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Special Announcements
Recruiting Update
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Gift Analysis
Have you postponed funding trusts or transferring ownership in your family limited partnership because of the tax implications of such gifts? The American Taxpayer Relief Act of 2012 now permanently "re-unified" the Unified Credit, significantly increasing the amount of lifetime exemption available to you if you have not already used your exemption.
Contact your UHY professional today.
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Archive
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news archive.
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W-9's: Who Gets Them and When?
With the Internal Revenue Service cracking down on the issuance of Form1099's, most employers are finding themselves running around to get the necessary information to issue a Form 1099. Form W-9 is the Request for Taxpayer Identification Number and Certification and should be completed and received before any work is performed or payment is made. The completed Form W-9 will give the employer all the information needed to issue a Form 1099 on a timely basis.
A Form1099-MISC should be issued to any individual or company that was paid $600 or more during the calendar year. Some exceptions to issuing Form 1099's include, but are not limited to; payments of rent to real estate agents, employee reimbursements, payments for merchandise, and generally payments to a corporation.
The penalty for not filing Form 1099's is $30 per return if they are filed within 30 days of the due date (March 30, if the due date is February 28); maximum penalty $250,000 per year ($75,000 for small businesses).
For more information 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 www.uhy-us.com.
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Events Calendar
3/28 March Madness Networking Event
Thursday, March 28, 2013
5:30-8:30PM
Star Lanes at Emagine Royal Oak
200 North Main Street
Royal Oak, MI 48067
Come watch the 2013 NCAA Regionals, broadcasted on one of Star Lanes 34 televisions! Championship games of the night will be featured on three 25' movie-grade screens at the end of the lanes, six large flat screens above the ball returns and about twenty five televisions in the Sports Bar. Not a diehard basketball fan? Join us anyways! We will have a spread of fabulous food, an open bar stocked with all of your favorite wine, beer and spirits, four reserved bowling lanes and good company to keep you entertained and engaged.
Space is limited. Please bring change for metered parking. Valet is also available. To register click here.
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Special Announcements
Experienced Recruiting Update
UHY Michigan is actively looking for experienced candidates to fill key positions in our local offices. Please review the openings below and if you know someone who may be interested in any of these roles please reach out to Rina (Madias) Henning, Recruiting Manager, via email rhenning@uhy-us.com or phone 248 204 9331.
Sterling Heights
Tax Managers
Audit Seniors (2-5 years experience)
CSA (Full Charge bookkeeper with 1040 experience)
M&A Associate (2-5 years experience)
HR Generalist (2-4 years of HR Generalist experience)
Website Content Coordinator (Bachelor's degree in Marketing, Business, Management Information Systems, or Computer Science)
Farmington Hills
Tax Manager
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Published by UHY LLP News.
Copyright � 2013 UHY LLP. All rights reserved.
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.
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