Clayton & McKervey CPA eases preparation for year-end business reporting with a roundup of filing requirements for companies

Southfield, Mich.—October 30, 2019—Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, knows this time of year brings a host of filing requirements and forms that companies need to finalize in order to file their taxes. Shareholder Margaret Amsden, CPA, who leads the firm’s tax department and is the point person for domestic tax strategies at Clayton & McKervey, says proactive preparation is half the battle in ensuring the tax filing process will go smoothly.

“Income, Social Security, Medicare tax withholding and payments that are not considered wages have to factored in for accurate reporting,” Amsden said. “It may seem a bit overwhelming, but companies that administer a system to ready their information now will have an easier time seeking the best possible financial advantages at tax time.”

Amsden offers a rundown on the key areas to consider when preparing year-end business reporting:

Form 1099’s – Depending on the nature of the non-wage payment, there are several:

Form 1099-MISC (Miscellaneous Income) relates to services rendered which are not reportable wages on Form W-2 and includes: rents, services prizes, awards, medical and health care payments, cash paid from a national principal contract to an individual, partnership, or estate, royalties, or payment to attorney or law firm.
• For non-employee compensation, the form must be filed by January 31.
• Any other type of payment is due by February 28.
• For multiple types of payments, the IRS now requires two filing batches, one on or before January 31 and the second on or before February 28.

Form 1099-DIV (Dividends and Distributions) is required for payees who:
• Received at least $10 in dividends and other distributions on stock—not generally applicable to S Corporation distributions; had any foreign tax withheld and paid on dividends and other distributions on stock regardless of the amount of the payment; had any federal income tax withheld under the backup withholding rules regardless of the amount of the payment; or received at least $600 as part of a liquidation.
• There is also a change in exclusions on gains regarding all qualified small business stock – RICs acquired on or after January 1, 2019. If a RIC was acquired after December 31, 2018, then there will be no additional exclusions on any gain generated from that stock. If the stock was acquired on or before December 31, 2018 then the previous exclusions may apply to gains received.

Form 1099-INT (Interest Income) is required for payees who: received at least $10 in interest (or for certain payees at least $600); had any foreign tax withheld and paid on interest regardless of the amount of the payment; or had any federal income tax withheld under the backup withholding rules regardless of the amount of payment.

Form 1099-R (Distributions from Pensions, Annuities, Retirement or Profit Sharing) is currently required for each payee receiving at least $10 from profit sharing or retirement plans, any IRAs, annuities, pensions, insurance contracts, survivor income benefit plans, permanent and total disability payments under life insurance contracts, and charitable gift annuities.
• Also reports death benefit payments made by employers which are not part of a pension, profit sharing, or retirement plan, and reportable disability payments made from a retirement plan
• Special rules apply for reporting distributions to employees affected by natural disasters (refer to Pub. 976, Disaster Relief)
• Rollovers to a Roth IRA cannot be re-characterized as having been made to a traditional IRA
• Payments made to any state unclaimed property funds on or after January 1, 2019

Form W-2:
Employers must file Form W-2 for wages paid to each employee subject to income, Social Security, or Medicare tax withholding and need to consider:
• Health Insurance Premiums paid for a 2% Shareholder in an S Corporation
• Personal Use of Employer-Provided Automobiles as an excludable working condition fringe benefit
• Group-term Life Insurance Coverage included in the employee’s gross income to the extent the cost of the policy coverage exceeds the cost of $50,000 of such insurance, less the after-tax amount (if any) paid by the employee toward the purchase of the insurance.
• Disability Insurance Coverage which is not required to be included in the employee’s gross income but if it is, then the benefit (if ever claimed by the employee) will be non-taxable
• The Affordable Care Act (ACA) required on the total cost of health care coverage on the W-2 form for all employers with more than 250 W-2 forms.
• Premium Reimbursement Plans on reimbursed payments for the purchase of individual health insurance policies in employees’ compensation.

Form 1095-C and 1095-B:
• Employers with more than 50 full-time employees need to report information regarding the health care eligibility and coverage for their employees on Form 1095-C (Employer-Provided Health Insurance Offer and Coverage).
• Employers with less than 50 full-time employees sponsoring self-insured group health plans will be required to file Form 1095-B (Health Coverage) to report information regarding the health care coverage for their employees.

