Sterling Heights, MI (PRWEB) April 21, 2014 -- On April 2, President Obama delivered a speech at the University of Michigan in favor of a gradual increase in the state minimum wage to $10.10 by 2017. The President urged state legislators not to wait for Congress to adopt a hike in the federal minimum wage. In response to the President’s ongoing pleas, Connecticut and Maryland lawmakers have passed legislation that will gradually increase each state’s minimum wage to $10.10. President Obama said that he hopes Congress, governors and state legislators will follow Connecticut and Maryland’s lead to “ensure that no American who works full time has to raise a family in poverty, and that every American who works hard has the opportunity to succeed.”
Michigan is set to have a ballot proposal in November for an increased minimum wage in line with President Obama’s campaigning from $7.40 to $10.10 per hour.
Since the beginning of the year, other states that have approved minimum wage increases of different amounts are Delaware ($8.25), Minnesota ($9.50), West Virginia ($8.75) and The District of Columbia ($11.50). California and New York have increases going into effect later this year. Several other states consider minimum wage adjustments based on inflation as determined by the consumer price index.
Clients concerned about the potential repercussions of an increased labor burden should contact their professional at UHY LLP in Farmington Hills 248 355 1040 or Sterling Heights 586 254 1040.
About UHY Advisors
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 http://www.uhy-us.com.
UHY Advisors provides tax and consulting services to a variety of sectors. UHY LLP, a licensed CPA firm, provides audit and other attest services to public and private companies. UHY Advisors FLVS provides forensic, valuation, intellectual property, electronic discovery and international arbitration services to law firms and their clients. Many of these services grew from client business needs and their requests for assistance in a variety of areas of expertise.
All of the above entities are members of UHY International, a global network of independent professional services firms that provide audit, tax and consulting services around the world. UHY International member firms comprise one of the top international accounting networks in the world. As a member firm, we provide our clients with resources in business centers strategically located around the globe. We are an active member in this organization with significant participation that brings the power of an international network to bear for our clients.
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 LLP and UHY Advisors, Inc. are U.S. 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.
Shannon Gnesda, UHY LLP, +1 (586) 843-2637, [email protected]
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