JENNIFER SIMS VU: FAIR. MARKET. VALUES.

During the interview for this article, almost before I’d settled into my chair, Jennifer launched into a very self-revealing and self-aware conversation about what makes her tick as a person and as a UHY Advisors’ Valuation professional.  “One thing that’s very important to me is being ‘fair’ and how people will react to situations,” she said.  “That belief means that I don’t prejudge people or situations, which, I’ve come to discover during my career, is a valuable asset as a business valuation professional,” Jennifer added.

On April 10, 2013, President Obama released his 2014 Fiscal Year "Budget Proposal" (i.e., for the federal government's Fiscal Year beginning October 1, 2013 and ending September 30, 2014). According to the White House, the Budget Proposal should achieve a $1.8 trillion deficit reduction. The Budget Proposal represents a mixture of tax increases and cuts in various federal entitlement programs. Thus far, his proposal has drawn criticism from Republicans for the proposed tax increases and from Democrats for the proposed cuts to entitlement programs. The Budget Proposal is quite lengthy and "The General Explanations of the Administration's Fiscal Year 2014 Revenue Proposals" (the Green Book) published by the Department of the Treasury is itself 246 pages long. Read more for a brief summary of some of the more significant tax provisions in the Budget Proposal.

Is “Internet Retailer” Legislation the End of
Nexus for Sales Taxes as We Know It?

Over the last number of years, Internet retailers have been under pressure by the states to collect and remit sales taxes from their customers. As a result, there has been an assortment of statutes enacted and agreements reached with the retailers, especially Amazon, to satisfy the need of the states for additional revenues and the retailers need for simplicity and consistency.

“Know before you go” has long-been a tag-line for various U.S. government publications and programs aimed at international travelers for everything from understanding restrictions on taking liquids through security at airports to how much alcohol a traveler can bring back to the U.S. duty-free.  For companies in the energy services sector, “know before you go” can be a critical part of bidding a job and completing a project on-budget.

On the tax side, the list is extensive but can be summed up based on three key areas.

 Between the last three quarters of 2012 and first quarter of 2013, UHY LLP's Michigan offices added 41 employees to their team and its growth is far from over. This top accounting firm is always scouting seasoned financial professionals who seek to take charge of their careers.

 UHY LLP, a leading national certified public accounting firm, recently announced a series of promotions; one senior manager, seven managers, three senior accountants, ten senior staff accountants and one client service associate.

Midway has named UHY Advisors the recipient of the 2012 Moran Legacy Award, given annually to the company or individual serving the real estate industry that best embodies the qualities and values of Midway founder and real estate Hall of Famer Jim Moran.

Now that the Budget Sequester brouhaha is behind us, Congress and President Obama are rattling their tax reform sabers. And, if that is not enough to get the attention of taxpayers, the U.S. Tax Court recently issued two decisions in favor of the IRS's denial of a federal income tax charitable deduction solely because of a charity's failure to technically comply with the requirements on substantiating a charitable contribution. These developments and more are summarized below.

Texas business owners do not expect an economic downturn to occur in 2013, and more than four-in-ten foresee increased hiring and investment in their companies, according to UHY  LLP.

As a youngster growing up in South Dakota, Maurice Liddell developed the capacity – and some might say the audacity – to see over the prairie scrub and through ruddy peaks to things bigger than the neighboring Black Hills. Maurice’s unique ability to take a long view of situations is a skill that he brings to the Management & Technology practice of UHY Advisors today.