The Michigan Department of Treasury recently issued Bulletin 11 of 2013, highlighting the amendment to the existing industrial and commercial personal property tax laws.

 

For the 2014 tax filing season, the value of property that is exempt from personal property taxes increases from $40,000 to $80,000. Therefore, property owned by, leased by or in the possession of the owner or a related entity in each tax collecting unit with a combined true cash value of less than $80,000 will qualify to be exempt from property taxation.

 

In order to claim the exemption, the owner of the eligible personal property must annually file an affidavit (Form 5076) no later than February 10. The affidavit should be filed with the local tax collecting unit where the property is located. Once this affidavit is filed the owner is not required to file a personal property tax statement in that tax year.

 

To learn more about Michigan's personal property exemptions, 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. 

2/20 Seventh Annual D.M.G.C. Texas Hold Em' Tournament

 

Thursday, February 20, 2014

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

 

Star Lanes at Emagine Royal Oak

200 North Main Street

Royal Oak, MI 48067

 

$100 buy-in and $50 re-buy. VIP prizes for finalists. Chips have no cash value. Must be 18 to play and 21 to consume alcohol.

 

Contact Shannon Gnesda at sgnesda@uhy-us.com or 586 843 2637 to save your spot! Cash, check or credit card contributions accepted in advance or at the door. Sponsorship opportunities available.

 

UHY Cares in cooperation with the D.M.G.C. and the McCarty family hope to see you there!

 

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Jerry Grady Elected to EMU Advisory Board and Recognized as Alumnus of the Year

 

Gerald ("Jerry") Grady, partner at UHY LLP, was elected to the Eastern Michigan University Accounting and Finance Advisory Board on November 8, 2013. He was also chosen to chair this group and will be working with the department head and Dean of the School of Business.

 

On November 15, Grady humbly accepted the Eastern Michigan University Alumnus of the Year Award. The award was presented by the Accounting Department Chair, Zafar Khan. Upon Grady's acceptance, he provided students and faculty with a dynamic presentation focused on networking, the importance of 'dressing for success' and giving back to the community. He also took the time to discuss how many students came through Michigan's fall recruitment process this year and how many were hired - a few of which were in attendance that evening. Eastern Michigan University spoke very highly about Grady and UHY LLP's recruitment efforts.

 

Congratulations, Jerry!

 

Experienced Recruiting Update

 

UHY Michigan is actively looking for experienced candidates to fill key positions in our Farmington Hills and Sterling Heights Offices. Please review the openings below and if you know someone who may be interested in any of these roles please reach out to Amanda Sheets by email asheets@uhy-us.com or phone 586 843 2560. Job descriptions can be found on our careers page.

 

Sterling Heights

Seasonal Tax Consultant (five years public accounting experience)

Senior Tax Accountant

Senior Audit Accountant

Corporate Finance Analyst and Associate

 

Sterling Heights or Farmington Hills

Forensic Accountant

Director of Litigation

 

Farmington Hills

Senior Tax Accountant

 

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