Tax Cuts and Jobs Acts (TCJA) updates:
• Qualified Moving Expense Reimbursements Exclusion is no longer allowed during the tax years 2018-2025.
• Donated Leave–the allowance for employees donating their personal, sick or vacation leave days to qualified tax-exempt organizations helping victims of some specified, recent natural disasters, still applies in 2019.
• Qualified Equity Grants Reporting–The Internal Revenue Code (IRC) Section 83(i) covers “qualified equity grants” but comes with increased reporting requirements for eligible corporations with qualified plans. Generally, when stock from an exercise of a stock option or a stock grant is substantially vested, employees are required to recognize taxable income, and income tax withholding requirements apply. Note: In the case of a start-up business, this withholding burden often falls on the employee, which counteracts any incentive of the initial stock option or grant. Complex rules stipulate what companies are covered, employee notification requirements, and penalties if employees are not notified in a timely manner.

Amsden has written more in depth on reporting requirements and exceptions, and says that consulting with the appropriate accounting specialists can alleviate confusion and expedite the reporting process.

About Clayton & McKervey
Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

###

Clayton & McKervey promotes four senior accountants to tax managers; announces expanded role for director of marketing

Southfield, Mich.—August 5, 2019— Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, is pleased to announce that four senior accountants have been promoted to tax managers. The announcement of the new tax manager promotions was made by Clayton & McKervey President Rob Dutkiewicz, CPA, and includes the following:

Tarah Ablett, CPA helps clients in the integrators industry take advantage of the research and experimentation credit.  She works with large international consolidated groups of entities to fulfill the many required federal, state and foreign compliance filings. The Rochester Hills resident received her B.S. in Accounting from Oakland University in 2006.

Miroslav Georgiev, CPA, is the team lead of Clayton & McKervey’s state and local tax practice.  Helping inbound and outbound clients with an international focus to succeed, he is involved in tax planning as well as structuring and compliance—and has experience in the private equity/venture capital industry.  He received his bachelor’s degree in Accountancy and his Masters in Taxation (MST) from Walsh College, and lives in Rochester Hills.

Eric Lin, CPA, works closely with foreign inbound and outbound clients to help them with their tax and accounting needs, ensuring that their foreign filings are in compliance.  He received his Master of Science in Accountancy (MSA) from Eastern Michigan University and is a resident of Oakland Township.

Ruben Ramirez, CPA, is part of the transaction advisory group focusing on tax due diligence, deal structuring, business valuation and related tax planning. He assists owners of closely held pass-through businesses achieve their tax objectives while managing their ongoing compliance needs.  Ramirez received his B.S. in Business Administration–Finance from Wayne State University and his M.S. in Finance from Walsh College. He is accredited in business valuations (ABV) and resides in Dearborn.

“We are pleased to acknowledge these impressive young leaders in their new role as tax managers,” Dutkiewicz said. “Tarah Ablett, Miroslav Georgiev, Eric Lin and Ruben Ramirez have done outstanding work for our clients, and we look forward to their ongoing commitment to achieving success.”

In addition, Dutkiewicz announced that Denise Asker, formerly the Director of Marketing, will take on added responsibility in practice growth for the firm. Reflecting the expanded role, her new title is Director of Marketing & Practice Growth. Asker is responsible for initiating activities that support long-term relationships with clients, future clients, chambers of commerce, economic development partners, and business associates, in addition to the delivery and execution of a marketing strategy that supports the firm’s brand and public image.

About Clayton & McKervey

Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace.  The firm is headquartered in metro Detroit and services clients throughout the world.  To learn more, visit claytonmckervey.com.

###

Media Contacts: Barbara Fornasiero, EAFocus Communications; barbara@eafocus.com; 248.260.8466; Denise Asker, dasker@claytonmckervey.com; 248.936.9488

 

Clayton & McKervey shareholder offers 6 targeted questions for businesses considering overseas expansion

Southfield, Mich.—July 29, 2019—Susan Tuson, CPA, a shareholder with Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, encourages U.S. manufacturers and entrepreneurs to know their options when it comes to overseas business expansion.

