Client need: Our client's downstream tax department moved to Houston, which created a need for strong Senior Tax Accountants with oil and gas experience.
UHY Advisors' Solution: We immediately tapped into our extensive network of candidates and within a week, came up with the perfect match. Our client knew right away that this particular candidate was a good fit and made an offer that day. Two weeks later, the candidate came on board, less than 15 days since the start of the search.
Case Study: Executive Search for E&P Finance Director and CFO
Client Need: Our client, an exploration and production company, came to us seeking a hands-on Finance Director & CFO who would be responsible for financial reporting, treasury and administrative functions for its Latin America operations. The company requested a CPA, fluent in Spanish, with energy industry experience. In addition, public accounting and SEC regulatory filing experience was preferred.
UHY Advisors' Solution: Our firm immediately located a CPA who not only spent time working in Latin America and spoke Spanish fluently, but also had many year of experience working with an exploration and production company. After two interviews, the candidate was hired.
Case Study: Full time placement for Oil & Gas transportation and storage company
Client Need: Our client, an oil and gas transportation and storage company, needed to fill a position for a Senior Accountant who would be responsible for general accounting and financial reporting. The client requested a CPA with JD Edwards experience.
UHY Advisors' Solution: We located a qualified CPA, well-versed in JD Edwards, who became the go-to resource for the company's accounting software.
The word disruption historically has negative connotations associated with it. The specific definition stated by the Cambridge English Dictionary is to prevent something, especially a system, process or event, from continuing as usual or as expected. People are creatures of habit and would really prefer for things to stay the same. Disruption makes us uncomfortable. In layman’s terms, a disruption is a break from the status quo.
Adapting to change today is inevitable as economic stasis is not an option. The concept of resilience, the capability to nimbly adapt to and or drive change, and recover from difficulty, has emerged as a critical characteristic of complex systems in business enterprises. Change not only creates threats to business continuity it also creates opportunities for business value creation. When change occurs so too must business process innovations.
Manufacturing companies that have equipment subject to the Michigan Essential Services Assessment (ESA) are required to certify through the Michigan Treasury Online website that the essential services tax liability is correct before the ESA can be paid.
In 2015, the Financial Accounting Standards Board issued Accounting Standards Update Simplifying the Measurement of Inventory (ASU 2015-11). This standard simplifies the subsequent measurement of inventory by replacing the "lower of cost or market" test with a new "lower of cost and net realizable value test." However, entities that use the LIFO or retail inventory methods, will continue applying their current impairment models.
2016 brought significant changes to personal property tax filing in Michigan.