The change in administrations in Washington has generated a new focus on tax reform. The White House and lawmakers from both parties have discussed tax cuts, infrastructure spending, and more to encourage economic growth. However, the details of their plans have yet to be revealed. Tax reform legislation may be unveiled in February.
Have you set a goal for your company this year?
If you’re like most business owners, you’re striving for an increase in your annual sales. It’s natural to want your company to be bigger because that’s what everyone around us seems to celebrate.
The 2017 tax filing season launched on January 23. The IRS predicted a few speedbumps for taxpayers, especially for taxpayers who file early in anticipation of early refunds. The agency expects to receive more than 150 million individual income tax returns. The vast majority of individual income tax returns will be filed electronically and the IRS has extra safeguards in place to protect taxpayers from cybercrime.
UHY Advisors, Inc. (“UHY Advisors”) announces their return to the Texas market and the opening of a new office. Consultants from Berkeley Research Group, led by Norman Comstock (a former UHY managing director) and David Phillips, have joined UHY to focus on providing cybersecurity and related technology advisory services to a national client base.
First-time business sellers often must negotiate an M&A deal with far more experienced buyers. If your buyer already has several acquisitions under its belt, you could be at a competitive disadvantage. Experienced M&A advisors, who can fight on your behalf for the best price and deal terms, are essential to overcoming this strategic disadvantage.
Team collaboration applications such as Slack and Unify Circuit can make life easier for enterprises. But for some organizations, the risk might not be worth the reward.
Interns and staff accountants from UHY LLP’s Michigan practice stepped away from the office for a day during busy season and visited students from Burton International Academy in Detroit to learn about the art history of Mexico and tap into the students’ creative minds
National Taxpayer Advocate Nina Olson, in a recent report to Congress, urged the IRS to change its culture from one that is enforcement-oriented to one that is service-oriented. Such a change, Olson provided, would create an environment that encourages taxpayer trust and confidence. In the report, Olson also highlighted key areas for tax simplification and the top-10 most litigated tax issues.
The IRS has rules that limit the deductibility of expenses and losses from a hobby or activity not engaged in for profit. If the IRS determines that an activity is not profit-driven, deductions from the activity are limited to the amount of income the activity generates. Losses from such activities cannot be used to offset other income, such as salary or investments.
Are enterprises more or less secure than 5 years ago? That’s the big question of the moment, especially with ongoing revelations about state-sponsored hacking, as well as an unending stream of reports about customer and employee data being compromised by even the most seemingly security-conscious organizations. Awareness of data security is running at a fever pitch at the highest levels of government and business organizations. There have been plenty of technology advances, and awareness has grown. Still, the wave of breaches and threats never seems to abate, and likely never will.
Hosted at UHY LLP
Tuesday November 7 2017 | 7:00AM—9:30AM
Hosted at Albany Institute of History & Art |
Tuesday October 31 2017 | 8:00AM—10:00AM
Hosted at the Detroit Athletic Club
Thursday October 26 2017 | 7:30AM—11:30AM
Hosted at Hilton Albany |
Wednesday September 27 2017 | 7:30AM—9:30AM
Loyola University Maryland - Columbia Graduate Center
Tuesday, September 27 2017 | 8:00AM - 10:30AM