2025 Year-end Tax Planning Guide
The passage of the One Big Beautiful Bill Act (OBBB) in July ushered in many tax-related updates for businesses and individuals in 2025 and beyond. We have compiled a list of the changes and corresponding actions taxpayers can take, which may help optimize their position.
Yeo & Yeo’s 2025 Year-end Tax Planning Guide provides action items that may help you save tax dollars if you act before year-end. These are just some of the steps that can be taken to save taxes. Not all actions may apply in your particular situation, but you or a family member can likely benefit from many of them.
Next steps
After reviewing the Year-end Tax Guide, reach out to your Yeo & Yeo tax advisor, who can help narrow down the specific actions you can take and tailor a tax plan unique to your current personal and business situation.
Together we can:
- Identify tax strategies and advise you on which tax-saving moves to make.
- Evaluate tax planning scenarios.
- Prepare for the upcoming year.
We will continue to monitor tax changes and share information as it becomes available. Visit our Tax Resource Center for the latest tax insights and useful links.
As year-end closes in and you prepare for 2026, Yeo & Yeo’s Payroll Solutions Group would like to inform you of important payroll updates that will affect you and your employees next year.
Our 2026 Payroll Planning Brief includes several payroll changes that take effect in the coming year and items to consider before year-end. Most notably, under the One Big Beautiful Bill, employers may estimate and track qualified tips and overtime premiums using reasonable methods in 2025. While no changes are required to Form W-2 this year, these amounts should be reported separately—either on a separate document or manually in Box 14. Starting in 2026, employers will be required to report these amounts directly on Form W-2.
Watch Yeo & Yeo’s website and future eAlerts for new developments.
Need guidance on closing 2025, preparing for 2026 payroll, or meeting payroll deadlines? Contact Yeo & Yeo’s Payroll Serviced Group.
In the fast-paced environment of a growing startup, establishing a robust HR foundation isn’t just an administrative necessity—it’s a strategic asset. The Complete Guide to HR for Startup Companies is tailored to leaders who are not HR professionals but need to ensure their companies thrive through effective people management, culture building, and organizational planning.
This eBook will walk you through the essential components of introducing HR functions into a startup context. You’ll learn how to:
- Cultivate a thriving organizational culture: Integrate the company’s values into all aspects of the employee lifecycle.
- Build out your organization structure: Create a structure that clarifies responsibilities, improves communication flows, and allows you to scale smoothly over time.
- Create a competitive compensation and benefits strategy: Design a compensation philosophy that helps you attract, motivate, and retain top talent.
- Develop a talent roadmap for growth: Build your hiring plan and align hiring to business milestones.
- Master the art of talent acquisition: Optimize recruiting processes and build a magnetic recruiting engine.
- Establish performance management processes: Align employee efforts with company goals.
Create a workplace where innovation thrives, employees are engaged, and your business goals are within reach. Download your free copy today.
Running a medical practice isn’t just about providing excellent patient care—it’s also about managing operations efficiently and maximizing profitability. With rising costs, complex regulations, and administrative burdens, many practices struggle to maintain financial health while delivering high-quality services.
The good news is that by implementing the right strategies, your practice can streamline operations, improve cash flow, and enhance the patient experience—all while boosting your bottom line.
Here are 8 essential tips to help you run a more profitable and efficient medical office.
1. Optimize Your Revenue Cycle Management (RCM)
Efficient RCM is the backbone of a financially healthy practice. Without a well-managed billing and collections process, practices can lose thousands of dollars in unpaid claims. Ensure accurate coding and documentation to prevent denials and regularly review accounts receivable and follow up on outstanding payments.
2. Leverage Automation and AI
Manual processes waste valuable staff time and increase errors. By using automation and artificial intelligence, your practice can eliminate inefficiencies and reduce administrative burdens. Assess your practice’s needs and choose automation tools that will integrate into your current systems.
3. Streamline Office Workflow and Processes
A disorganized office leads to wasted time, frustrated staff, and poor patient experiences. Optimizing office workflow ensures smoother operations and improved efficiency. Standardize processes for check-in, check-out, and documentation, and conduct regular workflow assessments to identify and eliminate bottlenecks in your operations.
4. Improve Patient Scheduling for Maximum Productivity
An inefficient schedule can lead to no-shows, long wait times, and wasted resources. Smart scheduling can help your practice maximize patient volume without overwhelming providers. Consider implementing a patient self-scheduling system that allows for easy rescheduling and appointment reminders.
