Low Taxes in US Will Help Tourist Economy Bounce Back When Travel Ban Ends, But Further Tax Cuts Could Be Considered

● Only four countries in study have cut taxes to aid tourist economies
● Extension to tax cuts “will almost certainly be needed” as COVID restrictions continue

Low taxes in the US will help its tourist economy bounce back when travel bans finally end shows a new study by UHY, the international accountancy network. The study shows a tourist in the US pays an average of 9.7% in tax on a typical daily spend compared to a global average of 13.7%.

UHY says that despite low tax levels on the tourism industry, US states could do more to support the industry by cutting tourism taxes like other countries such as the UK has recently done.

UHY’s study shows that a tourist in the US pays $24.74 in tax on a typical daily spend worth $255, compared with global average of $34.82.

The US’s low taxes on tourism ranked it 19th in UHY’s study covering 25 countries. UHY measured the tax paid on a number of everyday purchases by tourists – one night in a four-star hotel in a major tourist city ($150), a meal for two in a restaurant ($75) and a bottle of wine ($30).

The US charges significantly lower taxes on tourist spending than economies in the region, such as Canada (16.4%) and Mexico (18.9%).

Tourism taxes vary from state to state, with some states such as New York, which is the most visited state in the country, levying a combined sales tax of 8.52% on goods and services. Other states, which may not be as popular with tourists such as Oregon, has no sales taxes, in an effort to stay competitive and attract visitors.

While tourism represents a relatively small part of the overall US economy, in many states it is a significant segment of the economy and supports many jobs. However, the travel restrictions imposed as a result of the pandemic are having a significant impact on the industry, with travel bookings at third of what they were this time last year*. As a result, the US economy could lose around $155bn**.

However, UHY’s study found that while the UK, Ireland Germany and China have been quick to make significant tax cuts to aid the tourism industry, 21 of 25 countries in the study, including the US have not yet made any cuts. The firm says that governments could consider further tax cuts to help their tourism economies.

UHY says that there is significant scope for central and local governments around the world to stimulate demand for tourist businesses by cutting taxes on consumption, alcohol duties and local taxes in tourist cities.

Even in the countries that have cut taxes on tourism, extensions will almost certainly be needed until the sector begins to recover. The UK’s 5% VAT rate for the leisure and hospitality sector is set to expire and return to 20% at the end of March 2021, while China’s zero VAT rate ends on December 31 2020. Germany has already announced that its temporary 7% VAT rate will not return to its usual 19% until July 2021. Ireland has temporarily cut its VAT rate for hospitality and tourism businesses from 13.5% to 9% until December 2021.

The tourist industry has been among those worst-hit by COVID, with restrictions on travel set to continue for at least several more months. The International Civil Aviation Authority reported in May that the pandemic is likely to have reduced air passenger numbers by 1 billion by the end of September 2020. This has caused substantial knock-on effects for sectors including hotels, restaurants and visitor attractions.

Dennis Petri, Partner at UHY LLP and Managing Director at UHY Advisors says: “Overall, the low tourist taxes for the US as a whole give it more of a helping hand compared to many other countries. However, we may soon need to do more to help the industry through one of the most difficult periods it has ever faced.”

“The US is already extremely popular among travelers and is home to some of the worlds most visited destinations. Tax cuts could be a way to not only attract tourists back when international travel restrictions are lifted but also stimulate domestic travel in the interim. With a vaccine finally on the horizon, we need to start planning for the post-coronavirus recovery.”

“It’ll be up to states with significant tourism industries such as California and New York to make a concerted effort to drum up travel through more attractive tax rates in order to boost the sector for the US as a whole.”

“This is a state issue – local and regional governments could also do more to help. Some cities levy specific taxes on hotel rooms and suspending those charges for a period would lift a little more of the burden from tourists and the hospitality industry.”

UHY says that Europe (11.3%) has lower taxes than the global average on tourism. Some European countries that rely relatively heavily on their tourism industries have among the lowest tourist taxes in UHY’s study, including Spain (10%) and France (11.6%).

*LSE October 2020
**World Travel & Tourism Council

Tourism taxes in the US make up 9.7% of a tourist’s typical daily spend

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.

