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Articles for category Ann Arbor, MI

Join us in welcoming Jeremy Falendysz, Director of UHY Advisors Corporate Finance. Falendysz brings more than 15 years of experience in investment banking, representing more than $60 billion in total transaction value.

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Michigan's new Motor Fuel tax processing system, "Michigan Automated Tax System" (MiMATS) will begin July 30, 2018. With the implementation of the new system, paper returns will no longer be accepted. The last date to file in the current system will be July 20, 2018.

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2018 Essential Services Assessment (ESA) statements have been generated and are now available to taxpayers via the Michigan Treasury Online (MTO). Statements are not transmitted or mailed to taxpayers. Through MTO, taxpayers can view the statement, view correspondence from Treasury, make changes to the statement, certify the statement, and pay the ESA liability.

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Signed into law by Governor Rick Snyder on March 19, Michigan Public Act 81 of 2018 revises continuing education requirements for licensed CPAs.

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The Trump administration's trade policy made a bold statement with a spontaneous announcement to impose tariffs of 25 percent on steel and 10 percent on aluminum. The president excluded Canada and Mexico, for now.

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UHY Advisors, Inc. (“UHY Advisors”), one of the nation’s leading professional services firms, announced the appointment of eight new managing directors: Thomas Bowen, Daniel Felstow, Amy Gallagher, Jeffrey Hare, Michael Kirby, Corey Massella, Bill Rausch and Warren Zafrin. Bowen and Felstow are both based in Michigan.

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UHY was recognized as Advocate of the Year for ongoing support of the development and sustainability of minority businesses and creating an unwavering sense of confidence in its clients through volatile market conditions.

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Effective Jan. 1, 2018 the minimum wage rate in Michigan has increased to $9.25. According to the Michigan Department of Licensing and Regulatory Affairs, the increase is the final scheduled increase provided by the Workforce Opportunity Wage Act of 2014.

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Beginning in 2018 in Michigan, all companies with no unclaimed property will be required to file a zero or negative report. But, what is unclaimed property? Unclaimed property is any asset, tangible or intangible, belonging to a third party that remains unclaimed for a specified period of time by its rightful owner.

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Prior to July 1, 2017 dental labs had been considered providers of a non-taxable service on the sale of prosthetic devices they manufactured and were not required to charge sales tax on the sales of the prosthetic devices (Michigan Letter Ruling 1985-20). Furthermore, the labs did not qualify for the "industrial processing exemption" and paid sales tax on the purchase of the materials to create the prosthetic device.

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