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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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Recently, FASB issued ASU No. 2017-11, which changed the accounting for down round features and indefinite deferrals.

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2018 inflation-adjusted figures for contributions to HSAs have been released by the IRS.

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According to digital security provider Gemalto, despite the increasing number of data breaches and nearly 1.4 billion data records being lost or stolen in 2016, the vast majority of IT professionals still believe perimeter security is effective at keeping unauthorized users out of their networks. However, companies are underinvesting in technology that adequately protects their business, according to the findings of the fourth annual Data Security Confidence Index Survey.

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UHY welcomes Donna Frye, director of transfer pricing to our international tax services practice.

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A major change is on the horizon to how partnerships and LLCs are taxed and the relationships they have with their current and former partners. When the new audit regulations of the Bipartisan Budget Act of 2015 (the BBA rules) take effect Jan. 1, 2018, it will be the first time ever in the history of audits that a tax could apply to a partnership or LLC.

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According to UHY partner Christopher Byrne, the Internal Revenue Code provides that, in general, income from the sale of personal property is sourced based on the residence of the seller. Therefore a sale of personal property by a US resident is sourced in the United States, while such property sold by a non-resident of the United States is treated, for US tax purposes as sold outside the US.

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