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Crain’s Detroit Business in Partnership with the Association for Corporate Growth Names UHY Advisors as a Finalist for Dealmaker Adviser of 2011

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The last part of February 2012 and March 2012 was a busy time for both Congress and the Obama Administration. On the tax reform front, President Obama led off with his plan for business tax reform. The House Republicans, on March 20, 2012, countered with their own Fiscal Year 2013 budget blueprint ("The Path to Prosperity") which, among other things, proposed a dramatically simpler income tax code including the repeal of the often-patched alternative minimum tax. The next day, Representative Eric Cantor (R-VA) dropped his own tax reform bombshell by introducing legislation that would allow businesses with fewer than 500 employees to deduct 20% of their active business income (subject to certain limitations) in computing their "taxable income".

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Listen to Tony Frabotta by clicking here.

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Feb 28
In The News

Reporting on a decision by the Permanent Court of Arbitration at The Hague that it has jurisdiction in a case involving environmental damage suits filed against Chevron by plaintiffs lawyers representing residents of Ecuador's Amazon region, WSJ reporter Isabel Ordonez wrote:

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Please join us for this quick hitting lunch hour geared towards PEO business owners, chief executives and chief financial officers. Topics will include PEO benchmarking, hot tax topics and a financial accounting update. The webinar will conclude with an open discussion.

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Webinar will focus on data center audit standards and assessments

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The Hiring Incentives to Restore Employment (“HIRE”) Act, signed into law in 2010, included modified provisions of the previously proposed Foreign Account Tax Compliance Act of 2009 (“FATCA”). These provisions involve two broad categories of tax compliance: reporting by foreign financial institutions on accounts held by U.S. persons, and reporting by U.S. individuals on specified foreign financial assets. It is the latter category that led to the new Form 8938 Statement of Specified Foreign Financial Assets, to be filed in 2012 as part of an individual’s 2011 federal income tax return.

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Listen to WDUN's interview with LeighAnn Costley about how to make your tax burden lighter for the New Year.

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Dan Frost's business represents, in many ways, the ups and downs of the local car dealership community. 

Workplace ethics need to make a comeback. Considering such landmark scandals as Enron, the Bernie Madoff Ponzi scheme and the Merrill Lynch bonus bust; coupled with recent allegations against Bank of America’s former CEO and CFO for misleading investors about Merrill Lynch prior to acquiring the Wall Street bank in early 2009[1]; and reports that point to credit card abuse at all levels of our government[2], ethics in America continue to be called into question. The gap between proclaimed business values and practiced business values is wide, and it’s time to bring the two back together.

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