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to make sure all of their tax and accounting reporting is telling a consistent story with their transfer pricing. Otherwise, inconsistency could flag an IRS or foreign tax authority audit.

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The AICPA's Financial Reporting Executive Committee has released a working draft on Inventory Valuation guidance, which will be part of the upcoming release of its Business Combinations Accounting and Valuation Guide.

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UHY LLP and UHY Advisors (“UHY”) today announced they have expanded their operations in the Midwest with the addition of the professional services practice of McRuer & Associates, LLC (McRuer), located in Kansas City, Missouri.

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The IRS released its proposed regulations on November 23 to include the increased basic exclusion amount (BEA) per the Tax Cuts and Job Acts (TCJA).

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For anyone saving for retirement, you can now put away even more cash! The Internal Revenue Service recently announced the increased contribution limits adjusted annually for cost of living expenses.

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Bryan Ferris has joined UHY Advisors GA, Inc. (UHY) as a Senior Manager in the firm’s Management & Technology Consulting practice in Atlanta, GA which focuses on Business Process Optimization; Digital Transformation; Shared Services;, Post M & A Integration; and Portfolio, Program and Project Management (P3M). Bryan brings deep experience in change leadership, process re-engineering and transformation technology implementations.

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The Social Security Administration (SSA) increased the maximum amount of wages subject to Social Security tax to $132,900 for 2019 which is an increase of $4,500 from the 2018 amount of $128,400. Employees with wages of $132,900 or greater would pay in a maximum of $8,239.80 in 2019 and the employer would pay an equal amount.

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Amazon.com Inc. could qualify for additional tax breaks beyond the $1.5 billion included in a deal with New York for putting part of its second headquarters there.

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UHY announced that Steven McCarty has been elected chief executive officer (CEO), effective January 1, 2019. McCarty succeeds Tony Frabotta as CEO, with Frabotta assuming the role of chairman. McCarty led the firm’s Corporate Finance line of business and was the industry service leader for the Professional Employer Organization practice at UHY. He is a member of the firm’s Board of Directors and the Michigan Region Executive Committee.

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At a recent board meeting for Urban Harvest STL, one board member raised an interesting question, “What is the ideal percentage of the budget we should spend on salaries?” As with most questions like this, the answer is - It depends. In particular, it depends on the operating requirements and strategy of the organization. Some organizations are more labor intensive, while others may be more volunteer driven.

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