Accruals and revenue recognition are the leading tax failures for Section 404 filers.

That's where UHY Advisors' tax expertise can help.

According to an April 2006 Analytics study of Year 2 Section 404 filers, tax accruals (34.5% of companies studied) and revenue recognition (28.4%) were leading areas of failure. Finding such material weaknesses can be costly, time-consuming, and disruptive for companies.

Middle market companies facing tight budgets may lack either the manpower or experience to tackle the complexities of an ever-evolving tax code.   In fact, the same Analytics study also indicated that personnel issues—often related to tax experience—was one of the leading Internal Controls issues found in Sarbanes-Oxley reviews.

A small investment in diagnostic analysis now can save you from material weakness fallout in the future. 

Our Proactive Tax Review Group of FAS 109 tax experts can conduct a cost-effective evaluation to uncover tax issues, and offer practical solutions to mitigate problems that might lead to material weaknesses.   In some cases, we have even uncovered tax savings that exceeded our fees.  This insight is based on our extensive tax experience with middle market companies in the energy, manufacturing, construction, and financial industries, to name a few.

UHY Advisors proactively delivers our services through hands-on managing directors; our clients benefit from the insights of those with the most experience.  Its part of our philosophy called The Next Level of Service.

Or you can email us at proactivereview@uhy-us.com for a confidential discussion and a list of references.