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UHY Advisors and UHY LLP (“UHY”) today announced that they will expand their presence in the Northeast region with the merger of the professional services firm Pattison, Koskey, Howe and Bucci, CPAs (“PKHB”), located in the Hudson Valley of New York State.

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Please Join Us! 13th Annual Dan McCarty Memorial Texas Hold'em Thursday, February 13, 2020 Petruzzello's, 6950 Rochester Road Troy, MI 48085

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Under the Tax Cuts and Jobs Act, which took effect in 2018, personal exemptions were eliminated in the computation of individual income tax.

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The IRS issued Notice 2020-5, updating optional standard mileage rates for business use of a vehicle.

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Several provisioning centers and two grow operations in Detroit have filed lawsuits against the state office of Licensing and Regulatory Affairs, Executive Director Andrew Brisbo and the city of Detroit in the Ingham County Court of Claims.

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The President signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act on Dec. 20, 2019. The goal of this bill was to help simplify some retirement plan rules, and make it easier for companies to implement one. While the SECURE Act provides many benefits it also comes at great costs for many.

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Does your business own personal property (i.e. equipment, furniture, computers, etc.)? If so, you may owe property taxes on these assets, and the filing deadline for Michigan is February 20.

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On December 20, 2019 the “Parking Tax” was retroactively repealed when the new Taxpayer Certainty and Disaster Tax Relief Act was signed into law. 

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Work Opportunity Tax Credit Extension The legislation extends the WOTC for one year, through Dec. 31, 2020.

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Not-for-profit (NFP) accounting is a unique and often challenging environment that requires specialized knowledge and experience. While having this knowledge is key to successfully managing the accounting and financial reporting of an NFP, we also recognize that many NFPs rely on outside guidance for some of this knowledge.

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