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EVENTS CALENDAR

 

7/27 Cruisin' For Charity Care Show

 

10/24 Annual Construction Outlook

 

11/13 Annual Manufacturing Outlook

 

12/4 Annual Accounting & Regulatory Update

 

12/4 Annual Tax Forum

SPECIAL ANNOUNCEMENTS 

 

Recruiting Update 

RESOURCE SOLUTIONS

 

Are you looking at future initiatives and feel you lack the internal expertise or resources to help you execute and achieve your goals? Don't sell yourself short.

 

Contact your UHY professional today.

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A TAX HOLIDAY JUST BEFORE INDEPENDENCE DAY!   

 

Late yesterday afternoon, in an unexpected announcement, the White House administration announced that it will delay the employer mandate fees until 2015. This means those large employers who are still scrambling to implement an affordable and acceptable health care plan will have an extra year of reprieve before the non-deductible penalties take effect; originally scheduled for January 1, 2014.

 

One of the key provisions in the Patient Protection and Affordable Care Act (PPACA) requires employers with 50 or more full-time equivalent employees to offer an affordable and acceptable health care plan or face significant penalties. Those penalties can be up to $2,000 per full-time employee, per year, or the lessor of $3,000 per year for those employees receiving federal subsidies through the exchange program.

 

The administration has cited the difficulties in the implementation and reporting of this complex provision as the primary reason behind the announcement of the delay.

 

While the employer responsibility fees have been delayed, there are many provisions of this act that are still proceeding as planned. By October 1, 2013, employers must distribute the Notice of Exchange to all employees which explains a little bit about the health insurance exchange created for individuals to purchase their own health insurance coverage. The federal exchange is expected to be up and running before the end of the end of the 2013 year which will allow taxpayers to comply with the individual mandate requiring them to maintain health insurance coverage or be subject to an individual tax penalty on their 2014 Form 1040 filing.


For assistance with the implementation and preparation of the many provisions of PPACA, 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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EventsEVENTS CALENDAR

 

Save the date! More UHY events are just around the corner...

 

7/27 Seventh Annual Cruisin' For Charity Car Show

10/24 UHY LLP Annual Construction Outlook

11/13 UHY LLP Annual Manufacturing Outlook

12/4 UHY LLP Annual Accounting & Regulatory Update

12/4 UHY Advisors Annual Tax Forum

 

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SpecialSPECIAL 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 of experience)

CSA (full charge bookkeeper with 1040 experience)

 

Farmington Hills

Tax Manager

Marketing Associate

 

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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.