5. Enhance the Patient Experience to Boost Retention
A positive patient experience directly impacts your practice’s revenue. Happy patients return, refer others, and leave positive reviews, driving new business. Implement a patient feedback system to track satisfaction and improve service quality. This can include follow-up with patients using automated reminders and surveys.
6. Strengthen Financial Management and Cost Control
A profitable practice is not just about increasing revenue—it’s also about controlling costs. Regularly review overhead costs and negotiate better vendor rates, if possible. Working with an accounting professional can also help you uncover hidden savings and boost profitability.
7. Invest in Staff Training and Development
Your staff plays a crucial role in practice efficiency. Investing in ongoing education ensures they are up-to-date on the latest billing, coding, and compliance changes. Provide regular training on new regulations and best practices and encourage cross-training to improve flexibility and efficiency.
8. Consider Outsourcing Non-Core Functions
Outsourcing can reduce operational burdens, cut costs, and improve efficiency. Consider outsourcing medical billing and coding to minimize errors and increase collections, or hire a practice consultant to identify workflow improvements and assess practice management. Outsourcing allows your team to focus on patient care while professionals handle complex administrative tasks.
Unlock Your Practice’s Full Potential
The most successful medical practices don’t just adapt to change—they lead it. Maintaining the status quo isn’t enough in today’s fast-paced healthcare environment. Proactive optimization is key to long-term success—streamlining operations, enhancing technology, and ensuring financial sustainability.
By implementing even a few strategies outlined here, your practice can become more productive, profitable, and future-ready. The key is to start now and commit to ongoing improvement.
Ready to unlock your practice’s full potential? Download our free eBook, The Modern Medical Practice: How to Run a More Profitable and Efficient Office, and gain insights to transform your practice today.
Most businesses today are constantly under pressure to upgrade their information technology (IT). Whether it’s new software, a better way to use the cloud, or a means to strengthen cybersecurity, there’s always something to spend more money on.
If your company is feeling the strain of rising costs due to ESTA, minimum wage increases, and other external factors, your IT budget may be tighter than ever. The good news is that you and your leadership team can take proactive steps to reduce IT expenses while maintaining efficiency and security.
1. Align IT Needs with Business Goals
Before diving into the numbers, aligning your IT budget with the company’s overall business strategy is crucial. Technology should support business growth, improve operational efficiency, and help solve pain points. Identify your organization’s key priorities and objectives for the upcoming year. For example, are you looking to improve cybersecurity, upgrade legacy systems, or invest in cloud services to support remote work? Once you understand your business goals, it becomes easier to allocate resources efficiently.
2. Assess Current IT Infrastructure
A thorough assessment of your existing IT infrastructure is critical to avoid wasting money on unnecessary upgrades or services. Identify which technologies still provide value and which may be underperforming or redundant. For instance, consider:
- Can systems be consolidated or replaced with more cost-effective solutions?
- Are all devices and software licenses being used, or could unused subscriptions be eliminated?
- Is your hardware near the end of its useful life, or can it continue to be effective with some minor improvements?
Understanding what you already have allows you to avoid purchasing what you don’t need.
3. Prioritize Investment Based on Impact
Once you have a clear picture of your existing systems, you can prioritize IT investments based on their impact on your business goals. At this stage, making difficult decisions is necessary. While every department may have technology requests, not all of them will have the same level of impact on your business’s success.
For example, cybersecurity may take precedence over new software tools, given the increasing threats to digital security. Similarly, investing in cloud infrastructure for remote work may become a top priority if your organization embraces hybrid work models. By ranking initiatives based on importance, you ensure your budget goes towards the highest-impact projects.
4. Consider the Total Cost of Ownership
When budgeting for new technology, it’s important to consider not just the upfront cost but the total cost of ownership (TCO). TCO includes ongoing expenses such as maintenance, upgrades, training, and support. While an initial purchase may seem like a good deal, hidden costs could quickly add up and lead to waste.
5. Forecast Future Growth
It’s essential to build a budget that addresses current needs and anticipates future growth. Technology investments should be scalable to accommodate expansion without requiring a complete overhaul. A well-constructed IT budget should consider potential increases in employee headcount, data storage requirements, or the need for new software as the business grows.
6. Build in Contingency for Unexpected Costs
Despite careful planning, unexpected expenses can always arise — whether it’s a system failure, a security breach, or an urgent need to upgrade software. That’s why it’s wise to set aside a portion of your IT budget as a contingency fund.
