The UHY global real estate guide has been developed to provide property investors with information on rules and regulations from over 70 countries featured in the guide, covering areas such as real estate regulations (e.g. deduction of expenses and interests), tax rates (e.g. VAT, wealth tax and inheritance tax) and also touches on some tax planning techniques.
Prior to July 1, 2017 dental labs had been considered providers of a non-taxable service on the sale of prosthetic devices they manufactured and were not required to charge sales tax on the sales of the prosthetic devices (Michigan Letter Ruling 1985-20). Furthermore, the labs did not qualify for the "industrial processing exemption" and paid sales tax on the purchase of the materials to create the prosthetic device.
The Michigan Department of Treasury will be implementing a new tax return system for motor fuel taxes over the next several months. The goal is to establish a modern system to make filing returns easier and more efficient. In the meantime companies should continue to file returns using the current method until the new system is complete.
A Roth IRA can be an attractive investment over a traditional IRA in a couple of different ways: it gives taxpayers the opportunity to avoid tax on their IRA distributions and a Roth is not subject to required minimum distribution rules. When converting a traditional IRA to a Roth IRA, a taxable event occurs and taxpayers must pay tax on their conversion amount as if it were ordinary income.
With ever-growing globalization, wealthy families have taken the opportunity to live and maintain homes all across the world, including in the United States. One of the potential challenges facing such individuals is planning their estates in an effort to maximize tax efficiencies and to retain their hard-earned wealth.
Executing new ideas in a conventional way is one of the key missteps we have seen people repeat when they are operationalizing a resilient organization. Convention tells you that to change an organization’s performance you need to change the organization by bringing together functions, capabilities and supporting technologies.
The "Big Six" issued their "Unified Framework for Fixing Our Broken Tax Code". The framework is intended to give a template for the tax-writing committees to develop tax reform. The framework is also consistent with President Trump's four principles for tax reform.
Bank lending to the private sector in the US is just 14 percent higher in the last year than it was before the financial crisis – compared to a global average of 24 percent – hampering the return to economic growth, reveals a new study by UHY, the international accounting and consultancy network.
A new ransomware attack is underway world-wide, already targeting 20 million plus victims in the first few days. Here are the key facts to date: attack comes via email from Herbalife confirming an order or from a more generic "copier@______" address, email includes an attachment which when opened launches the ransomware, here may be as many as 8,000 variants of the email messages, no victims that have paid a ransom have received a decryption tool thus far
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.
Hosted at the MSU Management Education Center in Troy, MI
Wednesday December 6 2017 | 8:00AM–6:00PM