2015 COLA INCREASES FOR DOLLAR LIMIATIONS ON BENEFITS AND CONTRIBUTIONS

The Internal Revenue Service (IRS) also issued a cost-of-living adjustment regarding dollar limitations for pension plans and other retirement-related items for the 2015 tax year. The increase in the 2015 limitations results from an increase in the cost-of-living index. Significant increases are as follows: 

• The 401(k), 403(b), and most 457 plan contribution limits increased to $18,000 ($500 increase from 2014)
• The 401(k), 403(b), and most 457 plan catch-up contribution limits for those aged 50 and over increased to $6,000 ($500 increase from 2014)
• The defined contribution limit increased to $53,000 ($1,000 increase from 2014)
• The annual compensation limit increased to $265,000 ($5,000 increase from 2014)
• The highly compensated employee threshold increased to $120,000 ($5,000 increase from 2014) 

Some of the significant benefit plan limitations that remain unchanged include the defined benefit limitation and limit on annual contributions to an individual retirement arrangement (IRA). 

11/20 UHY LLP Annual Manufacturing Outlook

Join us at The Detroit Athletic Club for Manufacturing Outlook: An Era of Disruptive Transformation, featuring keynote Jacques Panis, president of Shinola. The schedule of events is as follows:

7:30AM-8:00AM Registration, breakfast and networking

8:00AM-8:10AM Opening commentary

8:10AM-8:35AM Manufacturing 2015 and beyond

8:35AM-9:05AM Global economic forecast 

9:05AM-9:35AM Pros and cons of manufacturing in Detroit

9:35AM-9:45AM Refreshment break

9:45AM-10:15AM Transforming the shop floor

10:15AM-10:40AM Manufacturing a deal: M&A case study

10:40AM-11:10AM Manufacturing in Detroit "against all odds"

11:10AM-11:15AM Interactive discussion

CPE credit available. Shinola watch will be raffled off.

Pre-registration for this complimentary program is required. Breakfast will be provided. Space is limited. Multiple registrations are welcome. To RSVP contact Jessica Dalessandro.

12/4 UHY LLP Annual Accounting & Regulatory Update

Save the date for this year's Accounting & Regulatory Update at the MSU Management Education Center in Troy on Thursday, December 4 from 8:00AM-6:00PM, with keynote Mark Hackel, Macomb County executive.

This complimentary program is geared towards board members, audit committee members, CFO's, controllers and others who want to learn more about the latest accounting, regulatory, legal and SEC updates. Topics and speakers will be announced shortly. CPE credit will be offered.

Pre-registration for this event is required. Breakfast, lunch and cocktail reception with hors d'oeuvres included. Space is limited. Multiple registrations are welcome. To RSVP contact Jessica Dalessandro. Formal invitation to follow.  

12/4 UHY Advisors Annual Tax Forum

Save the date for this year's Tax Forum at the MSU Management Education Center in Troy on Thursday, December 4 from 8:00AM-6:00PM, with keynote Mark Hackel, Macomb County executive.

This complimentary program will cover the latest tax laws, trends and developments impacting both individuals and businesses. Topics and speakers will be announced shortly. CPE credit will be offered.

Pre-registration for this event is required. Breakfast, lunch and cocktail reception with hors d'oeuvres included. Space is limited. Multiple registrations are welcome. To RSVP contact Jessica Dalessandro. Formal invitation to follow. 

UHY Opens Third Michigan Office In The Heart Of Downtown Detroit's Financial District

UHY LLP, a leading national CPA firm with over 300 employees in Oakland and Macomb counties, is opening its third Michigan office in the heart of downtown Detroit's financial district. UHY's first Wayne County office will be open for business on the sixth floor of the Chrysler House (previously known as the Dime Building) sometime in November. The 23-story historic skyscraper is located at Griswold and Fort streets near Campus Martius Park.

Ironically, this is the same building that founding partner, Gordon Follmer, first started his accounting career while going to night school at University of Detroit in 1960. "We're excited to expand operations in Detroit as the revitalization of business growth in the City is gaining momentum," Follmer said. He also feels the downtown addition will be excellent for recruiting and retention, "A lot of our new team members, the younger ones, the next generation of leaders, have expressed interest in working downtown".

Many of their Detroit-based clients including Hiram Jackson, CEO of Real Times Media and publisher of the Michigan Chronicle; Cindy Pasky, founder, president and CEO of Strategic Staffing Solutions and chair of the Detroit Downtown Partnership Board of Directors; Bridgewater Interiors' president and CEO Ron Hall; and John James, founder, chairman and CEO of James Group International have encouraged and supported the firm's move to the City. "We're delighted to see UHY open an office in Detroit. They've been our accounting firm for a very long time and done wonderful things for us. They will be a great addition to Detroit's growing financial community," said James.

UHY LLP is one of many companies who have moved into the 352,000 square foot building since it was acquired by Bedrock Real Estate Services in August 2011. The neoclassical Daniel Burnham-designed structure is within short walking distance from Campus Martius Park, Westin Book Cadillac Hotel, Cobo Center, PeopleMover station and sports venues.  

"UHY joins an impressive list of more than 45 retail, professional services and corporate tenants," said Jim Ketai, co-founder and managing partner of Bedrock.

"We are really excited about this new beginning in the downtown area," said Tony Frabotta, CEO of UHY Advisors MI, Inc. and managing partner of UHY LLP. "This is a great opportunity for UHY to be part of Detroit's comeback story."

UHY Recognized As A "Best & Brightest" Company For The Eleventh Consecutive Year

UHY Advisors MI, Inc. has been voted by the Michigan Business & Professional Association (MPBA) as one of 2014's best and brightest companies to work for in Metropolitan Detroit for the eleventh year in a row! Only companies that distinguish themselves as having the most innovative and thoughtful human resources approach can be bestowed this honor.

101 companies have demonstrated exceptional commitment and named "Metropolitan Detroit's 101 Best and Brightest Companies to Work For™." The winning companies also compete for 12 elite awards, one granted for each category. Also, an overall winner that has excelled in all categories will be honored with a "Best of the Best Overall" award. The elite award winners will be revealed during a luncheon on Tuesday, September 23 at the Detroit Marriott at the Renaissance Center.

"We are honored to recognize the efforts of this year's 'Best and Brightest' companies. These companies have created impressive organizational value and business results through their policies and Best Practices in human resource management. This award has become a designation sought after by hundreds of Metro Detroit's area companies and is a powerful recruitment tool in the drive to attract and retain exceptional employees," said Jennifer Kluge, MBPA president.

The B&B is a program of the MBPA that provides the business community with the opportunity to gain recognition, showcase their best practices and demonstrate why they are an ideal place for employees to work. This national program celebrates those companies that are making better business, creating richer lives and building a stronger community as a whole. 

Careers At UHY

Are you ready to take charge of your career path? Be sure to visit our careers page for the most up-to-date career listings or contact Amanda Sheets at asheets@uhy-us.com or 248 204 9482. Check out some of the current opportunities in our Sterling Heights and Farmington Hills locations: