Student Team Wins $2,000 In First-Ever UHY + Mike Ilitch School Of Business Tax Competition Or “Taxitition”

DETROIT, Mich. (November 20, 2019) – There are some things money simply can’t buy, and experience is one of them. Three students from Wayne State University’s Mike Ilitch School of Business received both – invaluable experience and money – after taking first place in the school’s first-ever “Taxitition” tax case competition.

This year’s winning team of finance and accounting students, aka the “Write-off Warriors,” David Borg, Brian Boeskool and Golam Tanzim, took home the top prize of $2,000.

In partnership with UHY, a leading national CPA firm with offices in Wayne, Oakland, Washtenaw and Macomb counties, the Ilitch School hosted the three-day case study competition Nov. 14-16. The goal was to help students learn why understanding taxes is so important in the corporate world.

“There is a huge unmet demand in the job market for tax accountants. This competition gave our students the opportunity to simulate real-world conditions in a friendly, competitive environment,” said Matthew Roling, Wayne State’s accounting department chair. “The teams had to be focused, creative and think on their feet. UHY’s investment in this program shows how much they care about our students’ success.”

The competition was broken into three parts. On day one, students gathered to hear about the case study and begin working on their presentations. On day two, they met with UHY mentors to review their progress with seasoned tax professionals and refine their answers. On the competition’s third and final day, the teams presented their solutions to a panel of judges comprised of UHY professionals and Ilitch School faculty. Each team had 20 minutes to present and a 10-minute Q&A session.

“We were impressed by all of the participants; their thought process and analytic skills exceeded our expectations. The winning team edged out their competitors by combining a strong advisory approach with a polished presentation,” said Tom Callan, CEO of UHY’s Great Lakes Region.

This year’s winning team earned a $2,000 cash prize as well as lunch with Callan at the Detroit Athletic Club. The second-place team earned $100 for each member.

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About WSU’s Mike Ilitch School of Business
The Wayne State University Mike Ilitch School of Business prepares students for challenging and rewarding careers, advances the boundaries of scholarly and practitioner knowledge, and enhances the economic vitality of the city of Detroit, the state of Michigan and beyond through its programs, research and community engagement. Established in 1946, the business school was renamed in 2015 in recognition of the $40 million gift from Mike and Marian Ilitch. Thanks to this lead investment, the school moved to a new state-of-the-art building in the heart of The District Detroit in 2018, and academic programming and collaboration with city businesses are expanding. For more information, visit ilitchbusiness.wayne.edu.

About UHY LLP
UHY LLP, a licensed CPA firm, provides audit and other attest services to publicly traded, privately owned and nonprofit organizations in a number of industry sectors. UHY Advisors provides tax and advisory services to entrepreneurial and other organizations, principally those enterprises in the dynamic middle market. UHY LLP, operating in an alternative practice structure with UHY Advisors, forms one of the largest professional services firms in the US. While that scale might provide confidence for some clients, others tell us our greatest value is the way we bring these resources to bear to help address today’s evolving business challenges. It’s a philosophy we call “The Next Level of Service”. To learn more visit www.uhy-us.com.

UHY Strengthens Presence in Europe: New Member Firm in Bosnia and Herzegovina Joins the UHY Network

We welcome, Revident d.o.o., our new member firm in Bosnia and Herzegovina to the global accountancy network UHY, extending our coverage within Europe. The firm is in the process of adopting the UHY branding and will soon be known as UHY Revident d.o.o.

Established in 2006, the firm’s main office is based in Mostar with further offices in Grude and Sarajevo. The team brings wide-ranging experience in audit, advisory, corporate finance and tax services to a portfolio of domestic and international clients primarily represented in the art and entertainment, hospitality, manufacturing, mining and quarrying and retail sectors.

Senior partner, Božo Vukoja comments: “Being part of the UHY global network underpins our commitment to deliver quality services and enhances the services and advice we can offer our clients. The global presence of the network combined with the expertise and knowledge shared among UHY’s 8,200 colleagues around the world, not only strengthens our own capabilities, locally and internationally, but also these of our current and potential clients and their operations.”

