UHY LLP

UHY LLP
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Company Description:

The UHY LLP nonprofit team delivers an unequaled combination of experience, exceptional “hands on” capabilities, and commitment to your organization that will provide value-added service including: financial statement audit, single audit, IRS Form 990 and governance related consulting.  We are committed to smooth transitions, proactive management and continuous communication.

UHY LLP

 •  April 14

US not-for-profits encompass a wide variety of industries that include health care, higher education, credit unions and public authorities, to name a few. Andrea Murad speaks to the individuals who ensure they maintain their nonprofit status.
Nonprofit organizations are unique, because while they’re considered charities, they can also generate...

UHY LLP

 •  February 16

The Better Business Bureau has learned that scammers are now targeting small business owners with phishing emails using QuickBooks software as bait. Emails are being sent with the subject line "QuickBooks Support: Change Request". The message is "confirming" that the business name was changed with Intuit, QuickBooks' manufacturer, even though no...

UHY LLP

 •  December 13, 2016

The FBI has warned of a dramatic increase in targeted email attacks on company employees that appear to come from the CEO or other executive. These scams usually begin with the attackers compromising the executive's email account, or messaging from look-alike email addresses that may be one or two letters different from the real company email...

UHY LLP

 •  December 1, 2016

By Denise Pisciotta, Senior Manager It only took 10 years, but this summer the Department of Labor (DOL) announced sweeping changes to the federal overtime rules. The most significant change is raising the standard salary level by which salaried employees are now eligible for overtime pay. The new rules will go into effect December 1, 2016 and...

UHY LLP

 •  December 1, 2016

By Michael Lipschultz, Managing Director
Michael Hoyt assisted in the preparation of this article.
Not-for-profit (NFP) accounting and reporting has historically been challenging for many accountants and users of NFP financial statements. NFP organizations operate differently, and thus report differently from their for-profit counterparts,...

UHY LLP

 •  November 2, 2016

UHY Advisors, one of the most respected professional services firms in the country, welcomes Joseph Chivini as business development director. In this role, Chivini will lead the firm’s business development efforts in the Chicago market for the full range of services including attest, tax, management consulting and resource solutions offerings. UHY...

UHY LLP

 •  November 2, 2016

As 2017 approaches, retirement plan sponsors need to be prepared for the Department of Labor's recently modified rules that affect ERISA retirement plans (as well as individual retirement accounts and even some health savings accounts). Under previously implemented rules, some investment advisors of retirement plans (those that were generally...

UHY LLP

 •  November 2, 2016

According to the Treasury Inspector General for Tax Administration (TIGTA) report No. 2016-40-065, during the period February 2011 to December 2015, the Internal Revenue Service (IRS) identified almost 1.1 million taxpayers who were victims of employment-related identity theft. Employment-related identity theft is when an identity thief uses a...

UHY LLP

 •  November 1, 2016

The IRS has reported that there have been many recent claims of fake CP2000 notices being sent to taxpayers indicating an amount due related to the Affordable Care Act. A CP2000 notice is normally sent to taxpayers when the income on their tax return does not match what has been reported by the third-party (such as an employer). In many cases,...

UHY LLP

 •  October 10, 2016

The FBI has issued a threat advisory to charitable organizations and nonprofits in the US and Canada. A Nigerian criminal network has already targeted more than two dozen organizations with a sophisticated, multi-step wire fraud scheme with the following steps: Members of the criminal network use the stolen identity of a genuine foreign...