“When the idea of expanding a business overseas is considered, the first questions are typically, ‘What’s the best way to start?’ ‘Should I set up an office immediately or use an independent contractor familiar with the country?’ As with all business decisions, the answer depends on the nature of the business goals,” Tuson said.
Tuson addresses the following questions when determining how to best approach an overseas business expansion analysis:
• Is the expansion to service an existing customer?
• Is the expansion to reach a new population of customers?
• Does the expansion serve a marketing purpose, such as the ability to say, “We have manufacturing in country X a low-cost jurisdiction?”
“The business goals will drive the process,” Tuson said. “Sometimes a company is looking for a way to test market conditions prior to making a substantial investment. They may do this by considering the use of an independent contractor in the target country. The advantage is there are very little, if any, capital investment or administrative compliance costs to hiring an independent contractor. However, many of the independent contractor issues that exist in the U.S. are similar overseas.”
Tuson outlines three key considerations when using independent contractors to test the waters overseas.
• What are the duties of the independent representative/distributor?
“Many countries have rules similar to the U.S. that would examine whether the ‘independent’ contractor is truly independent. If not, the independent contractor could be considered an employee, thereby making the U.S. company subject to all the employment laws, taxes, and payments of an employer in the jurisdiction,” Tuson said.
• What type of authority does the independent contractor have? Can they execute contracts on behalf of the U.S. Company?
“If an agent regularly exercises the authority to enter into contracts, they are likely to be creating a taxable presence in countries where the U.S. has an income tax treaty. The threshold may be lower for non-treaty countries,” Tuson said.
• Will you have enough control over an independent contractor to protect your brand and customer list? “It is important to understand the local laws related to the status and rights of an independent contractor/distributor. An iron clad contract should be in place that protects the company and supports its subcontractor versus employee status, as well as the rights and obligations of each party,” Tuson said.

If, after the exploration process has been completed and it is determined to move forward with overseas expansion, Tuson urges business owners to use international tax and accounting specialists and legal counsel well-versed in global business operations.

About Clayton & McKervey
Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

###

Clayton & McKervey shareholder to present an alternate solution to revenue and lease accounting standards at 2019 AICPA Engage

Southfield, Mich.—May 21, 2019—Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, announced that shareholder Julie Killian, CPA, is part of a panel that will present on the advantages of implementing a financial reporting option for smaller businesses at the 2019 American Institute of Certified Public Accountants (AICPA) Engage conference. The professional development event for accounting and finance professionals takes place June 9–13 in Las Vegas.

Along with Killian, session speakers Mike Brand Johnson, a partner at Feigley, Newton & Brand, LLP, and Robert Durak, Director of Audit & Accounting Technical Services for the Association of International Certified Professional Accountants, will discuss how accountants can help many private, small- and medium-sized businesses to avoid the difficulties that stem from the new revenue and lease accounting standards. Their presentation, “Does Your Client Have to Adopt the Revenue and Lease Standards? An Alternative Solution,” will take place on June 10 at 3:45 p.m.–4:35 p.m. and cover key topics including:

1) The fundamental principles of the Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs)
2) How the FRF for SMEs differs from other accounting frameworks
3) How to transition financial statements to the FRF for SMEs

In October 2018, Killian was appointed to the Technical Issues Committee (TIC) of AICPA’s Private Companies Practice Section (PCPS). This national committee is made up of CPA practitioner volunteers who work to represent the views of local firms and their clients in the standards-setting process. TIC monitors the activities of the various standard setting boards including the FASB, GASB and ASB, as well as other AICPA senior committees, and submits comments and recommendations to the standard setters as the collective voice of small and medium-sized firms, as needed. Earlier this month, TIC sent a letter to FASB to request a one-year delay on implementation of a new lease standard, citing an overload of new accounting standards for private companies that are all effective within a similar time frame. The letter was picked up by numerous accounting and business publications including the Wall Street Journal and is currently under consideration by FASB.

