UHY Advisors broad network allows our team to keep their pulse on the labor market and remain current on market trends. UHY provides our clients with the top talent they often cannot access with standard corporate job postings. Our breadth of industry knowledge and experienced individuals provides us with the ability to qualify passive candidates and reduce the number of candidates and time our clients must invest to make that right hire.
Scope of service: Financial Projects, Staffing of Verification Projects, Operational Services, Business Process Outsourcing (BPO), Tax Services, Technology – Management, Network Infrastructure, ERP, and Development
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in. The first is the Institute for Supply Management’s Purchasing Manager’s Index and the second is the Federal Reserve’s Capacity Utilization Index for motor vehicles and parts. A reading above 50 percent for the ISM index indicates that manufacturing is expanding in the US, and below 50 means that it is contracting. History shows that each time since 1983 that the index fell below 43 percent “speculative grade” automotive companies began to panic. Similarly any time the Fed’s utilization rate dropped below 72 percent during that period, it caused stress to automotive companies.
A large majority of manufacturers in the United States are considered small, whether a lower middle-market firm or a true small business. In 2015, there were 251,774 firms in the manufacturing sector, with roughly 74% of the firms having 20 or less employees and 98.5% of the firms having less than 500 employees.
On June 21, 2018, in a five to four majority decision deciding the case of South Dakota v. Wayfair, the US Supreme Court overturned 50 years of precedent. Businesses now face a new landscape for sales and use tax with the decision significantly expanding the authority states have to impose transaction taxes upon out of state companies of all types.
A recent article written by Scott Miller, Partner and Leader of the National Petroleum Practice, “What the New Section 199(A) Proposed Regulations May Mean For You,” was featured in the winter 2019 edition of MPA Marketer Magazine. To view the full article, click here.
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in. The first is the Institute for Supply Management’s Purchasing Manager’s Index and the second is the Federal Reserve’s Capacity Utilization Index for motor vehicles and parts.