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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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In response to the threat of the Illinois credit rating being downgraded to “junk bond” status, the Illinois General Assembly has passed the first state budget since 2015, and a multibillion-dollar income tax hike to support it.  The resulting Illinois Income Tax Act (IITA) produces a number of tax changes that impact individuals, corporations, and most other filing entities.

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As we prepare for the close of 2016 and begin planning for upcoming years, there are significant opportunities with regard to fixed assets, including the ability for taxpayers to immediately deduct 50% of non-residential building improvements.

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Recently, the president permanently restricted internet taxes by signing the Internet Tax Freedom Act (ITFA). The ITFA prohibits all levels of government from taxing internet use.

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The FASB recently issued its new accounting requirements for leases.

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Tags: Audit

An American renaissance November 1, 2012 Join us on-site at UHY’s St. Louis office or on-line via webcast On-site Program 7:30AM–10:45AM CDT On-line Webinar 8:00AM–10:45AM CDT Join us to learn more about the latest industry trends and rebirth of American manufacturing. Topics, speakers and keynote will be announced shortly. CPE credit will be offered.

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