Rick David, chairman of UHY comments: “We are delighted to welcome Revident d.o.o. to the UHY network. Bosnia and Herzegovina, is embarking on a new growth model and continues to embrace economic change including its impending membership to the European Union. Revident d.o.o.’s membership extends our footprint in Europe and strengthens UHY’s regional market expertise and capabilities to serve our international clients who have business interests in this country and the wider region.”

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About UHY LLP
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. 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 and UHY Advisors, Inc. are US 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 LLP and/or UHY Advisors (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.

UHY liaison office for Revident d.o.o
Contact: Matko Knezevic, +387 63 371 789, Email: matko.knezevic@revident.ba W: www.revident.ba

About UHY
Established in 1986 and based in London, UK, UHY is a leading network of independent audit, accounting, tax and consulting firms with offices in over 320 major business centres across 100 countries. Our staff members, over 8,200 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to www.uhy.com.

UHY is a member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org

UHY press contact: Dominique Maeremans on +44 20 7767 2621 Email: d.maeremans@uhy.com.

Kane Polakoff Joins UHY Advisors to Launch Client Accounting Advisory Services

Kane Polakoff has joined UHY Advisors as practice leader of the Client Accounting Advisory Services (CAAS) practice. The CAAS mission is to provide high-value solutions and exceptional customer service to clients by allowing client management additional time to run their enterprise. Within his role, he will work with existing and new clients to deliver customized programs to meet clients’ individual needs.

Over 22 years, Polakoff has had national and international executive roles in management consulting, business process outsourcing and business transformation. He has been responsible for successfully delivering end-to-end solutions to small, midsize, and Fortune 100 companies within different business sectors such as health care, retail, not-for-profit and manufacturing. He has a B.S. in Business Administration from the University of California at Riverside. He will sit within the firm’s Great Lakes region, but will serve all of the firm’s offices across the country.

“It is an exciting time to be on the leadership team of the CAAS practice as automation and innovations through enhanced technology stacks enable UHY to expand service to clients in these ever-changing competitive times.” Polakoff said.

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About UHY Advisors
UHY Advisors, Inc. (“UHY Advisors”) operates in an alternative practice structure with UHY LLP, a licensed CPA firm, collectively forming one of the top professional services firms in the country, providing comprehensive audit, attest, tax and business advisory services to a wide range of clients principally in the dynamic middle market. To learn more visit www.uhy-us.com. UHY LLP and UHY Advisors are US members of UHY International (“UHYI”), a network of independent accounting and consulting firms. UHYI is ranked among the top international accountancy networks and a full member of the Forum of Firms.

UHY Strengthens Presence in the Americas: New Member Firm in Paraguay Joins the UHY Network

Sterling Heights, Mich. July 23, 2019 — We welcome, Consultoria Integral Del MERCOSUR (CIME), our new member firm in Paraguay, to the global accountancy network UHY, extending our coverage within the Americas region. The firm is in the process of adopting the UHY branding and will soon be known as UHY Consultoría Integral Del MERCOSUR (UHY CIME).

Consultoría Integral Del MERCOSUR (CIME), was established in 2000. With a team of 26 staff and two partners, the firm is based in Coronel Oviedo, with additional offices in the capital city of Asunción, as well as in the cities of Villarrica and Ciudad del Este. The team brings wide-ranging experience in audit, accounting, tax, insolvency and corporate recovery, corporate finance, management and IT consultancy to a portfolio of domestic and international clients.

Managing partner of Consultoría Integral Del MERCOSUR (CIME), Miguel Vera comments: “The UHY network’s collaboration, combined with the reputable UHY brand, will give our firm a competitive edge in Paraguay and the wider region. The global presence of the network combined with the expertise and knowledge of UHY’s 8,200 people around the world, not only strengthens our own capabilities, locally and internationally, but also these of our clients and their operations. We look forward to elevating our business through a successful cooperation with other firms operating within the UHY network.”

