backbone of the Houston economy." These companies also tend to spend more on consulting services, moreso than other segments, Martin said.
Texas business owners foresee a Goldilocks-like economic performance for their companies and the state’s economy in 2014 – not too hot, not too cold, but just about right, according to the UHY LLP Texas Business Outlook Survey.
As part of UHY LLP’s Month of Caring, the Community Service Committee in Houston conducted a holiday gift drive benefitting the Ronald McDonald House Santa Store and the Owen Daniel’s Foundation, Owen’s Locker at Shriner’s Children’s Hospital. Hundreds of toys, electronics and gift items were collected along with thousands of dollars in cash donations from all of the Houston staff.
Companies typically have thousands of vendors and all of them are trying to figure out a strategy to sell your company more and more of their goods or services. Often times, and especially common in many facets of the energy industry, a vendor starts to push the envelope in terms of gifts and entertainment, bid rigging, or vendor kickbacks that are the result of that vendor exploiting a relationship with someone at your company to obtain an unfair advantage over other vendors. Of course, even though we all hope that we don’t have employees that are looking for ways to obtain “extras” from vendors in exchange for directing work their way, employees can also be guilty of exploiting the vendor relationship. Unfortunately, in either case, few companies have robust processes and internal controls to detect and prevent such activities, which are mostly “off the books”.
A team of accounting students from the University of Houston – Clear Lake out-pointed five other squads from Houston-area colleges for the top prize in the second annual UHY LLP Houston Accounting Smackdown.
More than one-in-six oil and gas companies considered major changes in their company structures, primarily to improve investor value, a survey by UHY LLP and Oil & Gas Financial Journal has found.
It is that time of year when Texas sales tax holidays appear. For individuals and companies in Texas opportunities abound for sales tax savings. Below is the explanation for the upcoming sales tax holiday.
UHY LLP recently conducted a survey among Texas business owners regarding their outlook for business in Texas. They found that Texas Business Owners do not expect an economic downturn to occur in 2013, and more than 40% foresee increased hiring and investment in their companies, according to the UHY LLP.
No Houston executives expect Africa expansion, cite fraud and corruption in UHY LLP-FEI survey; South America is number one expansion target
Join UHY LLP Houston, TX and FEI for a breakfast series on the Challenges of Foreign Expansion, a series of interactive panel discussions on the issues senior management of expanding companies should consider before venturing into foreign markets. Panelists will include experts in law, tax, operations, corporate compliance, and finance in a lively, one hour discussion with audience participation. No PowerPoint, just good dialogue!
UHY LLP’s Accounting Smackdown program for college accounting students was named the top “Maverick Marketing” campaign of 2012 in the Association for Accounting Marketing’s Achievement Awards (AAM) competition June 10th in Las Vegas.
Ron Martin has been named Chief Executive Officer of UHY Advisors-TX, LLC, effective July 1, 2013, the professional services firm announced today.
Forty percent of senior managers at Houston companies say tax and financing problems sting the most when they operate in markets outside the U.S., a new survey shows.
Texas business owners do not expect an economic downturn to occur in 2013, and more than four-in-ten foresee increased hiring and investment in their companies, according to UHY LLP.
What does an award won not far from the Strait of Gibraltar in southern Spain translate into for an audit senior manager in a Greenway Plaza office?
The Texas Comptroller of Public Accounts has announced a new amnesty period for any tax that is administered by her office. Dubbed Project Fresh Start, the amnesty applies to such taxes as franchise tax, sales and use tax, motor fuels tax, alcohol beverage tax, and severance tax. The Public Utility Gross Receipts Tax is not included in the amnesty. The program applies to all tax periods for which the original tax return was due before April 1, 2012.
The indictment of several Texas Southern University officials for using $1.9 million in public funds for personal expenses provides a valuable lesson that many public companies have already learned: Internal controls can result in more effective management, not to mention fewer negative headlines and the erosion of reputation.