Manufacturing

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

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

Research Credit can Offset a Small Business’s Payroll Taxes

Yeo & Yeo CPAs & Business Consultants

Does your small business engage in qualified research activities? If so, you may be eligible for a research tax credit that you can use to offset your federal payroll tax bill. This relatively new privilege allows the research credit to benefit small businesses that may not generate enough taxable income to use the credit to offs... 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

Participate in Yeo & Yeo’s 2017 National Manufacturing Outlook Survey

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants is asking for manufacturing company owners and managers to participate in the second Yeo & Yeo / Leading Edge Alliance (LEA) National Manufacturing Outlook Survey. The survey results will provide valuable benchmarking data for manufacturers. This short (< 25 questions) survey asks abou... Participate Today