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Keep Tax Reform Proposals in Mind When Making Last-Minute Year-End Moves

Yeo & Yeo CPAs & Business Consultants

As 2017 winds down, it's time to consider making some moves to lower your federal income tax bill and position yourself for tax savings in future years. This year, the big unknown factor is whether major tax reform proposals will be enacted. Even if all goes according to the GOP timeline, the changes generally won't take effect until next ... Learn More

Tax Reform Framework: Major Effect on Manufacturers

Yeo & Yeo CPAs & Business Consultants

The drumbeats for tax reform are growing louder. The Trump administration, in conjunction with the president's hand-picked "Big Six"1 group of GOP leaders, has released a nine-page outline of tax reform proposals. Not only would the plan overhaul numerous individual provisions, it would have a major impact on corporations and pass-th... Learn More

Keep Production Humming in Peak Season

Yeo & Yeo CPAs & Business Consultants

Peak production season can be a nightmare. It's the time you need all employees to show up consistently and pull their weight. But reality is often far removed from the ideal. If that's the case in your plant, you need to consider some strategies to build resilience into your staffing. Here are six tips that can help ease the strain of p... Learn More

5 Year-End Business Tax Planning Strategies in Light of Tax Reform

Yeo & Yeo CPAs & Business Consultants

It's not too late! You can still take steps to significantly reduce your business's 2017 income tax bill and possibly lay the groundwork for tax savings in future years. Here are five year-end tax-saving ideas to consider, along with proposed tax reforms that might affect your tax planning strategies.  1. Jug... Learn More

2018 Payroll Changes

Christine Porras

Paying people used to be simple. More and more federal and state regulations have complicated the payroll process. Important changes in 2018 include the State of Michigan minimum wage increase to $9.25 per hour for wages earned starting January 1, 2018. Following are changes for 2018. 2018 Payroll Changes Social Security Wage Base. T... Learn More

Increase Finance and Accounting Department Efficiency

Ali N. Barnes

Inefficiency is the downward slope that can take a government from the top of its game to a place where citizens become frustrated, employees are unhappy, and community goals are more challenging to achieve. Turning around an inefficient environment requires change. Change is often difficult, which is why inefficiency is frequently ignor... Learn How

Crowdfunding Donations: Deductible or Not?

Megan Taylor

After major disasters like the devastation of hurricanes in Houston and Florida, people are always eager to donate to help the victims. These days it’s easier than ever to donate online to existing charities or through crowdfunding sites like GoFundMe, Causes.com, or Crowd Rise. Philanthropy in these times of great need is wonderful, but... Learn More

Why the Three Key Elements of Integrity are Critical for Your Accountant

Jacob R. Sopczynski

Have you ever thought about the integrity of your accountant? Integrity can have a different meaning to each individual and a slightly different interpretation for each professional industry. For many, integrity is incorruptibility, completeness, and communication. Sounds simple enough, right? Now, how do these three key elements apply to the pr... Learn More