Killian was named a shareholder at Clayton & McKervey in July 2018, and leads the firm’s Assurance practice. She works with owners, CFOs and controllers of closely-held companies with operations in the United States, Europe, Asia and Mexico and is focused on the technical and compliance aspects of reporting, including audits and reviews of corporate financial statements, audits of employee benefit plans, and reviews of internal controls and performance reporting. Additional areas of expertise include U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), AICPA Financial Reporting Framework for Small and Mid-sized Entities (FRF-SME) and the updated revenue recognition standard released by the Financial Accounting Standards Board (FASB) in 2015. Killian holds a Bachelor of Arts in Accounting from Michigan State University and IFRS certification from the American Institute of Public Accountants.

About AICPA
The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 431,000 members, and has a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. Its mission is to drive a dynamic accounting profession ready to meet the demands of a constantly changing, disruptive world—providing the tools, resources and intelligence needed to clarify complexity, anticipate risk and create opportunity.

About Clayton & McKervey
Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

###

Clayton & McKervey shareholders to participate on ACG Detroit panel about Navigating Cross-Border Transactions on June 7

Southfield, Mich.—May 15, 2019—Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, announced that two of its CPA shareholders, Tim Hilligoss and Margaret Amsden, will be participating in an upcoming panel hosted by ACG Detroit about “Navigating Cross-Border Transactions.” The program will take place on Friday, June 7, from 7:30 a.m. to 9:30 a.m., at The Townsend Hotel in Birmingham, Mich.

The event is designed to help business owners understand the legal, business, banking and accounting issues that surface in a cross-border transaction. The panel will present a description of steps that business owners can take to prepare their companies for successful cross-border transactions, in addition to discussing practical concerns, common issues and best practices.

Hilligoss, who will be a speaker on the panel, provides leadership to Clayton & McKervey’s growing Transaction Service practice. He was recently named Advisor of the Year by the ACG Detroit and was honored at the organization’s fourth annual ACG M&A All Star awards.

Amsden, who will serve as a moderator on the panel, specializes in partnership and Limited Liability Corporation structuring; transaction consulting, structuring and compliance; and mergers, acquisitions and reorganizations. She is a board member for ACG.

For more information about the event as well as a complete list of panelists, please visit https://www.acg.org/detroit/events/navigating-cross-border-transactions.

About ACG
Founded in 1954, the Association for Corporate Growth (ACG) is a global organization with 59 chapters. Its membership is comprised of 14,500 professionals from private equity firms, corporations and lenders that invest in middle-market companies, as well as from law, accounting, investment banking and other firms that provide advisory services. For more information, visit https://www.acg.org/.

About Clayton & McKervey
Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

###

Clayton & McKervey shareholder to present on the impact of tax reform at the 2019 CSIA Executive Conference

Southfield, Mich.—April 5, 2019—Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, announced that shareholder Sarah Russell, CPA, will be a presenter at the 2019 Control System Integrators Association (CSIA) Executive Conference. Now in its 25th year, the conference takes place April 30–May 3 in Asheville, N.C.

Russell’s workshop, May 2 at 1:30 p.m., will focus on “How Tax Reform Impacts Systems Integrators.” She’ll cover key topics, including:

• The impact of the pass-through deduction
• Entity choice evaluation, including how Research & Experimentation Tax Credits impact such decisions
• Considerations for potential accounting method changes
• Review of bonus depreciation and Section 179 rules
• Review of business loss limitations and new net operating loss (NOL) rules
• Limitations on meals and entertainment deductions
• High-level overview of international rules
• Brief overview of individual tax impacts

At Clayton & McKervey, Russell is a point person for implementing tax strategies to help business owners reduce their tax liabilities and maximize cash flow. She advises owners and executive teams of both global and domestic companies on tax planning and tax savings strategies and global operational structuring, working in a variety of industries, including manufacturing and system integration. Russell holds a Masters of Business Administration from Wayne State University and a Bachelor of Science in Accounting from the University of Michigan–Dearborn.

About CSIA
Founded in 1994, the Control System Integrators Association (CSIA) is a not-for-profit, global trade association that seeks to advance the industry of control system integration. Control system integrators use their engineering, technical and business skills to help manufacturers and others automate their industrial equipment and systems. CSIA helps members improve their business skills, provides a forum to share industry expertise, and promotes the benefits of hiring a certified control system integrator. CSIA has over 500 member companies in 40 countries.

