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2016 brought significant changes to personal property tax filing in Michigan.

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UHY Advisors, Inc. (“UHY Advisors”) today announced that they have acquired Byrne International LLC, effective January 2017. Christopher J. Byrne joins UHY as a Managing Director; and he has brought a team of four staff members with him. This merger, based out of UHY Advisors’ New York office, will greatly enhance the company’s ability to offer dynamic solutions and domain expertise for UHY’s international clientele.

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UHY Advisors, Inc. (“UHY Advisors”), one of the nation’s fastest growing professional services firms, announces the appointment of six new managing directors: Cynthia Hannafey, Stacey Massa, Pamela May, Keith Moore, Marian Shaw and Paul Truber.

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President-elect Donald Trump has promised to introduce a tax plan that includes estate tax repeal as a priority in his first 100 days, however several questions must be addressed before repeal becomes reality.

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Last summer, proposed changes to Section 2704 of the Internal Revenue Code appeared to be tightly constraining the benefits of certain transfers of family-controlled business assets by eviscerating discounts that might be available to such transfers. The proposed changes caused a visceral reaction within much of the accounting, financial planning and legal industries as it started a clock on implementing those strategies before a potential change.

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On UHY’s latest Cause & Affect radio show on Atlanta Business Radio, David Barton, Managing Director at UHY Advisors, covered the topic of protecting company data. Vice President of IST Management Services Daniel Blechinger joined me to address how to navigate IT security frameworks and reporting to best protect your company’s information.

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We are seeing the rise in identity theft, including in the unemployment benefits area. Unemployment identity theft not only causes inconvenience and loss of funds, it could result in wages being garnished, tax refunds being intercepted and more.

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The political uncertainty surrounding Donald Trump will likely have a significant impact on individual tax planning. It is still unclear how Trump’s tax plan will be implemented and whether it will be approved of by the House Republican leadership. Adding to tax preparation uncertainty are other unknown factors including the 2017 rate structure, the repeal of Obamacare and the impact on the net investment income tax (NIIT), and limitations on deductions dictated by the alternative minimum tax (AMT) including the possibility of its repeal in 2017.

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We welcome, SEC – Sociedade de Ensino e Consultoria, our new member firm in Mozambique, to the global accountancy network UHY, extending our coverage within the EMEA region.

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Although the end of the year is quickly approaching, there is still time to implement some tax strategies that can improve your tax circumstances for 2016 and beyond.

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