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Late afternoon on February 10, 2014, just seven months after its initial delay, the Treasury Department has granted additional transition relief from the employer shared responsibility provisions of the Affordable Care Act. Now, mid-sized employers (defined as those with 50 to 99 full-time employees) will be given until January 1, 2016 before the employer mandate takes full effect.

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The US Technical Advisory Group (TAG) for International Standards Organization Technical Committee (ISO/TC) 260, a professional organization charged with the development of Human Resource Management standards has recently appointed Krystyna Smutek, HRIS Manager of UHY Advisors, Inc. as its newest member.

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UHY LLP, a leading national certified public accounting firm, recently announced that one principal, Josh Kirkbride, has been promoted to partner. Also, six senior managers; Tom Bowen, Tim Brennan, Brent Jones, Michelle Moore, Kyle Percin and Aaron Witalec, have been promoted to principals.

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UHY LLP, a leading national certified public accounting firm, recently announced a series of promotions; one managing director, six principals, seven senior managers, six managers, eleven senior accountants, eleven senior staff accountants, one client service associate and one technology specialist.

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UHY LLP welcomes new member, Mont Audit Plus, in Montenegro to the global accountancy network UHY, of which our firm has been a member since 2001. Mont Audit Plus was established in 2007. With a team of 12 staff including 4 partners, the firm’s head office is based in Podgorica, the capital city. The firm provides audit, consulting, assets’ and capital valuations, tax counseling and accounting services to a portfolio of clients in a variety of private and public sectors in the region.

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Between the last three quarters of 2013 and first quarter of 2014, UHY LLP's Michigan offices added 69 employees to their team. The Michigan offices were excited to welcome their biggest hiring class of interns and staff accountants on Monday, January 6. The orientation training was held in the Farmington Hills office.

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After 2012, taxpayers with wages in excess of $200,000 ($250,000 if married filing jointly and $125,000 if married filing separately) are required to pay an additional 0.9% Medicare tax. This tax is in addition to the regular Medicare tax rate of 1.45% on wages received by employees.

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The USA attracts FDI equivalent to 6.6% of GDP, compared to a 17% global average. The USA is lagging behind most major economies in terms of its ability to attract foreign direct investment, according to a new study by UHY, the international accountancy network. 

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Over the past year, we have been inundated with the ACA (Affordable Care Act) and the various components of the law; whether it be the individual mandate, insurance exchange marketplaces, or employee notices. At this point, employers are gearing themselves for 2015 when the mandate will apply to employers that have 50 or more full-time employees. It is anticipated that as we get closer to January 2015, the activity level will reach a fever pitch as it did last year.

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After the December holiday season (during which Congress was not in session), there are few tax legislative developments to report. At this time, Congress appears to be more concerned with political posturing than with taking action in the tax arena. The following are some recent developments:

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