A good rule of thumb is to allocate around 10-15% of your overall IT budget for unforeseen expenses. This allocation can help you avoid financial strain when surprises happen, ensuring your business can continue operating without disruption.
7. Invest in Employee Training and Support
Investing in your team is key to building a sustainable IT budget. Even the best systems can underperform without proper training, leading to wasted resources — factor in employee training costs to ensure they understand how to use new technologies effectively.
8. Track and Monitor IT Expenses
Once your IT budget is in place, it’s essential to track and monitor expenses regularly. With cloud-based tools and budget management software, you can easily keep tabs on where your money is going and spot areas where you might be overspending.
Regular monitoring allows you to adjust course if necessary, ensuring you’re continually optimizing your IT expenditures. Quarterly or monthly reviews can help catch budgetary issues early, providing the opportunity to pivot before problems become costly.
9. Optimize Vendor Relationships
Vendor management plays a crucial role in ensuring you get the best value for your IT spending. When negotiating with vendors, don’t just focus on price — look for opportunities to reduce costs through bundled services, long-term contracts, or multi-year agreements.
Additionally, be sure to review vendor performance periodically. Are they meeting expectations? Are there better options available in the marketplace? Staying proactive about vendor relationships ensures that you’re receiving the best value for your money and that your contracts are aligned with your changing needs.
Reduce IT Costs Without Compromising Performance
Building an IT budget that maximizes value and minimizes waste requires a careful balance of strategic planning, ongoing assessment, and adaptability.
Ready to dive deeper into how you can optimize your IT budget? Download our whitepaper for insights on reducing IT costs without compromising performance. Get your copy today.
Change is an unavoidable part of every business journey — not just from external forces like market shifts or economic conditions, but from within the business itself. Whether you’re expanding your operations, streamlining internal processes, bringing on new leadership, or preparing for eventual succession, change happens at every stage of your business’s lifecycle.
The businesses that thrive aren’t the ones that avoid change—they embrace it to improve profitability and build long-term resilience. Here are five essential strategies to help your business embrace change at every stage — positioning you for success today and securing your legacy for tomorrow.
1. Know Your Numbers
Smart business decisions start with data-driven insights. Yet, many business owners either track the wrong metrics or fail to monitor key financial indicators altogether. Tracking the right numbers provides clarity and control, helping you steer your business toward long-term success. Common KPIs include gross revenue, net profit margin, customer acquisition costs, and operational efficiency metrics.
2. Make Tax-Smart Decisions
Many business owners see taxes as a necessary evil—something to be dealt with at the end of the year. But smart tax planning can actually be a competitive advantage. You can reduce liabilities and improve cash flow by leveraging tax-saving strategies, optimizing deductions, and ensuring your business is structured efficiently.
3. Scale Effectively
As your business grows, so do your operational demands. A critical decision every business owner faces is whether to handle tasks in-house or outsource them. Outsourcing certain tasks—such as IT management, payroll processing, or marketing—can cut costs, increase efficiency, and allow your team to focus on what they do best.
4. Know Your Wealth
For most business owners, their company represents a significant portion of their net worth—yet many fail to look at the bigger picture. Understanding how your business and personal finances are connected is key to long-term security. Knowing your total wealth allows you to make better retirement, investment, and succession planning decisions. Taking time to evaluate your wealth annually can prevent surprises and ensure financial stability for you and your family.
5. Plan for the Future
What’s next for your business? Whether you’re planning for expansion, a leadership transition, or an eventual sale, having a clear long-term strategy is crucial. The best time to plan for the future is now. Proactive business planning keeps you in control and ensures your company continues to thrive—even through change.
Embrace Change as a Growth Opportunity
Change isn’t something to fear — it’s an opportunity to strengthen your business, increase profitability, and build long-term wealth. By focusing on these five strategies, you can turn today’s challenges into tomorrow’s successes.
Want to learn more? Read our eBook “5 Steps for Thriving Through Change,” which explains each step in detail with practical tips and action steps for you and your business.
As year-end approaches, now is a good time to think about planning moves that may help lower your tax bill for this year and possibly next.
This year’s planning is extremely important as 2025 is almost certain to bring significant tax changes with it.
Yeo & Yeo’s 2024 Year-end Tax Planning Guide provides action items that may help you save tax dollars if you act before year-end. These are just some of the steps that can be taken to save taxes. Not all actions may apply in your particular situation, but you or a family member can likely benefit from many of them.
Next steps
After reviewing the Year-end Tax Guide, reach out to your Yeo & Yeo tax advisor, who can help narrow down the specific actions you can take and tailor a tax plan unique to your current personal and business situation.