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: Leigh Lyons on +44 20 7767 2624 Email: l.lyons@uhy.com – www.uhy.com

Nick Mattison or Richard Crossan
Mattison Public Relations
+44 20 7645 3631
+44 74 4637 5555
Email: richard.crossan@mattison.co.uk

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.

Former BDO Audit Partner Vin Nguyen Joins UHY LLP

UHY LLP, certified public accountants welcomes Vin Nguyen as its newest partner residing in the Great Lakes region.

Nguyen has over 25 years of experience working with family-owned, venture capital, private equity and public companies across a broad spectrum of industries. His experience includes working with clients in manufacturing, real estate, health care, and life sciences.

Spending the majority of his career with BDO, he comes with extensive experience planning, executing and managing audit engagements for both public and private companies in accordance with US GAAP, PCAOB standards, and SEC rules and regulations.

“It was a team effort to get Vin on board,” said Tom Callan, regional managing partner of UHY’s Great Lakes region. “We have known Vin for a long time, always knew he was the right fit for UHY. His years of experience working with public companies will allow us to reach deeper and offer our services at a scale that we normally would not be able to.”

Nguyen will work as part of the audit and assurance practice assisting with SEC reporting matters, business consulting and strategic planning.

Nguyen has a Bachelor of Arts in Accounting as well as an MBA from Wayne State University, and is a licensed CPA in the state of Michigan. He is a board member and treasurer for the Epilepsy Foundation of Michigan and a past member of the Asian Pacific American Chamber of Commerce.

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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.

All of the above entities are members of UHY International (“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, our US operating entities (UHY LLP and UHY Advisors) are the largest independent members of UHYI with significant participation, bringing the power of our international network to serve the individualized needs of our clients.

UHY Adds Tax Leaders in Houston

UHY Advisors, Inc., (UHY), one of the nation’s leading accounting and professional services firms (based in Farmington Hills), announces that Matt Martina, CPA, and Todd Sutherland, J.D., LL.M. (Taxation), have joined the team as tax leaders working out of UHY’s Houston Office.

Matt Martina has joined as Managing Director of International Tax Services. He provides international tax services to clients in Houston, as well as nationally. He has more than 25 years of experience in international business planning and tax consulting. Martina contributes to client service areas including structuring, due diligence, transfer pricing, IP migration, regulatory compliance (including FCPA), M&A advisory and tax optimization. He has extensive experience with complex cross-border tax planning projects.

Martina has a Bachelor of Science degree in accounting from St. Francis University.

Sutherland is new to UHY as the Director of the Research and Development Tax Credit practice. He has over 20 years of experience assisting taxpayers with claiming R&D tax credits, as well as extensive experience in defending R&D tax credit claims under IRS examination. Sutherland specializes in a number of industries including energy, manufacturing, chemical, biomedical, engineering, and contracting.

Sutherland has a Bachelor of Science degree in accounting from Millsaps College, a LL.M. in Taxation from University of Miami School of Law, and a J.D. from Mississippi College School of Law.

About UHY LLP and UHY Advisors
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 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.

UHY Study Shows Homebuyers in the US Have Some of the Lowest Rates of Property Tax in the World

Homebuyers in the US have one of the lowest rates of property tax in the world, at just 0.35% compared to the G7 average of 3.6%, shows a new study by UHY, the international accountancy network.

UHY’s study shows that a homebuyer in the US pays just $529 on a purchase of a home worth $150,000, compared with the G7 average of $5,361 (see table below).

UHY Advisors, UHY’s member firm in the US, says that low levels of property transfer tax in the US play a vital role in increasing labor market mobility and growing the economy. High levels of property transfer tax can discourage people from moving for work, as they will be forced to pay a substantial tax bill on the purchase of a new home.

For higher-value properties, tax in the US system is marginally higher at 0.37 percent on the purchase of a property worth $1 million, and 0.39 percent for a property worth $2 million.

UHY calculated an average property transfer tax rate in the US using state and city rates in place across the country – from the zero rates in Texas and Utah to the 1.5 percent and higher rates in New Hampshire and Delaware.

The US charges far lower taxes on a $150,000 property purchase than other major G7 economies such as Japan (11 percent) and France (6.7 percent). The average tax charged worldwide on the purchase of a home worth $150,000 has now reached 4.51 percent – a cost of $6,771 even for a relatively modest home.

