The Hiring Incentives to Restore Employment (“HIRE”) Act, signed into law in 2010, included modified provisions of the previously proposed Foreign Account Tax Compliance Act of 2009 (“FATCA”). These provisions involve two broad categories of tax compliance: reporting by foreign financial institutions on accounts held by U.S. persons, and reporting by U.S. individuals on specified foreign financial assets. It is the latter category that led to the new Form 8938 Statement of Specified Foreign Financial Assets, to be filed in 2012 as part of an individual’s 2011 federal income tax return.

Listen to WDUN's interview with LeighAnn Costley about how to make your tax burden lighter for the New Year.

A little over a year ago, Google made headlines with news that its offshore tax rate was a mere 2.4% thanks to a complex structure involving jurisdictions such as Bermuda, Ireland, and the Netherlands. Can today’s technology start-ups hope for similar benefits from a global strategy by transferring non-U.S. rights for their valuable intellectual property to a foreign corporation? The answer, as with most things involving U.S. income tax, is an unequivocal “yes, but,” plus the admonition that planning for various alternatives will still be key.

UHY Advisors TX, LLC is not the only one with a milestone birthday in 2011. Although not yet celebrating 40 years, such as UHY in Texas, UHY International as a network of Member Firms marks its 25th anniversary this year.

 UHY Advisors, a financial and business advisory firm with offices located throughout the U.S., recently announced that Mark Bealin has joined the firm as a managing director in its Sterling Heights office.
 

Staff may take time off, but that doesn't mean your firm has to

For many workers, the holidays are a much-anticipated time of year, when they look forward to taking some much-needed r&r away from work. But for others it means stress, headaches and a managerial nightmare. Managing workloads and company productivity between Thanksgiving and new Year's is an annual challenge for management and employees.

UHY Advisors, a financial and business advisory firm with offices located throughout the U.S., is hosting its Tax Forum on Thursday, Dec. 1 from 12-6 p.m. EST. This annual conference takes place at the MSU Management Center located at 811 W. Square Lake Rd. in Troy, Mich.

UHY LLP, a leading certified public accounting firm providing professional services to domestic and international companies, is hosting its Accounting & Regulatory Update on Thursday, Dec. 1 from 8:30 a.m. to 6 p.m. EST. This annual conference takes place at the MSU Management Center located at 811 W. Square Lake Rd. in Troy, Mich.

This month we look at the importance of checking for special terms covering energy-related activities in double taxation treaties (“DTT”) between the U.S. and other countries so U.S. companies can gauge potential PE exposure before they submit a bid or sign a contract.

UHY LLP, a leading certified public accounting firm providing professional services to domestic and international companies, is hosting its annual Manufacturing Outlook 2012 on Thursday, November 10 from 8:15 a.m. to 11:30 a.m. EST at its Farmington Hills office, located at 27725 Stansbury Blvd., Suite 100 in Farmington Hills, Mich. Manufacturing Outlook 2012 will also be available via live webcast beginning at 8:35 a.m. EST. Attendees will learn how the current economic landscape impacts the outlook for manufacturing companies in a variety of key sectors.