Together we can:
- Identify tax strategies and advise you on which tax-saving moves to make.
- Evaluate tax planning scenarios.
- Determine how we can help.
We will continue to monitor tax changes and share information as it becomes available. Visit our Tax Resource Center for the latest tax insights, useful links, and access to our Online Tax Guide.
As year end closes in and you prepare for 2025, Yeo & Yeo’s Payroll Solutions Group would like to inform you of important payroll updates that will affect you and your employees next year.
Our 2025 Payroll Planning Brief includes several payroll changes that take effect in the coming year and items to consider before year end. Most notably, beginning February 21, 2025, almost all businesses and organizations operating in Michigan will be subject to new minimum wage and paid sick time requirements. Learn more about the Improved Workforce Opportunity Wage Act (IWOWA) and Earned Sick Time Act (ESTA) changes on Yeo & Yeo’s resource page.
Note: On November 7, two bills were introduced in the Michigan House to amend both IWOWA and ESTA. With the legislative session ending on December 16, swift action on these bills is expected, which would revamp what is currently in place.
Watch Yeo & Yeo’s website and future eAlerts for new developments.
Need guidance on closing 2024, preparing for 2025 payroll, or meeting payroll deadlines? Contact the payroll professionals at Yeo & Yeo.
Prepare for 2025: A Guide for Employers
The Michigan Supreme Court’s decision on July 1, 2024, to fully restore the state’s original minimum wage and paid sick leave laws marks a pivotal moment for workers and employers alike. This decision, stemming from the case of Mothering Justice v. Attorney General, overturns the legislature’s previous amendments and restores the Improved Workforce Opportunity Wage Act (IWOWA) and the Earned Sick Time Act (ESTA) to their initial forms.
Effective February 21, 2025, the reinstated laws will significantly increase the minimum wage and expand paid sick leave benefits, impacting nearly all Michigan employers.
For businesses and organizations, this ruling necessitates substantial adjustments in payroll, budgeting, and human resources policies to comply with the new standards. While the changes aim to enhance worker protections and benefits, they also present challenges for employers who must navigate the increased financial and administrative burdens.
Yeo & Yeo has developed this comprehensive guide to assist employers in navigating the reinstated Michigan minimum wage and paid sick leave laws, helping to ensure an understanding of the rules and compliance with the new regulations.
Visit our Michigan Minimum Wage and Earned Sick Time resource page for additional information and ongoing guidance.
Closing a medical practice can be complex and overwhelming. Every detail requires careful attention to avoid complications, from notifying patients to managing financial obligations. Yeo & Yeo understands these challenges and offers support to ensure a seamless transition.
Our Closing a Practice Checklist includes a list of preparations, notifications, and tasks that should be completed from 90 days out to the final day of closure.
Whether you’re starting, buying, selling, or closing a practice, our dedicated team has the experience and insight to guide you every step of the way.
Starting your own medical practice is a significant step in your professional journey, filled with excitement and challenges. As a healthcare professional, you’re likely facing several questions and concerns, such as:
- How do I navigate the complex legal and regulatory landscape?
- What financial and tax-smart considerations should I prioritize?
- How can I ensure my practice is operationally efficient from day one?
- What are the best practices for medical billing and revenue cycle management?
Establishing a medical practice involves a meticulous series of steps, and these are just a few of the critical issues you’ll need to address. At Yeo & Yeo, we understand these challenges. Our dedicated and credentialed healthcare team, comprised of practice management consultants, healthcare CPAs, billing specialists, personal financial planners, and more, has guided numerous practitioners through the process.
As you start a new medical practice, use this checklist to help you stay organized and focused. By following these steps, you’ll be well-equipped to set your practice on a path to thrive. For guidance navigating your journey, reach out to Yeo & Yeo.
As year-end approaches, now is a good time to think about planning moves that may help lower your tax bill for this year and possibly next.
This year likely brought challenges and disruptions that impacted your personal and business financial situation. This year’s planning could be more challenging as you contend with the provisions of the Inflation Reduction Act, which continues to affect new corporate taxes, green energy tax credits and other provisions for 2023 and 2024 tax filings.
Yeo & Yeo’s 2023 Year-end Tax Planning Guide provides action items that may help you save tax dollars if you act before year-end. These are just some of the steps that can be taken to save taxes. Not all actions may apply in your particular situation, but you or a family member can likely benefit from many of them.