UHY says that the cost to Governments worldwide of the coronavirus pandemic could result in pressure to increase property taxes in the coming years. A combination of lower tax revenues and expensive economic stimulus measures will leave many countries with major budget deficits that will need to be addressed.

UHY Advisors explains that the US does not have a federal system for taxes on property purchases, allowing states and cities to set their own rates. While most have kept rates low at under 0.5 percent of the property’s value, some locations have begun to levy higher taxes.

Homebuyers in Washington D.C. are taxed at the highest rates in the country on their property purchases. Someone purchasing a home in the US capital is subject to a levy of 1.1 percent on the transfer of the property and another 1.1 percent on the value of the mortgage. That means a buyer in Washington D.C. is taxed at a higher rate than in the UK, China or Canada. The US’s zero-tax states for property transfers include Oregon, Missouri, Indiana and Idaho.

The average tax paid on a home purchase has risen quickly in recent years. A previous study of property taxes by UHY, in 2013, found that G7 countries charged an average of 2.29 percent tax on the purchase of a home worth $150,000. This has now risen to an average of 3.57 percent in 2020.

Dennis Petri, Chairman of UHY International says: “Taxing property purchases is one way to increase tax receipts to address the costs of coronavirus. However, US states’ tax systems for property purchases have traditionally taken the approach of keeping the burden on individuals low, and that allows Americans to move wherever they need to go to work. That has played an important role in building the robust economy this country has.”

“Not every state and city have the same low-tax approach, however. It can be a very unpleasant surprise for someone moving to Washington D.C., New Jersey or New Hampshire to find that the closing costs on their new home include several thousand dollars of tax payments to the state.”

“Luckily for most Americans, they will never have to deal with the double-digit tax rates on home purchases that they would face in some other parts of the world.”

UHY’s study also shows that several major developed economies now charge tax worth more than 10% on the purchase of a home worth $150,000, including Belgium (11.66 percent) and Japan (11 percent).

Rates of tax on a purchase of a home worth $2 million across the United States average just 0.39 percent, while Russia levy no tax at all on purchases of residential property, regardless of value.

UHY tax professionals studied tax data for individuals purchasing a house worth $150,000, $1 million and $2 million in 27 countries across its international network, including all members of the G7, as well as key emerging economies.

Click here to see full results: https://uhy-us.com/insights/2020/july/uhy-study-shows-homebuyers-in-the-us-have-some-of-the-lowest-rates-of-property-tax-in-the-world

New member firm in Nicaragua joins UHY network

UHY welcomes Morales, Tellez & Asociados CÍa Ltda, its new member firm in Nicaragua, to the global accountancy network UHY, extending its coverage within the Central Americas region. The firm is in the process of adopting the UHY branding and will soon be known as UHY Auditores & Consultores.

The firm was established in 2012 as an accounting and consulting firm and is based in Managua, Nicaragua, the largest country in Central America. As part of the growth strategy of Morales, Tellez & Asociados CÍa Ltda, the partners are developing their offering throughout Central America in collaboration with UHY Pérez (Guatemala), a member of UHY since 2008.

Morales, Tellez & Asociados CÍa Ltda has four partners and eleven other professional and administrative staff. The firm’s managing partner is Omar Pérez and the senior partner is Mario Tellez who alongside the other partners is a licenced accountant.

Managing partner Omar Pérez comments: “The global UHY network has over 8,200 colleagues sharing expertise and knowledge for the benefit of clients and these combined resources strengthen the offering of Morales, Tellez & Asociados CÍa Ltda. UHY looks forward to a successful cooperation together with UHY Pérez (Guatemala) and across the global UHY network to help its clients operate more efficiently in a competitive marketplace”.

The firm offers a full range of services include Administration, Management Consulting, Finance, Accounting, Tax Consulting, Human Resources and Auditing. Morales, Tellez & Asociados CÍa Ltda operates across many sectors, specialising in the Pharmaceutical, Shipping, Retail, Technology and Manufacturing sectors and has a client base that includes Costa Rica, Panama, Guatemala, Colombia and Honduras.

Dennis Petri, chairman of UHY comments: “Nicaragua’s economic resources offer many opportunities. Examples include its exports such as clothing, coffee, beef, sugar as well as light manufacturing. We are delighted to welcome Morales, Tellez & Asociados CÍa Ltda to the UHY network; the firm extends our coverage and capabilities to serve clients in Nicaragua, across Central America and internationally”.

