Construction

HBA of Saginaw Partners with Greater Michigan Construction Academy to Offer Building and Construction Training

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo’s Construction Services group is proud to share the announcement of the Home Builders Association of Saginaw’s partnership with the Greater Michigan Construction Academy to offer Building & Construction Training in Saginaw. The Homes Builders Association of Saginaw is proud to announce its partnership with the Greater Mich... Learn More

The New Rule on Overtime Put on Hold: Implications for Construction Companies

A.J. Licht

In May 2016, the U.S. Department of Labor (DOL) finalized its controversial “overtime rule,” which doubles the minimum salary an employee must receive in order to qualify for the “white collar” exemption from overtime pay. Many construction companies employ relatively low-paid managers who would have lost their exempt status under the ru... Learn More

A Business Owner’s Key to Success: Focusing on the Big Picture

David W. Schaeffer

Why do so many businesses continuously struggle to make ends meet, while others appear to thrive year after year? Why do some business owners seem to have an unlimited amount of time to take family vacations and play active roles in their communities, while others work an excessive amount of hours and are seemingly chained to their business? On... Learn the Keys to Success

A.J. Licht to Lead Yeo & Yeo’s Construction Services Group

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants is pleased to announce A.J. Licht, CPA, as the leader of the firm’s Construction Services Group. He will be responsible for the strategic direction and management of the firm’s state-wide Group, and oversee the Group’s business development, training and staff development. Licht is a manage... Learn More

Get Ready for FASB’s New Lease Accounting Requirements

Jacob R. Sopczynski

Winter is coming, and so are changes to accounting standards. Changes in revenue recognition were introduced recently and now changes are coming for lease accounting. Although FASB’s Accounting Standards Update of Topic 842 isn’t effective for nonpublic entities until years beginning after December 15, 2019 (years beginning January, 1, ... Learn More

Accelerated Filing Deadline for 2016 Form W-2 and Form 1099

Yeo & Yeo CPAs & Business Consultants

Employers and small businesses will soon face a new filing deadline for Form W-2 reporting wages and Form 1099-MISC reporting non-employee compensation. This new deadline was enacted by the PATH Act of 2015 to help the IRS verify the legitimacy of tax refunds before issuing them. Beginning with the 2016 forms (those filed in 2017),... Learn More

Construction Industry Insights from the CICPAC Conference

Alex Wilson

Recently I attended the Construction Industry CPAs/Consultants (CICPAC) conference in Chicago. The conference is held annually and provides Yeo & Yeo professionals with the latest knowledge of construction industry challenges, and valuable insight that we will use to advise our clients. I attended eight sessions, and I would like to s... Get Insights

The Four Cornerstones of Internal Controls

Christopher Sheridan

Employees of most small to mid-size businesses are seen as part of the family, and business owners could never imagine that their family would steal from them. In fact, employees pose the greatest fraud threat in today’s economy. In its 2016 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Exami... Avoid Fraud

There’s Still Time For Homeowners to Save with Green Tax Credits

Yeo & Yeo CPAs & Business Consultants

The income tax credit for certain energy-efficient home improvements and equipment purchases was extended through 2016 by the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). So, you still have time to save both energy and taxes by making these eco-friendly investments. What qualifies The credit is for expenses re... Read More

Estate Planning Should Include Your Online Accounts

Michael Espinoza

Helping you plan for and protect your assets and your legacy is something we are very passionate about. We want to pass along some information about an area that you cannot afford to overlook in the estate planning process.      Estate planning 2.0 – protecting your digital footprint The growing popula... Learn More