Case Study 1
Situation: A university had a substantial reduction in personnel due to serious financial difficulties.
Insight: UHY Advisors recommended that they obtain a refund on certain payroll taxes paid on severance pay.
Result: Tax savings of $100,000 for the university, which also benefited employees.
Case Study 2
Situation: A university did not do any future planning. This resulted in an inadequate budget system.
Insight: UHY Advisors recommended an integrated planning/budgeting system.|
Result: The university has better control over its costs and has a stronger sense of the dynamics affecting its future.
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