For anyone saving for retirement, you can now put away even more cash! The Internal Revenue Service recently announced the increased contribution limits adjusted annually for cost of living expenses.
Bryan Ferris has joined UHY Advisors GA, Inc. (UHY) as a Senior Manager in the firm’s Management & Technology Consulting practice in Atlanta, GA which focuses on Business Process Optimization; Digital Transformation; Shared Services;, Post M & A Integration; and Portfolio, Program and Project Management (P3M). Bryan brings deep experience in change leadership, process re-engineering and transformation technology implementations.
The Social Security Administration (SSA) increased the maximum amount of wages subject to Social Security tax to $132,900 for 2019 which is an increase of $4,500 from the 2018 amount of $128,400. Employees with wages of $132,900 or greater would pay in a maximum of $8,239.80 in 2019 and the employer would pay an equal amount.
Amazon.com Inc. could qualify for additional tax breaks beyond the $1.5 billion included in a deal with New York for putting part of its second headquarters there.
UHY announced that Steven McCarty has been elected chief executive officer (CEO), effective January 1, 2019. McCarty succeeds Tony Frabotta as CEO, with Frabotta assuming the role of chairman. McCarty led the firm’s Corporate Finance line of business and was the industry service leader for the Professional Employer Organization practice at UHY. He is a member of the firm’s Board of Directors and the Michigan Region Executive Committee.
At a recent board meeting for Urban Harvest STL, one board member raised an interesting question, “What is the ideal percentage of the budget we should spend on salaries?” As with most questions like this, the answer is - It depends. In particular, it depends on the operating requirements and strategy of the organization. Some organizations are more labor intensive, while others may be more volunteer driven.
Have you ever wondered if the way an agreement is titled would make a difference in when or how to recognize revenue? Not-for-profit (NFP) entities frequently have multiple types of revenue ranging from grant awards, contributions, contracts, sponsorships, cooperative agreements, fees, etc. Often times, a written agreement may even have multiple revenue components included in one contract.
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
Tom Callan, Rick David and Rhys Madoc featured on the Paul W. Smith Show