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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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Have you ever wondered if the way an agreement is titled would make a difference in when or how to recognize revenue? Not-for-profit (NFP) entities frequently have multiple types of revenue ranging from grant awards, contributions, contracts, sponsorships, cooperative agreements, fees, etc. Often times, a written agreement may even have multiple revenue components included in one contract.

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Bernard Fay and Tony Frabotta featured on the Paul W Smith Show

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Roberto Macho, Steve McCarty and Dennis Petri featured on the Paul W. Smith Show

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Tom Callan, Rick David and Rhys Madoc featured on the Paul W. Smith Show

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The Supreme Court's decision in South Dakota v. Wayfair will impact the way all companies will handle sales and use tax. In case you missed it, UHY Advisors hosted a webinar on how the Supreme Court's decision has significantly altered the standard to determine whether a company is required to collect and remit sales and use tax.

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The M&A market is experiencing steady growth in 2018 fueled by availability of capital, US economic conditions, and positive changes in the US tax law. According to Dykema's Mergers and Acquisitions Outlook Survey 2018/2019, 65 percent of respondents expect the M&A market to strengthen over the next twelve months.

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Congratulations to Ed Plawecki - General Counsel of UHY Advisors Michigan practice and director of government relations, on his appointment by the Governor of Michigan to serve an eight year term on the Central Michigan University Board of Trustees.

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UHY, the international accounting and consultancy network, has appointed the Chief Operating Officer of US member firm UHY Advisors, Inc., Rick David, as the new chairman of UHY.

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As part of the Tax Cuts and Jobs Act signed into law in December 2017, the new law grants a tax credit for 2018 and 2019 for employers that voluntarily offer paid family and medical leave.

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