In today’s ever changing world, UHY Advisors assists clients in managing complex tax issues by combining deep technical knowledge and a practical real world perspective. We seek an understanding of each client’s needs. We believe our experience, expertise and dedication sets us apart and makes us the top firm of choice.
Our dedicated team of experienced professionals is constantly evaluating opportunities to propel incremental growth and offer value-added solutions. We provide insightful tax planning and compliance services to reduce your tax burdens. Whether you are concerned about your business, personal or estate taxes, our firm offers specialized service offerings suited to your specific needs.
There have been a lot of questions lately surrounding the 1095 reporting requirements for the 2016 reporting period. Read more to review some bullet points from frequently asked questions.
Although the end of the year is quickly approaching, there is still time to implement some tax strategies that can improve your tax circumstances for 2016 and beyond.
As employers move into their second year of reporting under the Affordable Care Act (ACA), the IRS has extended penalty relief and the due dates for ACA information reporting. Employers with 50 or more full-time employees will now have until March 2, 2017 (instead of Jan. 31, 2017) to issue their 2016 Form 1095-B or 1095-C to their employees and covered individuals. This extension does NOT apply to the employer reporting to the IRS with Form 1094 transmittal, which will remain at February 28 (March 31 if filing electronically).
After the most significant election in our nation's history, the votes are in and Republican nominee, Donald Trump has been elected to become the 45th president of the United States. President-elect Trump's tax plan looks to reduce taxes across the board, including making the business tax rate more competitive and creating new opportunities to grow our economy. Before any proposed changes can be made, they must be approved by Congress.
Every year the IRS will announce annual inflation adjustments on various tax provisions and rates.