Rick David, chairman of UHY comments: “We are delighted to welcome Consultoría Integral Del MERCOSUR (CIME) to the UHY network. Paraguay has economic advantages of a young population, strong agricultural industry combined with vast hydroelectric power generation capabilities. Consultoria Integral Del MERCOSUR (CIME)’s membership extends our footprint in the Americas region and strengthens UHY’s regional market expertise and capabilities to serve our international clients who have a business presence in this country and the wider region.”

About UHY LLP

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. 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 and UHY Advisors, Inc. are US 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 LLP and/or UHY Advisors (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.

UHY liaison office for Consultoría Integral Del MERCOSUR (CIME)
Contact: Miguel Vera, on +595 521 202386, Email: cime@cime.com.py, W: www.cime.com.py

About UHY
Established in 1986 and based in London, UK, UHY is a leading network of independent audit, accounting, tax and consulting firms with offices in over 320 major business centres across 100 countries. Our staff members, over 8,200 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to www.uhy.com.

UHY is a member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org

UHY press contact: Dominique Maeremans on +44 20 7767 2621 Email: d.maeremans@uhy.com.

UHY strengthens presence in the Middle East: New member firm in Egypt joins the UHY network

We welcome two full member firms to the global accountancy network UHY, extending our coverage within the Middle East region: United For Auditing, Tax, Advisory & Financial Services, and in Alexandria, Waled Mounir and Muhammad Arafa. The firms are in the process of adopting the UHY branding and will soon be known as UHY United For Auditing, Tax, Advisory & Financial Services and UHY Waled Mounir and Muhammad Arafa respectively.

Our primary office in Cairo, United For Auditing, Tax, Advisory & Financial Services, with a team of 27 staff including four partners, previously partners with Big 4 audit firms, bring together over 30 years of professional and wide-ranging experience in audit, tax, advisory and transaction services to a portfolio of domestic and international clients primarily represented in the banking & financial services, construction, manufacturing, oil & gas and tourism sectors.

Managing partner, Nabil Istanbouli of United For Auditing, Tax, Advisory & Financial Services comments: “Being part of the UHY global network underpins our own values, commitment to deliver quality services and our vision of partnering with our clients to provide agile and practical solutions. We look forward to elevating our business through a successful cooperation with other member firms operating within Egypt and the wider UHY network.”

Based in Alexandria, Waled Mounir and Muhammad Arafa, established in 2013, brings further wide-ranging experience in audit, accounting, tax, insolvency and corporate recovery, corporate finance and consultancy services to a diverse portfolio of primarily clients represented in the construction, logistical solutions, shipping and transport sectors. The firm’s partners founded a not-for-profit organisation AAIA, an Association of Accountants and Internal Auditors, supporting companies in the Arab world with qualified accountants and internal auditors.

Managing partner, Waled Mounir of Waled Mounir and Muhammad Arafa comments: “We are committed to provide the necessary competitive resources to help our clients operate more efficiently in a global market place. The global presence of the network combined with the expertise and knowledge of UHY’s 8,100 colleagues around the world will also enhance those of our clients and their operations.”

Rick David, chairman of UHY comments: “Egypt as a country has seen many welcomed reforms recently to stabilize and strengthen its economic position driven by public investments, private consumption, and exports of goods and services. We are delighted to welcome to the UHY network two new member firms in Egypt, equally enthusiastic, entrepreneurial and keen to join their efforts.

The firms will greatly extend our footprint in the Middle Eastern region and strengthen UHY’s regional market expertise, enhance our values and capabilities to serve our international clients who have investments and a business presence in this country and the wider region.”

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About UHY LLP
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. 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 and UHY Advisors, Inc. are US 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 LLP and/or UHY Advisors (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.

United For Auditing, Tax, Advisory & Financial Services
Contact: Ahmed Hegazy on +20 2 251 75598 Email: ahmed.hegazy@uhy-united.com W: www.uhy-united.com
Waled Mounir and Muhammad Arafa
Contact: Waled Mounir on +20 3 424 3371,waled.mounir@uhy-eg-alex.com, www.uhy-eg-alex.com

About UHY
Established in 1986 and based in London, UK, UHY is a leading network of independent audit, accounting, tax and consulting firms with offices in over 320 major business centres across 100 countries. Our staff members, over 8,200 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to www.uhy.com.

