From strategic planning to compliance, the state and local tax (SALT) services professionals at UHY Advisors have the experience and resources to improve your overall state and local tax position. We offer a variety of services that provide solutions to today’s complex challenges including services for state income and franchise taxes, transaction taxes, property taxes, credits and incentives, and unclaimed property.
We believe in offering the highest quality of personal service. Our professionals provide the personal attention and focus to help you understanding how individual decisions could affect your company's overall tax issues. We take the time to build a productive relationship to understand your challenges and provide the most effective solutions.
State and local tax issues require a special combination of knowledge, competencies, and experience which is why our national state and local tax professionals are fully dedicated to this specialty.
Some of our specific services include:
Employers in California and the US Virgin Islands are the only jurisdictions subject to credit reduction for the 2016 tax year due to failure to pay off federal UI loans by Nov. 10, 2016. Employers in these jurisdictions face a 2016 federal unemployment tax that is 1.8 percent higher than employers not in credit reduction states.
Michigan is again offering reimbursement for specified costs related to training new and current employees. The Skilled Trades Training Fund (STTF) is used for short term training (3 months or less, unless an apprenticeship). This applies to ALL employers with a presence in Michigan; it is not industry specific. The employer must be in compliance with all federal and state tax obligations and willing to participate with the program's guidelines.
This is a reminder that the Form 5278, Essential Services Assessment (ESA), must be certified (approved) and paid by August 15. Taxpayers have been mailed notifications reminding them to complete the process via the MTO System (Michigan Treasury Online). Payment must be made online. No invoices pertaining to the ESA are being mailed to taxpayers.
The Michigan Department of Treasury has recently issued guidance that has eliminated the requirement that flow-through entities (e.g., a partnership, S Corporation, or limited liability company) withhold income tax on a member's distributive share of income for tax years that begin on or after July 1, 2016. The new bill discontinues the flow-through entity's obligation to withhold taxes for their individual nonresident members, corporate members, and other flow-through entities.
Various states offer tax amnesty programs throughout the year. The programs allow the taxpayer to file delinquent returns and waive penalties associated with late filings. The programs also limit the look-back period for outstanding tax returns. Taxpayers who believe they may have delinquent tax exposure should consider participating in the amnesty programs to limit their tax liability. Massachusetts and Alabama are now offering tax amnesty programs.