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Tax

Minimize Tax Liability, Innovate Your Tax Strategy

Whether business or personal, our substantial industry experience and invaluable insights empower you to take control of your taxes. We offer an array of strategic tax solutions that can help minimize tax liability in a complicated tax environment.

With resources at the state, national, and international level, our experienced tax professionals anticipate the next move to address current and ever-changing legal and regulatory requirements that may impact our clients.

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What Do Our Clients Think?

Reducing the Tax Burdens of Small Businesses

Reducing the Tax Burdens of Small Businesses

I was spending too much time working in the business and not enough time working on the business, and we needed to make a change. Our UHY team is a true business partner that has been both proactive and responsive in managing our accounting and tax issues. UHY was a valued advisor helping us navigate through the Paycheck Protection Program and the TCJA to help us save as many tax dollars as possible. For a small business that doesn’t have an in-house accounting team, UHY has been an extension of our team and has allowed me to focus on running my business.

– Nate Johns, Partner, Element H

Setting Up for Success Through Leadership Collaboration

Setting Up for Success Through Leadership Collaboration

UHY has a strong understanding of our business that helps us plan for the future. As our business continues to evolve, our engagement team’s knowledge and informed thinking has helped us think strategically. UHY meets with our executive team throughout the year to review our tax planning strategies, which allows us to map out the year ahead. It is so refreshing to work with a team that is a joy to work with, and where we are all on the same page.

– Chris LaJoy, Owner, LaJoy Group, Inc.

Dependable Service that Adapts to Business Challenges

Dependable Service that Adapts to Business Challenges

UHY has provided Sterling Corporation and The Markow Companies with outstanding service since 1995, supporting our tax planning, acquisition efforts, and both personal and corporate tax return preparation. They played a crucial role in the growth of our Sterling Office Services Division and have since become an essential partner, especially during acquisitions. Their support was invaluable during COVID, guiding us through complex challenges, and we are deeply grateful for their knowledge. We look forward to many more years of partnership with UHY.

– Dan Markow, Chief Executive Officer & President, Sterling Corporation

Specialized Tax Services

Combining value-added knowledge and expertise with our personalized attention and individualized strategies, we work directly with you to customize the most effective solutions for your business at the individual, state and local, federal, and international levels.

Our tax practice includes a diverse group of professionals, each with a unique technical skill set within different areas of tax. We can call upon industry leaders specializing in niche sectors of tax compliance, with a thorough understanding of those sectors. We can call upon industry leaders in complex tax segments like, cost segregation, research and development credits, and transfer pricing.

Start preparing for this year's taxes with our 2024/2025 tax guide.

 

Where We Can Help

Increase cash flow and reduce tax liability for your real estate assets by maximizing your depreciation expenses with our cost segregation specialists.

Federal Tax

Ensure your organization maximizes its tax deductions and credits with the help of our team’s deep tax specialization.

 

 

We’ll help ensure your organization maximizes tax deductions and credits and preserves capital so you can put those tax savings to work in your organization. Your dedicated team will provide all compliance-related services, including federal consolidated tax returns, state tax compliance and income tax reporting.

International Tax

Addressing the complexity of international taxation requires specialists with global resources to provide in-country services where your business operates.

Whether you’re an individual, family, or closely-held business, our integrated team of professionals develops strategies with you that manage and preserve your assets.

Identify and maximize the dollar-for-dollar R&D tax credit for your organization’s eligible activities and get support from our specialists to withstand IRS scrutiny.

Navigate the nuances of state and local taxes with our advisors, who have the knowledge to identify areas of exposure and improve your state and local tax standing.

Transfer Pricing

Transfer pricing is a crucial consideration for global companies subject to complex regulations over the pricing of controlled transactions within a multinational entity.

Establishing a sound transfer pricing strategy for your company is paramount to avoiding consequences, and it’s been named the single most important international tax issue.

Increase cash flow and reduce tax liability for your real estate assets by maximizing your depreciation expenses with our cost segregation specialists.

Federal Tax

Ensure your organization maximizes its tax deductions and credits with the help of our team’s deep tax specialization.

 

 

We’ll help ensure your organization maximizes tax deductions and credits and preserves capital so you can put those tax savings to work in your organization. Your dedicated team will provide all compliance-related services, including federal consolidated tax returns, state tax compliance and income tax reporting.

International Tax

Addressing the complexity of international taxation requires specialists with global resources to provide in-country services where your business operates.

Whether you’re an individual, family, or closely-held business, our integrated team of professionals develops strategies with you that manage and preserve your assets.