UHY is a member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org

UHY press contact: Dominique Maeremans on +44 20 7767 2621 Email: d.maeremans@uhy.com.

UHY Cares Charity Poker Tournament Brings in Over $41k

Employees, their friends and associates of UHY LLP, certified public accountants, in conjunction with UHY Cares, the firm’s independent 501c(3)organization, celebrated their 12th annual Texas Hold‘Em tournament on Feb. 7. The charity poker event was held at Petruzello’s in Troy, Michigan and was packed with 175+ players, dozens of sponsors and donors who helped raise funds for several local nonprofit entities.

“We had surprise donations from multiple friends of the firm that we were extremely grateful for,” said Steve McCarty, newly elected national CEO. “Our attendees, donors and sponsors make this event special, everyone is having fun with a little friendly competition and raising money for a number of great organizations in the process. “It’s a great event that receives more and more interest every year.”

These donations come on the heels of the firm’s 50th anniversary in which they contributed $50,000 to 50 local charities in the form of $1,000 donations.

UHY LLP, a certified public accounting firm, operates its charitable giving activities through UHY Cares, an independent nonprofit 501c3 organization. Cares, which was incorporated nearly 10 years ago, was an idea inspired by employees and is volunteer based. Through UHY Cares, employees are able to give back to the community, including helping individuals going through personal emergencies or hardships. UHY Cares Michigan has provided assistance to over 150 local charities and families and continues to grow this list every year.

Special thanks to: Abbott Nicholson, Arthur J. Gallagher & Co., Belmont, Citizens Bank, Creative Benefit Solutions, DEM Group, LLC, Giarmarco, Mullins & Horton, P.C., Happy Hair Productions, Huntington Private Bank, Huntington Bank, Level One Bank, Telemus Capital Partners, TPI, Warner Norcross + Judd

UHY Advisors Appoints Five New Managing Directors, Four from Michigan Practice

UHY Advisors Michigan, Inc., announced the appointment of four new managing directors: Michelle Felmlee, Brent Jones, Chad Kime and Todd Tigges. A fifth person from Missouri also made managing director, Jill Starrs.

Additionally, UHY Advisors Michigan, Inc. promoted 73 other employees, including five principals: Kevin Burns, Cory McNeley, Andrew Molokac, Stephanie Rosenbaum and Jeff Solis.

The firm’s Michigan practice is the fifth largest accounting firm in southeast Michigan with over 400 employees.

Michelle Felmlee is a managing director of UHY Advisors MI, Inc. and partner of UHY LLP. Felmlee specializes in providing audit and review services for both public and privately owned companies, including reporting on internal controls. She is responsible for implementing new accounting standards and appropriate application of GAAP and SEC reporting requirements across a diverse client base. Felmlee received her B.B.A. in Accounting from Western Michigan University and M.B.A. from Walsh College. She is a licensed CPA in the state of Michigan.

Brent Jones is a managing director of UHY Advisors MI, Inc. and partner of UHY LLP. Jones built his practice in serving the manufacturing, franchise and transportation industries. He works closely with business owners to protect their assets and is also instrumental in the development and implementation of strategic turnaround plans and securing financing for growth and buy/sell opportunities. Jones performs year-end tax planning, tax compliance, financial statement, audit preparation and reviews and compilation services. He received his B.A. in Accounting from Michigan State University and M.B.A. in Tax from Wayne State University. Jones is a licensed CPA in the state of Michigan.

Chad Kime is a managing director of UHY Advisors MI, Inc. and partner of UHY LLP. Kime is a leading member of the Enterprise Business Services team where he provides financial reporting, tax and advisory services to his clients. He creates innovative business plans for business owners, implements estate and succession plans that allow for flexibility and maximize wealth retention, and assists business owners throughout the process of a purchase, sale or merger. Kime specializes in freeing capital to allow businesses to meet growth strategies and financial and business management strategies with an emphasis on turnaround and strategic planning. He received his B.S. in Accounting from Northwood University and is a licensed CPA in the state of Michigan.

