Business Consulting

Megan Tuckey of Yeo & Yeo Receives Fundamental Payroll Certificate

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants, a leading Michigan accounting firm, is pleased to announce that Payroll Specialist Megan Tuckey has earned the Fundamental Payroll Certification (FPC) designation from the American Payroll Association. The certification is exam-based and proves extensive knowledge of payroll and how it rel... Learn More

Insuring Your Business with a Buy-Sell Agreement

Michael Espinoza

Life insurance is designed to help protect a household from the financial hardships that may follow the untimely death of a primary wage earner. But how will a death affect a small business? One way of safeguarding a business is to create a buy-sell agreement. A buy-sell agreement is a contract between different entities within a corpo... Learn More

When to Augment Your Staff

Yeo & Yeo CPAs & Business Consultants

Is your company or organization experiencing a key employee’s resignation, a sudden termination, medical leave, retirement, structural change, or simply a shortage of skills? Is the company contending with a merger or acquisition, or experiencing a peak period of business? In many situations like these it might make sense for a company... Learn More

Entrepreneurs: What Can You Deduct and When?

Yeo & Yeo CPAs & Business Consultants

Starting a new business is an exciting time. But before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for rent, utilities, marketing and more. Entrepreneurs are often unaware that many expenses incurred by start-ups can’t be deducted right away. How expenses are handled ... Learn More

Are You Using Chip Cards Yet?

Yeo & Yeo CPAs & Business Consultants

The major U.S. card companies — including Visa, MasterCard, Discover and American Express — voluntarily imposed a shift of liability for counterfeit "card present" transactions that went into effect for most merchants on October 1, 2015. (Gas stations with automated fuel dispensers have until October 1, 2017, before their ... Read More

Twelve Ways to Negotiate Better

Yeo & Yeo CPAs & Business Consultants

When a deal is pending, the best negotiators know that the goal isn't to scoop up everything and leave the other side with little or nothing. The real goal is generally to exchange items of value so that both sides leave satisfied they have protected their basic interests and made a deal that benefits their companies. Like all wor... Learn How

Ten Quick Ideas for Growing Your Business

Yeo & Yeo CPAs & Business Consultants

Here are 10 quick ideas for growing your business from the Small Business Administration: 1. Open another location. 2. Offer your business as a franchise or similar opportunity. It can result in growth without requiring you to manage a new location. 3. License your product. This can be an effective, low-cost growth med... Learn More

Achieve Sustainable Cost Cutting at Your Organization

Yeo & Yeo CPAs & Business Consultants

Taking costs out of a business can be deceptively easy to do — at least initially. Cutting low-hanging fruit such as providing coffee in break rooms, consulting services, laying off temporary employees or removing a layer of management can result in considerable savings. However, these savings are often not sustainable. Slowly bu... Read More

2 Benefits-Related Tax Credits for Small Businesses

Yeo & Yeo CPAs & Business Consultants

Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. Two valuable credits are especially for small businesses that offer certain employee benefits. Can you claim one — or both — of them on your 2015 return? Retirement plan credit Small employers (generally those with 100 or fewe... Learn More