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UHY Advisors MI, Inc. has been voted as one of 2013’s best and brightest companies to work for in Metropolitan Detroit for the tenth year in a row.

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During 2012, the Internal Revenue Service issued a new ruling regarding the taxation of automatic gratuities included on the tabs of restaurant guests.

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The IRS has issued proposed regulations regarding the small business health care credit which will come into effect for tax years beginning after December 31, 2013.

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Wealthy Americans considering giving up their citizenship to avoid higher taxes might want to hold on to their U.S. passports. Living aboard could result in bigger tax bills for Americans, especially if they want to buy an expensive abode.

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With Congress only recently returned from recess, there is little in the way of current legislative developments. However, in the regulatory area, the IRS has issued final regulations dealing with the rules for deduction vs. capitalization of tangible property. These regulations are briefly summarized below.

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There have been many updates surrounding the Affordable Care Act ("ACA") with regards to guidance for employers. Most recently, is a written notice (the "Notice") that the ACA requires of many employers. The Notice must be provided by October 1, 2013 to all of the employer's current employees (whether full-time or part-time) and is intended to inform them of the health insurance coverage options available in the new Health Insurance Marketplace mandated by ACA.

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It is that time of year when companies (“holders”) begin to ramp up their unclaimed property reporting activities. It is good business practice to assign one person at the company who is responsible for escheat compliance, and insert this responsibility in their job description to insure continuity. Most unclaimed property reports and remittances are due to the states on or before November 1.  These are the “fall states”.  A few states are due in March, April or even July. 

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UHY LLP's David Barton talks with WSB Radio's Pete Combs about the security problems with the new health care exchange hubs being set up as part of the new Affordable Healthcare Act.

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Governor Rick Snyder recently announced the appointment of Richard (Rick) David to the state of Michigan Board of Accountancy. Mr. David will be representing certified public accountants.

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This is a final reminder that ALL employers covered by the Fair Labor Standards Act are required to provide a written notice to their employees about the Health Insurance Marketplace (aka the Health Care Exchange) by October 1, 2013. This notice is required regardless of whether employers currently offer health insurance coverage or not. Full Article: This is a final reminder that ALL employers covered by the Fair Labor Standards Act are required to provide a written notice to their employees about the Health Insurance Marketplace (aka the Health Care Exchange) by October 1, 2013. This notice is required regardless of whether employers currently offer health insurance coverage or not.

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