For more than 50 years, the firm has served clients in the Capital Region including Schenectady, Hudson, Troy and Saratoga Springs. We continue to offer accessibility and personal attention which are traits characteristic of a small firm but with global reach. UHY LLP is the top CPA firm in the Capital Region ranked by a number of full-time CPAs, according to the latest Business Review list.
While government, higher education and not-for-profits have been mainstays, family-held businesses, manufacturers, service providers and many other sectors comprise the backbone of our industry capabilities in the area.
The effective date of the new lease accounting standard, Accounting Standard Update (ASU) No. 2016-02, Leases (Topic 842), is quickly approaching with an effective date for fiscal years ending after Dec. 15, 2018 and Dec. 15, 2019 for public and non-public companies respectively. ASU 2016-02 is the first major change in lease accounting in over 30 years following the issuance of Statement of Financial Accounting Standards (SFAS) No. 13 in 1976 . Working towards convergence with International Financial Reporting Standards (IFRS) and generally accepted accounting principles (GAAP), and greater transparency are a couple of the major driving forces behind the new standard.
Recent court decisions and the Internal Revenue Service (IRS) Chief Counsel Memorandum (CCM) reinforce the need to keep accurate records and adequately disclose all charitable contributions as well as gifts made to others.
The IRS announced that affected taxpayers in Michigan who were impacted by storms that occurred beginning June 22 may qualify for tax relief. Individuals who reside or have a business in Bay, Gladwin, Isabella, and Midland counties, and the Saginaw Chippewa Tribe within Isabella County should determine if they meet the guidelines for the relief.
The Internal Revenue Service has recently announced the launch of country-by-country (CbC) reporting pages on irs.gov which will provide background information on CbC reporting, frequently asked questions and other helpful resources, including a list of jurisdictions that have concluded competent authority arrangements with the United States.
UHY LLP, certified public accountants, a leading national professional services firm, is pleased to announce the opening of its fourth Michigan office in Ann Arbor.
4 Tower Place, Executive Park
Albany, NY 12203