Starting April 1, the State of Michigan is set to begin strict enforcement of many of the new requirements for cannabis owners and operators. If you are considering investing, or starting a business in the cannabis market, we have a dedicated team that can help you navigate this ever changing landscape. Call 248 355 1040.
Qualified Opportunity Zones were established as part of tax reform, and they allow investors to defer or minimize tax on a capital gain by investing in a fund or zone investment. Assuming a taxpayer sells a stock and recognizes a $200,000 gain, investing that gain in a qualified investment within 180 days, coupled with a tax return election, will allow for deferral of the payment of tax until the earlier of the date the zone investment is sold or Dec. 31, 2026.
Senator Sylvia Santana has introduced a bill that aims to add females to the boards of publicly held companies. The bill would require a minimum number of female board members of publicly held corporations, and would apply to both domestic and foreign corporations with principal executive offices in Michigan.
UHY Advisors Michigan, Inc., announced the appointment of four new managing directors: Michelle Felmlee, Brent Jones, Chad Kime and Todd Tigges. A fifth person from Missouri also made managing director, Jill Starrs.
Over the past few years, Detroit has seen a building boom in an effort to rebuild the city to its former glory. In November; Bedrock, Barton Malow Company and Turner Construction hosted the Ready.Set.Build! Construction Career Expo at Detroit’s Cobo Center. Types of trades at the expo included plumbers, pipefitters, electricians, welders, and many more. The Ready. Set. Build! expo gave job seekers hands-on approaches to learning trades with virtual simulators and participation in live demonstrations.
The Windsor-Detroit Bridge Authority (WDBA) has finally selected Bridging North America (BNA) to design, build, finance, operate and maintain the second Detroit-Windsor Bridge named after Detroit Red Wing Legend, Gordie Howe. The procurement process began in July 2015 and was announced in September 2018. The construction of the bridge has been valued at a fixed-priced contract value of $5.7 billion and will take approximately 74 months to complete, with an anticipated service date at the end of 2024.
2018 continued to generate a robust level of M&A activity in North America and Europe with over 15 thousand transactions completed through September representing over $2.4 trillion of deal value, according to Pitchbook, while valuation multiples rose slightly and remain above 9.0x.
On Thanksgiving morning as many of us prepared turkey and green bean casserole, 11 Distinguished Clowns represented UHY LLP in the 92nd Annual America's Thanksgiving Parade! This was the firm's fifth year sponsoring the Distinguished Clown Corps and participating in one of the most storied and important civic events for the city of Detroit.
Bernard Fay and Tony Frabotta featured on the Paul W Smith Show
Roberto Macho, Steve McCarty and Dennis Petri featured on the Paul W. Smith Show