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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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Division of assets, possible child support, alimony, child custody, emotions - divorce can be a complicated, stressful and painful process. For 2018, now add taxes and timing into the mix.

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Regulatory scrutiny may be a natural course of action as General Electric Co. recorded a multibillion-dollar write-down of assets that led to a big loss in its latest quarter.

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UHY International (“UHYI”), a worldwide network of independent professional services firms that provide audit, tax and advisory services around the globe, gathered their leadership in Detroit, Michigan from Wednesday, October 24 through Friday, October 26 for the 2018 annual meeting of international members. The meeting was the largest gathering of UHY International partners in history with representatives from nearly 100 countries coming together to discuss developments in the marketplace, exchange ideas, experience the economic revitalization in Detroit and network in iconic American venues such as the Henry Ford Museum and the Detroit Institute of Arts.

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UHY Advisors (“UHY”), today announced that Melanie Chen was named a Crain’s New York Business Notable Women in Accounting and Consulting. Based in New York, Melanie is a Managing Director at UHY Advisors. The Crain’s award honors executives who have had a profound impact within the New York City business and social communities.

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According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in. The first is the Institute for Supply Management’s Purchasing Manager’s Index and the second is the Federal Reserve’s Capacity Utilization Index for motor vehicles and parts.

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There have been sweeping changes made to the guidance for revenue accounting within ASC Topic 606 by the Financial Accounting Standards Board (FASB). All December year end non-public companies must be compliant under the new revenue guidance by January 1, 2019. The following article is a very high level overview of the changes, please contact your professional at UHY for our Manufacturing Revenue Recognition Guidance Publication.

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