About Clayton & McKervey
Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

###

Clayton & McKervey named to Accounting Today’s Top Firms – Great Lakes Region

Southfield, Mich.—March 26, 2019—Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, is pleased to announce it has been included on the list of Top Firms in the Great Lakes Region by the accounting profession’s leading trade publication, Accounting Today. The list was released as part of Accounting Today’s annual listing of the Top 100 Firms in the nation. The Top Firms: Great Lakes considers public accounting firms based in Indiana, Michigan, Ohio and Wisconsin.

“Clayton & McKervey is so pleased to be included on this list of top firms in the Great Lakes region,” Clayton & McKervey President Rob Dutkiewicz, CPA, said. “With a focus on entrepreneurial, global growth-oriented clients, we bring a unique perspective to the business marketplace – and our clients are responding and driving our own business growth. This recognition presents a great opportunity to thank our clients and also acknowledge the terrific efforts of the entire Clayton & McKervey team.”

Clayton & McKervey clients include privately held companies and systems integrators. Services offered include tax, assurance, accounting, consulting and international services, including transfer pricing, international tax, foreign direct investment and global expansion. International practice areas include Mexico and China. Within its consulting services, Clayton & McKervey has a growing transactions services practice and also offers business planning and succession and exit strategies.

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

###

Clayton & McKervey: “R&E tax credit is a ‘smart’ incentive for Industry 4.0 companies to improve financial performance”

Southfield, Mich.—December 13, 2018—Automation continues to revolutionize the economy, but many thriving companies are not utilizing federal and state tax credits and incentives in the area of research and development that support Industry 4.0 adoption and growth, according to Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit. Sarah Russell, CPA, a Clayton & McKervey shareholder who advises clients on Research & Experimentation tax strategies, believes there has never been a better opportunity for businesses—including “smart” manufacturers—to explore and capitalize on these cash savings.

“Real-time data, combined with an understanding of the impact of tax credits and incentives, can often make a business more nimble and competitive,” Russell said. “The Research & Experimentation (R&E) tax credit, also known as the R&D tax credit, has given businesses a powerful tool to strategically improve their bottom line, but it is often overlooked or unclaimed—even with the new tax law.”

The R&E benefit is available for the development or improvement of products, processes, techniques, formulas, inventions or software and is a dollar-for-dollar credit against the taxpayer’s federal income tax liability, which means companies may get a twofold benefit—the deduction in the year the expenditure is paid, as well as by claiming the tax credit.

Tim Finerty, CPA, a Clayton & McKervey shareholder who addresses the needs of growth-driven businesses in the manufacturing, system integrator, distribution and service related industries, says that some of the best candidates for the R&E tax credit are companies that have business related to technology, industrial production and design, but also some machine shops, tool and die shops, and custom machine manufacturers.

“S-corporations, start-ups and partnerships in the business of improving industrial production processes through controls, automation or system integration should definitely consider the R&E tax credit,” Finerty said, “but many of these businesses are thinking about converting to a C-Corp structure under the new tax law.”

Before a change in structure, Finerty cautions that additional factors should be considered like whether the business qualifies for the pass-through deduction; if the business generates research credits; whether the business will pay dividends to its owners; and the long-term exit strategy of the business.

“The answer lies in the way the tax law is written,” Finerty said. “R&E credits generated by a business can be used to offset any income generated from that same business activity, so converting to a C-Corp may not be the best solution.”