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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
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 300 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 liaison office for Morales, Tellez & Asociados CÍa Ltda
Contact Omar Pérez, Managing Partner on +502 2503 5900 operez@uhy-perez.com
W: www.uhy-perez.com

UHY global press contact: Leigh Lyons, marketing & business development manager, on +44 20 7767 2624 l.lyons@uhy.com – www.uhy.com

Jerry Grady, Partner, UHY LLP To Speak at the annual Executive Forum North America

DETROIT, Mich. — UHY LLP is proud to announce that Jerry Grady, Partner, will be a featured speaker at the 2020 Executive Forum North America: Strategies for a New World, taking place this March.

Hosted by Staffing Industry Analysts (SIA), the annual Executive Forum conference is the premier annual staffing event, offering a powerful lineup of top executives, world-renowned keynote speakers, state of the art industry suppliers, hard-hitting insights backed by industry data and real-time analyses for leaders looking to accelerate their growth and stay competitive in the global talent marketplace.

Jerry will address Cash Management Strategies on March 11, 2020 at 11:45 am

Jerry Grady has acquired a wealth of knowledge throughout his nearly 35 years in public accounting. He is the leader of the National Staffing Practice and sits on the board of a number of regional staffing industry associations. Grady is a regular speaker and webinar host for many regional staffing organizations. He spoke on Mergers and Acquisitions for the Staffing Industry Analysts in 2016.

“I am looking forward to be a part of an impressive line up of speakers and sessions at Executive Forum. Speaking at the Forum allows UHY LLP to be able to share thoughts and insights to leaders from across the industry. It is an honor to speak at this event and be a thought leader for the industry” said Jerry Grady, national staffing practice leader, UHY LLP.

“With the best of the best from across the industry, and leaders from organizations of all sizes exchanging viewpoints and insights, we have an incredibly robust and diverse line up of speakers and sessions on the agenda for Executive Forum North America,” said Barry Asin, SIA President. “We are entering a new decade in which the status quo no longer applies, and there has never been a more urgent moment to reset strategic and tactical priorities. I am especially excited to welcome attendees to our flagship event and largest annual conference, and for the conversations as we re-envision a new world for a new decade.”

Executive Forum North America 2020: Strategies for a New World will be held March 9th-12th at the Fontainebleau Hotel in Miami Beach, FL.

​For more information and registration, visit http://www.siexecutiveforum.com|@ExecForum.va

UHY Advisors Names Michael Antovski as Chief Operating Officer

DETROIT, Mich., — UHY Advisors (“UHY”), one of the nation’s leading professional services firms has hired Michael Antovski as its Chief Operating Officer. Antovski will be responsible for the oversight of the firm’s national shared services including finance, information technology, marketing, corporate compliance and human resources. He will be active in all facets of the firm’s acquisition initiatives, and will be instrumental in executing the strategic vision of the Board of Directors.

Antovski comes to UHY with over twenty years working with professional services firms, including a Wall Street law firm, a multi-national accounting firm, and a number of middle-market focused law firms. Antovski has served as the lead tax partner on many mergers and acquisitions, and has led corporate restructuring initiatives. He has extensive experience working with entrepreneurs, private equity firms and financial services organizations which has helped him develop practical operational experience.

“Michael’s depth of knowledge and hands on experience compliments our strong performance-oriented culture. He will fill a key role on our national leadership team as we witness an unprecedented amount of professional services firms desiring to merge up.” said Steve McCarty, CEO of UHY Advisors.

Antovski will reside in the firm’s corporate headquarters in Farmington Hills, Michigan. He graduated from Michigan State University with a B.A in Accounting, and a J.D. from University of Detroit Mercy School of Law, and earned his LL.M in Taxation from Georgetown University Law Center.

UHY Strengthens Presence in the Middle East: New Member Firm in Kuwait Joins UHY Network

UHY Strengthens Presence in the Middle East: New Member Firm in Kuwait Joins UHY Network

Sterling Heights, Mich February 13, 2020 —We welcome Pillars Advisory, our new member firm in Kuwait, to the global accountancy network UHY, strengthening our representation in the Middle East. The firm has adopted the UHY branding and will be known as UHY Pillars with UHY Pillars Advisory as the full member firm and UHY Pillars Audit as its affiliate.

