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Rick David, Chief Operating Officer at UHY Advisors, Inc., was honored by the American Arab Professionals Network (AAPN) of the American Arab Chamber of Commerce as the 2013 American Arab Professional of the Year in Finance Award at their Eighth Annual Celebrating Success Banquet on Wednesday, May 15, 2012 at the Bint Jebail Cultural Center in Dearborn, MI. David was recognized for his outstanding accomplishments in Finance.

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Sam Aziz has been brought on as a Manager at the UHY Advisors' Atlanta-based Southeast office, with the goal to assist in beefing up its Internal Audit, Risk and Compliance Practice. Aziz brings extensive audit, controls and information security experience to the firm, and will help UHY mitigate clients’ risk and help them improve their organizational processes. Aziz spoke to Consulting One on One about the challenges his clients are facing and why UHY is poised to meet their changing demands and needs.

On April 10, 2013, President Obama released his 2014 Fiscal Year "Budget Proposal" (i.e., for the federal government's Fiscal Year beginning October 1, 2013 and ending September 30, 2014). According to the White House, the Budget Proposal should achieve a $1.8 trillion deficit reduction. 

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UHY LLP is proud to have been a sponsor for Winning Future’s Opening Day Party to Benefit Student Mentoring and RARE Everyday Scholarship Program. 

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Between the last three quarters of 2012 and first quarter of 2013, UHY LLP's Michigan offices added 41 employees to their team and its growth is far from over. This top accounting firm is always scouting seasoned financial professionals who seek to take charge of their careers.

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UHY LLP, a leading national certified public accounting firm, recently announced a series of promotions; one senior manager, seven managers, three senior accountants, ten senior staff accountants and one client service associate.

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Now that the Budget Sequester brouhaha is behind us, Congress and President Obama are rattling their tax reform sabers. And, if that is not enough to get the attention of taxpayers, the U.S. Tax Court recently issued two decisions in favor of the IRS's denial of a federal income tax charitable deduction solely because of a charity's failure to technically comply with the requirements on substantiating a charitable contribution. These developments and more are summarized below.  

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The decision by the Sixth Circuit Court of Appeals in Quality Stores, Inc., et al., 110 AFTR 2d 2012-5827 (6th Cir., 2012), has opened the door to file a claim for refund for employers who have paid and withheld FICA taxes on "supplemental unemployment compensation benefits" ("SUB") which are a type of severance payments made as a result of an employee's involuntary separation.

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With the Budget Sequester still set to take effect on March 1, 2013, unless Congress acts to again "kick it down the road", both Republicans and Democrats are trying to position themselves as the voice of reason. 

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Since the enactment of the Economic Growth and Tax Relief and Reconciliation Act of 2001 ("EGTRRA") up until the enactment in December 2012 of the American Taxpayer Relief Act of 2012 ("ATRA"), estate planners have had to plan around tax provisions that were expressly stated to be temporary in nature. ATRA has now provided rules governing the estate tax, the gift tax, and the generation skipping transfer tax ("transfer taxes") that are,  at least according to ATRA, permanent (i.e., not subject to "sunsetting" at some fixed date in the future). 

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