Russell and Finerty outline examples of Qualified Research Activities (QRAs) under the R&E credit:
• Providing custom control and automation solutions for various applications
• Developing new functionality or performance to meet customer specifications
• Development of schematic drawings for integration of system components
• Designing and developing cost-effective and innovative operational processes
• Developing new tool-specific fixturing or other tooling
• Improving processes through robotics or other types of automation techniques
• Experimenting with new alloys or other materials
• Testing new mold/die designs through sampling or trial
• Providing product and system solutions, including design engineering and mechanical fabrication
• Performing evaluations and system test
• Implementation of automated systems

There may also be Qualified Research Expenditures (QREs) if companies can substantiate how the expenditures are connected to the qualified activities including:
• Qualified Wages of Employees performing qualified activities, supervising qualified activities and supporting qualified activities
• Supplies used to fabricate prototypes/items consumed during the conduct of research
• Contract Research–65 percent of fees paid to outside consultants/subcontractors/ engineers/software developers
• Estimates are allowed, however documentation of how the estimates were determined must be provided and reasonable methods must be used

Tax savings can be extensive; for example, one Clayton & McKervey client that designs, manufactures and installs purification systems tallied an approximate R&E tax credit of $1 million for 2014-17; another client who manufactures and installs integrated cleaning solutions for industrial applications will get a $475,000 in an R&E tax credit. Other examples of companies benfitting from the R&E tax credit are a designer and manufacturer of custom container and packaging products that saved almost a half-million dollars and a company that designs and builds custom conveyor systems that saved $1.4 million over three years.

“It’s definitely worth it for companies, especially those who have moved forward with an Industry 4.0 approach, to take a second look at its qualified research activites to make sure it’s receiving all the money it can,” Russell said.

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

###

Clayton & McKervey presents Brexit and Cross Border Opportunities at special lunch and learn event on Nov. 12 at Automation Alley

Southfield, Mich.—Oct. 22, 2018—Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, announces a lunch and learn titled ‘Brexit and Cross Border Opportunities’ on November 12, 2018 from 11:30 a.m. to 1:30 p.m. at Automation Alley in Troy. The event is designed for business owners expanding globally, as well as economic developers looking for deeper insights on trade and related international topics.

For the event, Clayton & McKervey will be partnering with PrimeGlobal, one of the five
largest associations of independent accounting firms in the world, comprised of approximately 300 successful independent public accounting firms, including Clayton & McKervey, in more than 80 countries. Clayton & McKervey President Rob Dutkiewicz is member of the North America board of directors of PrimeGlobal. International accounting professionals Ulrich Britting, Owner of Best Audit, Germany, and Robert Lissauer, Director Taxation & International Advisory at Hall Chadwick, Australia, both members of Prime Global who are visiting the U.S., will discuss the changing environment for cross border trade, with special attention on their home countries.

Global business topics planned for discussion include:
• Brexit—not just a UK issue
• Global market conditions
• Free trade agreements
• China dynamic
• Impact of U.S. tax changes

There is no charge for the event, but pre-registration is required and can be completed through the Clayton & McKervey website. Automation Alley is located at 2675 Bellingham, Troy, MI 48083

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

Clayton & McKervey shareholder appointed to Judson Center Board

Southfield, Mich.—Oct. 16, 2018—Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, is pleased to announce that shareholder Kevin Johns has been appointed to the Board of Trustees of Judson Center, a community based human services center with locations in Genesee, Macomb, Oakland, Wayne and Washtenaw counties.

Judson Center’s mission is to provide expert, comprehensive services in Southeast Michigan that strengthen children, adults and families impacted by abuse and neglect, autism, developmental disabilities, and mental health challenges so they are successful in their communities. For more information about the Judson Center, visit the website.

“I am very excited to have Kevin Johns join Judson Center’s Board of Trustees,” Lenora Hardy-Foster, Judson Center President & CEO, said. “As a Trustee, Kevin will be working with the board members to oversee the governance of our organization as we continue to move our mission forward. With his experience and talents, he is a great addition to Judson Center and I, along with our entire Judson Center Board, look forward to working with him.”

At Clayton & McKervey, Johns specializes in maximizing U.S. and foreign tax credits and incentives, corporate federal and state tax planning, IRS and State of Michigan audit representation, individual tax planning, IC-DISC analysis, closely held corporate tax strategies and organizational structure for foreign entities

In addition to Judson Center, Johns is active in several other professional and civic groups. He is the Treasurer of the Canadian United States Business Association, a member of the Consulate General of Canada, a member of the MICPA Accounting for Tax Practitioners committee, a member of the American Institute of Certified Public Accountants, Chairman of the Board of Faith Baptist Church and President of the Board of Faith Christian School.

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.