Pillars Advisory has both local and international clients across many sectors in over 20 countries with the top five sectors being real estate, non-profit, retail, services and contracting. The firm initially offered consultancy and accountancy reviews services but now also offers assurance services.

Managing partner Wael Arafa 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 strengthens our own market position, locally and internationally and will be of great value to our current and potential clients and their operations.”

Dennis Petri, chairman of UHY comments: “We are delighted to welcome Pillars Advisory and its affiliate firm Pillars Audit to the UHY network. The addition to our network of the two firms extends our coverage and capabilities in the Middle East. Kuwait has huge reserves of natural resources, a strategic location in the Persian Gulf and is part of the implementation of Gulf Gateway projects.”

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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
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 300 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 liaison office for Pillars Advisory
Contact Wael Arafa, Managing Partner on 965 966 26 663 wael@pillarsadvisory.com
W:: www.pillarsadvisory.com

UHY global press contact: Leigh Lyons, marketing & business development manager, on +44 20 7767 2624 l.lyons@uhy.com – www.uhy.com

UHY Advisors Appoints Three New Managing Directors, Two from Michigan Practice

DETROIT— February 5, 2020 – UHY Advisors, Inc. (“UHY Advisors”), one of the nation’s leading professional services firms, announced the appointment of three new managing directors: John Bautista, Alex Conti and Kathy Crockett. Conti and Crockett are both based in Michigan.

Additionally, UHY Advisors Michigan, Inc. promoted 64 other employees, including three principals: Ali Baydoun, Andrew Gilbert and Matt Okkerse.

The firm’s Michigan practice is the fifth largest accounting firm in southeast Michigan with over 400 employees and is rapidly growing. Most recently the firm has acquired Stewart, Beauvais & Whipple in Port Huron, making it their fifth location in Michigan.

Alex Conti is a managing director of UHY Corporate Finance. He leads a team of professionals dedicated to executing transactions at all levels; including due diligence, restructuring and capital sourcing. He works closely with business owners to value companies and negotiate deals that are mutually beneficial between both parties and create new opportunities. Conti received his B.B.A. in Finance, Investments and Banking from University of Wisconsin-Madison and is a FINRA licensed representative.

Kathy Crockett is a managing director of UHY Advisors MI, Inc. She is a leader of the tax practice specializing in tax compliance, business forecasts, and tax strategies. Crockett has built her practice in multiple areas such as manufacturing, high net worth and medical industries. She is actively involved in the Women Investing in Success and Excellence Group (WISE) for the Great Lakes region. She received her B.B.A and M.S. in Professional Accountancy from Walsh College, and is a licensed CPA in the state of Michigan.
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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.

UHY LLP CPAs expands into Port Huron; merges with Stewart, Beauvais & Whipple

Port Huron, Mich. January 23, 2020 – UHY LLP, certified public accountants, with over 400 employees in Macomb, Oakland, Washtenaw and Wayne counties, has merged with Stewart, Beauvais & Whipple, of Port Huron. This is the firm’s fifth office in Michigan and entrance into St. Clair County, and positions them as a leader in nonprofit, municipal and government auditing.

“Reaching up into the thumb allows us to better serve our existing client base in the Bluewater area,” said Tom Callan CEO of the UHY Great Lakes Region. “The addition of SBW deepens our resources in various practice areas, and will present new opportunities for our staff and our firm.”

Harold Burns and Dan Markey, partners of UHY LLP and members of the firm’s executive committee, have been heavily involved in St. Clair County for decades. This includes serving on boards of SC4 Foundation, Community Foundation of St. Clair, St. Clair County RESA, Memphis Community Schools, and the Economic Development Alliance of St. Clair County.

“We are very excited about the opportunities that this merger brings to both firms and all of our clients. Both firms have a great reputation in providing quality service and this will only improve by bringing together our talented professionals. With UHY wanting to have an office in Port Huron, it is a testament to the economic growth happening in St. Clair County and UHY will only help sustain this growth”, said Mike Turnbull, (former principal of SBW) managing director of the Port Huron office.

SBW employees were memorably welcomed into the UHY family during their annual busy season kickoff celebration at Royal Oak Music Theatre over the weekend.

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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.