Identify and maximize the dollar-for-dollar R&D tax credit for your organization’s eligible activities and get support from our specialists to withstand IRS scrutiny.

Navigate the nuances of state and local taxes with our advisors, who have the knowledge to identify areas of exposure and improve your state and local tax standing.

Transfer Pricing

Transfer pricing is a crucial consideration for global companies subject to complex regulations over the pricing of controlled transactions within a multinational entity.

Establishing a sound transfer pricing strategy for your company is paramount to avoiding consequences, and it’s been named the single most important international tax issue.

Wealth Management Services

UHY Wealth Management was founded on the premise of bringing a unified client service model to our existing and prospective clients. By combining the resources of financial, tax and estate planning professionals, UHY Wealth Management aligns our services to meet your unique goals and objectives. We strive to exceed expectations in personal attention and individual service for our clients and their financial goals.

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Wealthy Clients Mostly Avoid New Taxes As Spending Bill Nears Finish Line

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Details on the CHIPS Act as It Moves to President for Signature

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R&D Tax Credits Can Save Your Business Hundreds of Thousands

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The Research and Development Tax Credit (R&D tax credit) is a dollar-for-dollar cash incentive for US-based businesses that experiment and create more efficient…

Changes in Sales Use and Excise Taxes in Iowa

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CT Child Tax Rebate Still Available

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While 90,000+ families have filed for the state’s new child tax rebate, many more Connecticut families are eligible for the funds.

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Virginia Enacts New Pass-Through Entity (PTE) Tax

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Virginia joins other states who have adopted state and local tax (SALT) workarounds to the $10,000 federal deduction limit on an individual’s federal…

SECURE 2.0 More Retirement Savings Changes Being Considered

04/19/22

In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation related to retirement savings…

Manufacturers Struggle with State Tax Nexus Compliance for Remote Workers

04/12/22

It’s been two years since COVID-19 forced many employees to work from home.

Top Tax Tips to Keep in Mind for Tax Season

03/09/22

Tax season is well under way, and Mark Welsh sat down with 47 ABC to share some of the top tax tips to keep in…

Legislative Challenges Create Complexity in Booking R&D Expenses

03/08/22

Research and development (R&D) tax deductions and credits have long held bipartisan political support in Congress and throughout the business and consulting world.

Pass Through Entity Taxation

03/07/22

Prior to the Tax Cuts and Jobs Act (TCJA) in 2017, individuals were able to claim a deduction on their federal income tax…

Transfer Pricing: The Overlooked Tax Strategy

02/24/22

According to our 2022 Middle Market Trends Survey 26% of respondents had not considered transfer pricing as a strategy and needed help with…

Michigan Afflicted Business Relief Grant Program Opens March 1

02/21/22

The Department of Treasury is administering a $409 million business grant relief program to help certain businesses that have experienced hardship due to…

Michigan Senate Approves Cuts to Income, Corporate Tax Rates

02/16/22

The reduced rates were part of a $2.5 billion annual tax cut that also includes a child tax credit and increased deductions for…

Considerations for Tax Season 2022

02/14/22

Partner Robert Lickwar talks about the anticipated delays with the IRS, the benefits of starting earlier, and switching from paper to e-filing returns…

Estate and Gift Tax Update for 2022

02/11/22

After much discussion in 2021 surrounding changes to estate planning opportunities, there were no changes made for the 2021 tax year.

Employee Retention Credit Refunds Further Delayed

02/03/22

According to the latest information from the IRS, amended Forms 941 that have already been filed should expect to see a refund somewhere…

Use Inflation as a Tax Advantage by Switching to LIFO

01/26/22

With inflation at record highs, switching inventory valuation methods from first-in, first-out (FIFO) to last‐in, first‐out (LIFO) could help mitigate the effects of…

Avoiding IRS Scams Amid Tax Season

01/17/22

The arrival of tax season also brings new tax-related scams, Mark Welshsat down with 47 ABC to share some tips on how to…

Investors Beware: Cryptocurrency Investments Carry Tax Liability

01/04/22

Many Americans, led by Millennials and Gen Z, are venturing into the world of cryptocurrency trading, seeing it as a way to get…

Survey Says... Understanding Tax Reform Is Biggest Tax Challenge for Middle Market Businesses

01/04/22

According to the UHY 2022 Middle Market Trends Survey, middle market business owners say their three biggest tax challenges were understanding tax reform,…

Michigan Law Allows Tax Deduction for Gambling Losses

01/03/22

On December 27, 2021, Michigan Governor Gretchen Whitmer signed legislation allowing for the deduction of certain gambling losses for tax years starting in…

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