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

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

2017 Might be Your Last Chance to Hire Veterans and Claim a Tax Credit

Yeo & Yeo CPAs & Business Consultants

With Veterans Day on November 11, it’s an especially good time to think about the sacrifices veterans have made for us and how we can support them. One way businesses can support veterans is to hire them. The Work Opportunity tax credit (WOTC) can help businesses do just that, but it may not be available for hires made after this year. ... Learn More

How Does Section 179 Apply to Vehicles?

Kristy Brown

Many business owners have heard of the Section 179 deduction in relation to capital assets that are purchased. However, special rules are in effect regarding Section 179 as it relates to the purchase of vehicles. Read on to see if your vehicle purchase will qualify for the Section 179 deduction. For a majority of passenger vehicles that ... Learn More

Whip Jobs into Shape with Work in Progress (WIP) Summary

Yeo & Yeo CPAs & Business Consultants

What if you need to see the profitability of a project while it's happening? You may be struggling with matching the timing of your revenue to your costs because you invoice in advance of the work being completed. The Job Work in Progress Report (WIP) Summary can be used by contractors or other businesses that progress or advance bill th... Learn More

Construction Industry Outlook: What to Expect in 2017

Alex Wilson

Over the past few years, the construction industry has seen some profitable times, with a significant amount of new construction taking place throughout the state in both the residential and commercial sectors. Businesses are investing more in the infrastructure of their operations and are willing to expand and improve, which is driving ... Read More

Mike Tribble of Yeo & Yeo Inducted into National Association of Home Builders’ Society of Honored Associates

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants, a leading Michigan accounting firm, is pleased to announce that Michael T. Tribble, CPA, received the National Association of Home Builders’ (NAHB) Society of Honored Associates award.     “Mike’s tireless commitment to the NAHB is greatly appreciated by many staff and vo... Read More