Blog

Yeo & Yeo to Present at Michigan School Business Officials Conference

Jennifer M. Watkins

The Michigan School Business Officials Annual Conference will be held at the DeVos Place in Grand Rapids, May 2-4. Members of Yeo & Yeo’s Education Services Group will present four of the sessions. We welcome you to join us to gain new insights into managing your Michigan school. Ethics Dilemmas and Fraud Prevention – Mo... Learn More

Functional Expense Changes Under FASB ASU 2016-14

Wendy Thompson

Nonprofits with years ending December 31, 2018, and later will implement the new nonprofit accounting standard, FASB ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. This new standard is the first significant change to nonprofit accounting in 20 years. One of the key changes in this standard relates to fu... Learn More

MAS 90 is Now Sage 100c

Fred Miller

MAS 90 is a brand that has stood the test of time and has become a standard within the manufacturing industry. Manufacturers have relied on the robust, feature-rich application to manage their business processes, from receiving quotes to producing orders and shipping their products on time. Did you know that the name of the sof... Learn More

The Importance of Cybersecurity in Manufacturing

Fred Miller

Manufacturers are a target for cybercrime Manufacturers across the country have become a main target for cybercriminals. The news, trade journals, and professional organizations such as the Michigan Manufacturers Association all have stressed the importance of manufacturers becoming aware of this growing threat. IBM released a study i... Learn More

QuickBooks Add-Ons for Construction Industry Needs

Chelsea Baumgardner

A slew of different construction-focused accounting systems are available, but not all of them may be a good option for your company. For the small- and medium-size company, some of the dedicated systems can be too robust or too pricey to be a viable option. For this reason, many companies have turned to QuickBooks for their accounting n... Learn More

Studies Support Pairing 401(k) Auto-escalation with Auto-enrollment

Ali N. Barnes

Auto-enrolling 401(k) plan participants without also incorporating an auto-escalation feature might be a counterproductive exercise. J.P. Morgan Asset Management survey data suggests that average 401(k) plan deferral rates have been trending downward even though more employers are adopting auto-enrollment. The apparent culprit: low auto-... Learn More

No Mystery: Meeting With Family About Estate Planning

Eric J. Sowatsky

There is a common scene in popular literature, television shows and movies. The family of a wealthy individual gathers in an attorney’s well-appointed office to hear the reading of a recently deceased’s will. Each member usually represents a given stereotype — the spendthrift, the frugal one, the outsider — and, together, the... Learn More

A Timely Postmark on Your Tax Return may not be Enough to Avoid Late-filing Penalties

Yeo & Yeo CPAs & Business Consultants

Because of a weekend and a Washington, D.C., holiday, the 2016 tax return filing deadline for individual taxpayers is Tuesday, April 18. The IRS considers a paper return that’s due April 18 to be timely filed if it’s postmarked by midnight. But dropping your return in a mailbox on the 18th may not be sufficient. An example Let’s say yo... Learn More

Preparing for a Headache-free Audit

Molly Fish

Audits don't have to be stressful with proper preparation. Yeo & Yeo has streamlined its approach to audits. We have implemented procedures to complete the audit efficiently using state-of-the-art technology and our knowledge of ever-changing audit and accounting standards. Our approach balances compliance with providing sup... Learn More

Don't say UGH! to UGG Procurement

Molly Fish

If your organization receives federal funds, whether from a pass-through entity, such as the State of Michigan, or directly from the federal government, you need to be aware that the Uniform Grant Guidance 2 CFR 200 is now applicable. I encourage you to stay informed and not to fear because UGG can be more streamlined than you originally... Learn More