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Change is inevitable, but often time organizations do not have the bandwidth to keep their policies and procedures current. Whether related to operations, compliance or risk management, we have a team of specialists that can help you through it.

Contact your UHY professional today.

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PLEAS FOR A HIGHER MINIMUM WAGE

On April 2, President Obama delivered a speech at the University of Michigan in favor of a gradual increase in the state minimum wage to $10.10 by 2017. The President urged state legislators not to wait for Congress to adopt a hike in the federal minimum wage. In response to the President's ongoing pleas, Connecticut and Maryland lawmakers have passed legislation that will gradually increase each state's minimum wage to $10.10. President Obama said that he hopes Congress, governors and state legislators will follow Connecticut and Maryland's lead to "ensure that no American who works full time has to raise a family in poverty, and that every American who works hard has the opportunity to succeed."

Michigan is set to have a ballot proposal in November for an increased minimum wage in line with President Obama's campaigning from $7.40 to $10.10 per hour.

Since the beginning of the year, other states that have approved minimum wage increases of different amounts are Delaware ($8.25), Minnesota ($9.50), West Virginia ($8.75) and The District of Columbia ($11.50). California and New York have increases going into effect later this year. Several other states consider minimum wage adjustments based on inflation as determined by the consumer price index.

Clients concerned about the potential repercussions of an increased labor burden should contact their professional at UHY LLP in Farmington Hills 248 355 1040 or Sterling Heights 586 254 1040.

SPECIAL ANNOUNCEMENTS

Experienced Recruiting Update

UHY is hiring! Be sure to visit our careers page for the most up-to-date career listings or contact Amanda Sheets at asheets@uhy-us.com to learn how we can help you or someone you know take charge of your career path now.

Current Michigan openings include:

Tax Accountant (5-9 years of experience, CPA required)

Audit Accountant (5-9 years of experience, CPA required, SEC experience is a plus)

Forensic Accountant and Auditor

Director of Litigation (testifying experience required)

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.