June 26, 2012 – UHY Advisors' principal David Barton talks with WSB Radio's Pete Combs about data mining and online marketing in relation to the news that Orbitz directs users on Macs to higher-pricing hotels than PC users.
May 2012 was relatively quiet on the Tax front. There were, however, some important developments worth noting, specifically regarding (1) the new health care law, (2) distributions from IRAs, (3) the new 3.8% Medicare Tax, (4) the Republicans stated intention of extending for at least another year the “Bush Tax Cuts, and (5) proposed legislation restricting the ability of states to subject non-residents to their state income tax:
Please join us for this quick hitting lunch hour geared towards petroleum and c-store business owners, chief executives and chief financial officers. Tune in as our experts address current trends in M&A activity affecting the industry and you. Webinar will conclude with an open discussion.
UHY Advisors Taps Beth Bissell as Marketing Manager for Atlanta Office
UHY strengthens presence in EMEA as firm in Tunisia joins the network
Increase in Business Startups Over 40 Times
Faster in BRIC Countries Than Other Nations,
April 2012 saw a dramatic decline in any meaningful discussion of fundamental tax reform. Congress was nevertheless active in attempting to enact incremental tax law changes. First up were efforts to curtail various tax breaks now enjoyed by the oil industry. Next on the Congressional agenda was consideration of Representative Eric Cantor's (R-VA) "Small Business Tax Cut Act," discussed in last month's Newsletter. This legislation would give certain small businesses a tax deduction of up to 20% of the business' active income. The Senate's Democrats countered with their own small business tax cut bill, the "Small Business Jobs and Tax Relief Act of 2012." And, Democrats in the Senate are trying to advance President Obama's "Buffett Rule" through the "Paying A Fair Share Act" (S. 2230).
Crain’s Detroit Business in Partnership with the Association for Corporate Growth Names UHY Advisors as a Finalist for Dealmaker Adviser of 2011
The last part of February 2012 and March 2012 was a busy time for both Congress and the Obama Administration. On the tax reform front, President Obama led off with his plan for business tax reform. The House Republicans, on March 20, 2012, countered with their own Fiscal Year 2013 budget blueprint ("The Path to Prosperity") which, among other things, proposed a dramatically simpler income tax code including the repeal of the often-patched alternative minimum tax. The next day, Representative Eric Cantor (R-VA) dropped his own tax reform bombshell by introducing legislation that would allow businesses with fewer than 500 employees to deduct 20% of their active business income (subject to certain limitations) in computing their "taxable income".
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