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Recent court decisions and the Internal Revenue Service (IRS) Chief Counsel Memorandum (CCM) reinforce the need to keep accurate records and adequately disclose all charitable contributions as well as gifts made to others.

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The IRS announced that affected taxpayers in Michigan who were impacted by storms that occurred beginning June 22 may qualify for tax relief. Individuals who reside or have a business in Bay, Gladwin, Isabella, and Midland counties, and the Saginaw Chippewa Tribe within Isabella County should determine if they meet the guidelines for the relief.

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The Internal Revenue Service has recently announced the launch of country-by-country (CbC) reporting pages on irs.gov which will provide background information on CbC reporting, frequently asked questions and other helpful resources, including a list of jurisdictions that have concluded competent authority arrangements with the United States.

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UHY LLP, certified public accountants, a leading national professional services firm, is pleased to announce the opening of its fourth Michigan office in Ann Arbor.

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UHY LLP, certified public accountants, with 380 employees in Oakland and Macomb counties, is opening its fourth Michigan office in Ann Arbor. UHY’s first Washtenaw County office will be open for business in a newly renovated suite on East Eisenhower Parkway just minutes away from University of Michigan’s main campus and the Big House.

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In 2015, the PATH Act (Protecting Americans from Tax Hikes Act) was passed. Starting in 2016, the PATH Act was enacted which extended additional benefits to business owners.

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Hackers successfully acquired access to 143 million individuals' Social Security number, driver's license numbers, and credit card numbers. Equifax's breach affects nearly half of the U.S. population.

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Hackers are increasingly targeting companies at an alarming rate. It only takes one click to bring the services of a company to a halt. Most believe that having the best firewalls in place will mitigate this risk, but in reality their most vulnerable firewall is the human firewall. Security training and awareness most be continuous to keep up with ever-evolving threats. Especially since hackers are always one day ahead of the firewalls that protect you.

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Please beware of potential scams when looking and applying for jobs.

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Josh Kirkbride, partner of UHY LLP certified public accountants, and longtime supporter of the P.C.U.P.S (Prostate Cancer Understanding Prevention Screenings) Foundation has been voted in as its newest board member.

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