Todd Tigges is a managing director of UHY Advisors MI, Inc. and partner of UHY LLP. Tigges possesses extensive knowledge related to tax compliance issues, federal, state and local tax planning, and works with clients that have multiple related entities, all structured to minimize tax liability and preserve wealth. He serves middle-market clients in a wide range of industries with an emphasis on staffing, health care and real estate companies. Tigges was instrumental in addressing concerns surrounding the Tax Cuts and Jobs Act and he serves as the firm’s resident authority for matters concerning the Affordable Care Act. He received his B.A. in Accounting from Western Michigan University and is a licensed CPA in the states of Michigan and Ohio.

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About UHY Advisors
UHY Advisors provides tax and advisory services to entrepreneurial and other organizations, principally those enterprises in the dynamic middle market. UHY LLP, a licensed CPA firm, provides audit and other attest services to publicly traded, privately owned and nonprofit organizations in a number of industry sectors. UHY Advisors, operating in an alternative practice structure with UHY LLP, forms one of the largest professional services firms in the US. While that scale might provide confidence for some clients, others tell us our greatest value is the way we bring these resources to bear to help address today’s evolving business challenges. It’s a philosophy we call “The Next Level of Service”. To learn more visit www.uhy-us.com.

All of the above entities are members of Urbach Hacker Young International Limited (“UHYI”), a worldwide network of independent professional services firms that provide audit, tax and advisory services around the globe. UHYI is ranked among the top international accountancy networks and a proud member in good standing of the Forum of Firms. Collectively, the US operating entities (UHY Advisors and UHY LLP) are the largest independent members of UHYI with significant participation, bringing the power of the international network to serve the individualized needs of US clients.

UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors.” 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 its subsidiary entities are not licensed CPA firms. UHY Advisors, Inc. and UHY LLP are US members of UHYI, a UK company, and form part of the international UHYI network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHYI international network. Any services described herein are provided by UHY Advisors, Inc. and/or UHY LLP (as the case may be) and not by UHYI or any other member firm of UHYI. Neither UHYI nor any member of UHYI has any liability for services provided by other members.

US Ranked Second in World for Number of Blockchain and AI Patents Being Filed – but Behind China

• US businesses filed 29 percent of all global blockchain patents in 2017
• Chinese companies have big lead in developing AI technology
• US Government may need to consider more R&D tax credits to keep pace with China

CHICAGO, January 23, 2019 —Twenty nine percent of all global patents for blockchain technology were filed by US businesses last year – ranking them second in the world – with 92 patents from a total of 314 filed with the World Intellectual Property Organization (WIPO) in 2017, shows a new study by UHY, the international accounting and consultancy network.

In comparison, Chinese businesses filed 32 percent of all global patents for blockchain technology in 2017. Chinese businesses have invested heavily in blockchain technology in recent years, with the Chinese central bank supporting the development of a blockchain-based trade finance platform to help SMEs access finance.

The study shows that Australian businesses were third, filing 40 patents (13 percent), with UK businesses in fourth, filing 34 patents related to blockchain (11 percent) with WIPO in 2017 (see table below).

In the United States, the largest filer of global blockchain patents was credit card provider Mastercard, which filed patents for developments including a system for offline blockchain exchanges.

UHY adds that the biggest filer of global blockchain patents last year was nChain, a blockchain-focused research firm based in London and Vancouver, which filed 48 patents for blockchain technology at WIPO in 2017.

UHY says that to help increase blockchain innovation even further in the US, the Emerging Technology Office of the General Services Administration launched the US Federal Blockchain programme. This is designed to help US businesses that are interested in exploring blockchain technology and its implementation within Government.

UHY explains that while European businesses have only filed a limited number of patents at the global level through WIPO, many have been more active at a local level.

