UHY Advisors, a financial and business advisory firm with offices located throughout the U.S., recently announced that Lucy Marshall has been promoted from senior staff accountant to forensic accountant in the Forensic, Litigation and Valuation Services Group (FLVS) of UHY Advisors, Farmington Hills.

UHY Advisors NY, Inc. today announced it is teaming up with CFO Alliance to address the needs of middle market company executives who are seeking innovate ways to support corporate decision-making against the backdrop of unsettled market conditions. The new partnership between UHY and CFO Alliance provides a national, collaborative platform for finance leaders and experts to openly discuss, debate, and dissect critical opportunities.

Casey Ballard has been promoted to Principal at UHY Advisors in the Forensic, Litigation & Valuation Services (FLVS) department. As Principal, Ballard’s primary responsibility will be the preparation and presentation of expert witness information and testimony in support of international arbitration and energy litigation cases. She joined the firm in 2010.

Maurice J. Liddell has joined UHY Advisors as a Principal in the Technology Assurance & Advisory Services (TAAS) department. Liddell will lead the firm’s Infrastructure Services line of business, and participate in Flexible Staffing activities for technology-related projects.

As the temperatures start to rise in July 2012, so does Congressional posturing over the future of federal tax policy. Both the Democrats and the Republicans are on record as being in favor of tax reform, but they remain far apart on just what type of reform is best for the country. This issue will highlight some of the present differences in their respective tax reform visions as demonstrated by the bills they have most recently introduced.

On June 28, 2012, the U.S. Supreme Court upheld the constitutionality of the Patient Protection and Affordable Care Act, as modified by the Health Care and Education Reconciliation Act (collectively, referred to herein as the "Act"), with one exception. Namely, the Court held unconstitutional a provision in the Act that would have allowed the federal government to withhold federal funding for a state's Medicaid program, as is currently provided, should the state fail to implement the expansion of Medicaid provided for under the Act.

International Tidbits have highlighted, on several occasions, the importance of double taxation treaties or “conventions” in planning for the income tax implications of cross-border investments and operations. These useful tools are agreements between sovereign states as to how they will address situations in which a resident (including individuals and business entities) of one state incurs income tax in the other state while still being taxed in the country of residence.

UHY Advisors' David Barton, an expert on information security issues, talks with Atlanta's WBS Fox 5 News about the DNSChanger virus.

June 26, 2012 – UHY Advisors' principal David Barton talks with WSB Radio's Pete Combs about data mining and online marketing in relation to the news that Orbitz directs users on Macs to higher-pricing hotels than PC users.

June 2012 was another relatively quiet month on the Tax front. The principal developments involved (1) an unexpected, but welcomed, relaxation of the rules that the IRS follows in evaluating Offers in Compromise, (2) ASPPA's opinion that any fundamental tax reform, or even tax reform aimed at taxing tax-qualified retirement contributions, will probably not happen in 2012, and (3) a proposal by the Republicans to make Health Care Flexible Spending Accounts more taxpayer friendly.