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The Internal Revenue Service (“IRS”) and the Department of Labor (“DOL”) continue to issue guidance to employers regarding those provisions of the Patient Protection and Affordable Care Act of 2010 (“ACA”) which are scheduled to become effective for 2013 and 2014.

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By enacting the American Taxpayer Relief Act of 2012, Congress managed to avert, at the last minute, the "Fiscal Cliff". Unfortunately, this legislation left many issues unresolved. 

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As the United States was leaning over the edge of the "Fiscal Cliff", the Senate and the House passed the American Taxpayer Relief Act of 2012 (H.R. 8) on January 1, 2013, with President Obama signing the legislation into law on January 2, 2013.

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As we get closer to January 1, 2013 and the looming "Fiscal Cliff", Congress and President Obama are stepping up their negotiations in an attempt to reach some sort of agreement. As of the date of this article, there is still no agreement. However, Congress has already decided to work through the week of December 17 in an effort to hammer out an agreement on the pressing tax and spending issues.

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Managing Director Frank Fenello’s interview on the implications of the Fiscal Cliff on WSB radio in Atlanta.

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 UHY Advisors’ Managing Director Frank Fenello was recently interviewed by Rob Stadler on Star94 in Atlanta, and provided some clarity about the realities of the fiscal cliff and what it could mean for individuals and businesses in the near future.

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categoryTax

UHY LLP, a leading certified public accounting firm, is hosting its annual Tax forum at the MSU Management Education Center in Troy on Wednesday, December 5. This complimentary half-day program addresses the latest tax laws, trends and developments impacting both individuals and businesses. CPE credit will be offered.

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 UHY LLP, a leading certified public accounting firm, is hosting its annual Accounting & Regulatory Update at the MSU Management Education Center in Troy on Wednesday, December 5. This complimentary full-day program is geared towards CFO’s, audit committee members and chairs, to learn more about the latest accounting, regulatory, legal and SEC updates. CPE credit will be offered, including an hour of ethics.

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President Obama's re-election signals the likelihood of up-coming difficult negotiations between Democrats and Republicans over (1) the fate of the Bush-era tax cuts, (2) nearly $100 billion in automatic spending cuts for the Government's fiscal year beginning October 1, 2013, and (3) whether a long list of recently enacted, but now expiring tax benefits and exclusions, including the AMT patch for 2012 and beyond, will be extended again. 

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 UHY, the international accounting and consultancy network, of which our firm UHY LLP has been a member since 2001, has launched a radical update of their international branding and online presence, to ensure that it is instantly recognizable to clients and business partners wherever they are in the world.

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