US businesses rank second in the world for patenting new blockchain technology

US businesses also ahead of international rivals for developing Artificial Intelligence technology

The study also shows that US businesses are responsible for filing 65 patents related to Artificial Intelligence (AI) technology with WIPO last year. This represents 10 percent of all Artificial Intelligence related patents and is second only to the number patented by Chinese businesses.

China is ahead of its global competitors by some distance in the race to build portfolios of intellectual property in Artificial Intelligence. Chinese businesses filed 473 out of the 649 Artificial Intelligence patents (31 percent) filed with WIPO last year. (see table below).

UHY says that Chinese businesses like Baidu – often described as the ‘Google of China’ – and technology and social media conglomerate Tencent are among the world’s leading developers of Artificial Intelligence technology. Baidu filed the most Artificial Intelligence patents at WIPO in 2017, with 183.

Global competition over Artificial Intelligence technology has heated up in recent years, with many national governments putting in place programmes to support businesses and universities in developing Artificial Intelligence clusters and bringing technology to market.

UHY says the US Federal Government has prioritised funding for Artificial Intelligence and other innovative new technology. Since 2015, its investment in unclassified R&D for Artificial Intelligence and related technologies has grown by over 40 percent.

In September 2018, the US President signed a Presidential Memorandum prioritizing high-quality Science, Technology, Engineering and Math (STEM) Education. It has a particular focus on computer science education and committed $200 million in grand funds, matched by $300 million in private industry commitments.

The US’ largest filer of Artificial Intelligence patents with WIPO in 2017 was Berkeley-based start-up Bonsai AI with seven. Microsoft announced its acquisition of the business in June 2018.

New Artificial Intelligence technology developments dominated by Chinese companies – US businesses rank second

Rick David, Chairman of UHY and Chief Operating Officer of UHY Advisors in the US, comments: “The US is a world leader for developing and patenting new technology, especially related to blockchain and Artificial Intelligence.”

“In recent years, the US Federal Government has introduced a range of new programs designed to encourage R&D. The Trump Administration has also prioritized funding for fundamental Artificial Intelligence research and computing infrastructure, machine learning and autonomous systems.”

“Blockchain and Artificial Intelligence could unlock significant economic growth over the coming decades. Developing Artificial Intelligence technology is also going to be critical in determining which businesses will emerge as leaders from the next industrial revolution.”

“The businesses that are positioned best in the long term are those that benefit from private enterprise and government both investing to bring Artificial Intelligence technology to mass markets.

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About UHY LLP
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. 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 and UHY Advisors, Inc. are US 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 LLP and/or UHY Advisors (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.

About UHY, the network
Established in 1986 and based in London, UK, UHY is a leading network of independent audit, accounting, tax and consulting firms with offices in over 320 major business centres across more than 95 countries. Our staff members, over 8,100 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to www.uhy.com.

UHY press contact: Dominique Maeremans on +44 20 7767 2621 Email: d.maeremans@uhy.com.

UHY is a member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org.

UHY is an international association of independent accounting and consultancy firms, whose organizing body is Urbach Hacker Young International Limited, a UK company. Each member of UHY is a separate and independent firm. Services to clients are provided by the UHY member firms and not by Urbach Hacker Young International Limited. Neither Urbach Hacker Young International Limited nor any member of UHY has any liability for services provided by other members.

UHY Strengthens Presence in South America: New Member Firm in Brazil Joins the UHY Network

We welcome Bendoraytes & Cia – Auditores Independentes, our new member firm in Brazil, to the global accountancy network UHY, extending our coverage within South America. The firm is in the process of adopting the UHY branding and will be known as UHY Bendoraytes & Cia Auditores Independentes.

Bendoraytes & Cia – Auditores Independentes is based in the capital, Rio de Janeiro and was originally founded in 1960 in São Paulo. With a team of 87, including 10 partners, the firm provides audit, accounting, tax, corporate finance and management consulting services to a portfolio of local and international clients primarily represented in the financial, energy and manufacturing sectors.

