UHY LLP News Alert - Congress extends payroll tax cut through the end of 2012

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Congress extends payroll tax cut through the end of 2012

On Friday, February 17, 2012, the House of Representatives and the Senate both passed legislation to extend the 2% cut in the employee portion of FICA taxes through the end of 2012. Previously the 2% cut was set to expire on March 1, 2012. The Bill is now to the White House for President Obama's signature, which he is expected to sign in the coming days. While the employee portion of the FICA tax has been cut by 2%, employers do not receive the same benefit and must continue to pay the full amount.

In addition to the extension of payroll tax cuts, the legislation also extends federal unemployment insurance benefits and prevents scheduled cuts to Medicare providers through the end of 2012.

For more information or questions on this topic, please contact your professional at UHY LLP in Farmington Hills (248) 355-1040 or Sterling Heights (586) 254-1040 or visit us on the Web at uhy-us.com.

Events Calendar

CORE Business Management Webinar

Start your week out right with an executive-level, 55-minute webinar. The CORE Business Management complimentary webinar series is packaged to provide busy executives with the understanding, business direction and recommended strategies to help address, achieve and maintain business profitability and viability. Each session will run from 8:05 AM-9:00 AM EST. The series targets strategy, tools and methodologies to achieve and sustain a viable business based on strengthening a company's processes leading to increase profitability, market share and operational control.

03/05 Strategic Marketing: Transition & Position for Market Growth

03/19 Strategic Supply Chain Management

04/02 Grants, Credits & Other Revenue Enhancing Strategies

04/16 Reshoring/Backshoring: A Manufacturing Opportunity?

04/30 Developing & Implementing a Strategic Marketing Plan

05/14 Web, Mobile and Emerging Technologies

05/28 Retooling Your Economic Engine

06/11 Social Media as a Marketing Tool

CPE credit is offered.The CORE webinar series will be presented by Alan Lund, Consulting Principal. Alan has over 30 years of experience providing business process analysis and profit improvement services. To register please contact Alan Lund via email alund@uhy-us.com or phone 248-204-9447.

PEO Briefing Webinar Series

Tuesday, February 21, 2012

12:00 PM-1:00 PM EST

Please join us for this quick hitting lunch hour geared towards PEO business owners, chief executives and chief financial officers. Topics will include PEO benchmarking, hot tax topics and a financial accounting update. CPE credit will be offered.

Pre-registration for this complimentary webinar is required. Space is limited. Multiple registrations are welcome. Please contact Courtney Gray via phone 586-843-2533 or email cgray@uhy-us.com to register.

Webinar log-in instructions will be announced at a later date.

Fifth Annual D.M.G.C. Texas Hold Em' Tournament & Chili Cook-Off

Proceeds this year benefit The Mary Gregory Memorial Scholarship Foundation

Thursday, March 1, 2012

Sterling Heights Lions Club Hall * 12828 Canal Road, Sterling Heights, MI 48313

Registration at 6:00 PM * Game starts promptly at 7:00 PM

Chili Cook-Off

Anyone can enter Chili Cook-Off * Bring your Crock-Pot * Prizes for best, worst and hottest chili

Cash and checks only * Sorry, no credit cards

Email Courtney to save your spot * Cash contribution requested at door * $100 buy-in * Must be 18 to play * Top-notch, non-cash prizes * Must be 21 to purchase alcohol

Also...SAVE THE DATE for the 17th Annual Dan McCarty Golf Classic

Saturday, June 9, 2012 * Twin Lakes Golf and Swim Club

Registration starts at 7:00 AM * Shotgun start at 8:00 AM * Sponsorship opportunities available * Proceeds benefit Lupus Alliance of America * More information to come

Published by UHY LLP News.

Our firm provides the information in this newsletter as tax information and general business or economic information or analysis for educational purposes, and none of the information contained herein is intended to serve as a solicitation of any service or product. This information does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisors. Before making any decision or taking any action, you should consult a professional advisor who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of "UHY Advisors." UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. and UHY LLP are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. "UHY" is the brand name for the UHY international network. Any services described herein are provided by UHY Advisors and/or UHY LLP (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.