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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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UHY LLP and UHY Advisors (“UHY”), a leading professional services organization, gathered their leadership from across the United States to the Motor City on Tuesday and Wednesday October 23-24 for the 2018 National Leadership Conference in downtown Detroit. The meeting included members representing all UHY offices across the United States who came together to discuss how to embrace change in the industry while serving clients, educate themselves on the newest industry leading practices and join their colleagues in the U.S. as they experienced the economic revitalization of Detroit.

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The Tax Cuts and Jobs Act greatly simplified the "kiddie tax". The original kiddie tax required children under the age of 18, or under age 24 if they are a full time student, to pay taxes on their unearned income (interest, dividends, capital gains, rents, etc.) over $2,100 at their parents' highest tax rate. It also required a separate form and some complicated computations, as well as requiring parents to share their tax information with their children.

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Trump has not been happy with NAFTA since taking office, at times calling it the "worst trade deal ever signed by any country". After working for more than a year to finalize a deal, Trump called the new agreement "truly historic". The US, Canada and Mexico have reached a deal to update and rename NAFTA.

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