Franklin Bendoraytes, Managing partner of Bendoraytes & Cia – Auditores Independentes comments: “We hope our local expertise and the UHY network’s collaboration will help us to enhance the services and advice we can offer our local and international clients. The global presence of the network combined with our local capabilities and knowledge of UHY’s 8,100 colleagues around the world, not only strengthens our own market position, locally and internationally, but also these of our current and potential clients and their operations.”

Rick David, chairman of UHY comments: “We are delighted to welcome Bendoraytes & Cia – Auditores Independentes to the UHY network, extending our South American coverage. Over the past two decades, strong growth combined with remarkable social progress have made Brazil one of the world’s leading economies, and we are excited to see its re-emergence as a leading financial center. Bendoraytes & Cia – Auditores Independentes’ admittance to the UHY network will further strengthen UHY’s regional market expertise and capabilities to support clients’ needs in this region. We very much support the firm’s ambitions to expand their coverage in the wider territory and are pleased to be able to serve our international clients who have a business presence in this country.”

ENDS
About UHY LLP
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. 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 and UHY Advisors, Inc. are US 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 LLP and/or UHY Advisors (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.

Liaison office for Bendoraytes & Cia – Auditores Independentes
Contact: Partner, Franklin Bendoraytes on +55(21) 3030 4662, Email: franklin.bendoraytes@uhy-br.com website: www.uhy-br.com

About UHY
Established in 1986 and based in London, UK, UHY is a leading network of independent audit, accounting, tax and consulting firms with offices in over 325 major business centres across more than 95 countries. Our staff members, over 7,850 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to www.uhy.com.

UHY is a member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org.

UHY press contact: Dominique Maeremans on +44 20 7767 2621 Email: d.maeremans@uhy.com.

UHY Advisors Names Steve McCarty as New CEO

UHY Advisors (“UHY”), a leading national accounting, tax and consulting firm, today announced that Steven McCarty has been elected CEO, effective January 1, 2019. McCarty succeeds Tony Frabotta as CEO, with Frabotta assuming the role of chairman. McCarty led the firm’s Corporate Finance line of business and was the industry service leader for the Professional Employer Organization practice at UHY. He is a member of the firm’s Board of Directors and the Michigan Region Executive Committee.

“Steve has been with UHY nearly 27 years and has proven himself as an exceptional colleague, industry professional and leader within the firm,” said Tony Frabotta, outgoing CEO. “Steve has been a trusted confidant to clients and an active participant in the local communities which UHY serves. As the leader of our Corporate Finance practice, he has been instrumental in building that service line and participating in hundreds of middle-market transactions. We are proud to have Steve step up and lead UHY’s innovation and growth on a national level.”

“I am grateful to our Board for putting their trust in me to lead UHY’s national operations,” said Steven McCarty. “Our firm is growing while the accounting profession as a whole is consolidating. Tony Frabotta has done a masterful job building UHY partner unity and creating a strong marketing mentality.” McCarty started his career at UHY in the tax department, transitioned to the audit practice and most recently, chaired the firm’s Transaction Services and Corporate Finance Group. “I look forward to focusing on the development of our associates and expanding our UHY footprint,” said McCarty. “UHY has a solid middle market reputation and when coupled with our international reach, we are uniquely positioned to grow around the US and abroad.”

Focusing on closely-held middle-market businesses, private equity owned portfolio companies and the mid-cap public marketplace, McCarty has experience advising clients on comprehensive tax, audit and business consulting solutions around the country. He has completed numerous business transactions including deal negotiations, buy and sell side strategy, due diligence, quality of earnings reports, financial analysis and modeling, tax strategies, valuations and financing.

McCarty is a Certified Management Accountant (CMA) and a licensed CPA in Florida and Michigan.

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UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors.” 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 its subsidiary entities are not licensed CPA firms. UHY Advisors, Inc. and UHY LLP are US members of UHYI, a UK company, and form part of the international UHYI network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHYI international network. Any services described herein are provided by UHY Advisors, Inc. and/or UHY LLP (as the case may be) and not by UHYI or any other member firm of UHYI. Neither UHYI nor any member of UHYI has any liability for services provided by other members.