As companies manage current cost structures and expand into new markets, UHY Advisors can be a powerful ally. We offer one of the broadest spectrums of tax planning and compliance services of firms our size. Many of our managing directors and principals bring Big Four and industry experience, and are adept in working closely with individuals and companies to assure they pay their “fair share” of taxes.
For closely held businesses, personal tax and corporate tax issues can be closely related; we have advised such companies and families on such issues for more than 40 years, in some cases over multiple generations.
UHY Advisors also brings unique industry experience and insight for larger corporations who face unique tax opportunities. And for companies with domestic or foreign expansion plans, our deep capabilities in State & Local Tax and International Tax can identify tax opportunities and provide planning services which can mitigate unexpected tax consequences before they occur.
The IRS issued Notice 2020-5, updating optional standard mileage rates for business use of a vehicle.
The President signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act on Dec. 20, 2019. The goal of this bill was to help simplify some retirement plan rules, and make it easier for companies to implement one. While the SECURE Act provides many benefits it also comes at great costs for many.
Does your business own personal property (i.e. equipment, furniture, computers, etc.)? If so, you may owe property taxes on these assets, and the filing deadline for Michigan is February 20.
The Social Security Administration (SSA) increased the maximum amount of wages subject to Social Security tax to $137,700 for 2020 which is an increase of $4,800 from the 2019 amount of $132,900.
The new version released in August contains a number of changes from previous trials after comments from tax professionals.
<span id="selection-marker-1" class="redactor-selection-marker"></span><span class="redactor-invisible-space"></span>Understanding IRS Tax Disputes