Next steps
After reviewing the Year-end Tax Guide, reach out to your Yeo & Yeo tax advisor, who can help narrow down the specific actions you can take and tailor a tax plan unique to your current personal and business situation.
Together we can:
- Identify tax strategies and advise you on which tax-saving moves to make.
- Evaluate tax planning scenarios.
- Determine how we can help.
We will continue to monitor tax changes and share information as it becomes available. Visit our Tax Resource Center for the latest tax insights, useful links, and access to our Online Tax Guide.
As year-end closes in and you prepare for 2024, Yeo & Yeo’s Payroll Solutions Group would like to inform you of important payroll updates that will affect you and your employees next year.
Our 2024 Payroll Planning Brief includes several payroll changes that take effect on January 1, 2024, and items to consider before year-end.
Some of the changes to prepare for include:
- Michigan minimum wage will increase to $10.33 per hour.
- Beginning next year, W-2 forms must be submitted electronically if your company has more than 10 W-2s and 1099s combined.
Watch Yeo & Yeo’s website and future eAlerts for new developments.
Need guidance on closing 2023, preparing for 2024 payroll, or meeting payroll deadlines? Contact the payroll professionals at Yeo & Yeo.
How to Maintain Your Public Charity Status and Pass the Public Support Test
Many nonprofits qualify as public charities. The public charity designation, also known as a public 501(c)(3), has many benefits. But did you know that just because the IRS determination letter says the organization is a public charity doesn’t mean it maintains that status forever? How is that status determined and maintained?
Read Yeo & Yeo’s Public Support for Nonprofits eBook to learn …
- The reasons for public charity status
- How to conduct support tests for contribution-driven and program service-driven organizations
- What actions to take to maintain public charity status
It’s important to maintain an entity’s public charity status. This allows the entity to operate with fewer rules and regulations, as compared to a private foundation, and may allow donors to deduct a larger percentage of contributions at times. But what can be done to maintain that status?
First and foremost, an organization needs to know its public support reason and status. Every year you have Form 990 (or a 990-EZ), and it has a Schedule A. Make sure you are looking at it. Make sure you review it and understand where the numbers come from. Make sure you know what percentages you have.
You also need to understand the timing of when your organization’s tax return is normally done. Nonprofits could wait until the 15th day of the 11th month after year-end to file. But if they do, that means there are one-and-a-half months left in the next fiscal year to deal with any potential support problems. As soon as a public support test is below 33 1/3% on Schedule A (or in the case of investment income for a 509(a)(2), it is above 33 1/3%), the organization needs to start making significant plans and forecasting their public support.
Do you need help navigating your public charity status?
Yeo & Yeo’s Nonprofit Services Group serves more than 300 nonprofit organizations throughout Michigan. Our professionals’ extensive experience translates into recommendations to improve accounting controls and operating efficiencies that are practical and realistic. We provide the advice and support you need – allowing you to concentrate on your organization’s central purpose.
If you need assistance with your charity status, contact your Yeo & Yeo advisor or contact us for more information.
GASB Statement No. 96, Subscription-based Information Technology Arrangements, is effective for fiscal years beginning after June 15, 2022, and all reporting periods after that. This Statement is based on the standards established with Statement No. 87, Leases, and follows the same foundation, steps, and rules.
The Statement defines subscription-based information technology arrangements (SBITAs) and when such SBITAs should be recorded as right-to-use subscription assets and corresponding subscription liabilities. The Statement also covers which costs associated with the SBITAs are to be included in capitalization, and the disclosures required.
What is a SBITA?
A SBITA is a contract that conveys control of the right to use another party’s (a SBITA vendor’s) information technology (IT) software, alone or in combination with tangible capital assets (the underlying IT assets), as specified in the contract for a period of time in an exchange or exchange-like transaction.
The biggest challenge for organizations will be gathering and evaluating their SBITA population and ensuring completeness. We recommend that organizations review their SBITAs and collect the data necessary to assess if the changes to GASB 96 will apply to such contracts. The information that will be needed includes vendor, description, building/location, account (G/L), contract term (period of coverage), costs associated (may involve more than just subscription payments), and options to extend.
What to Do Now
- Get an overall understanding of GASB 96.
- Work with your IT/Technology Directors to obtain a list of SBITAs.
- Complete Yeo & Yeo’s SBITA spreadsheet (the template can be requested from your Yeo & Yeo auditor).
- After the assessment of SBITAs that will be affected by the implementation of GASB 96:
-
- Calculate journal entries.
- Work with the auditor.
Our GASB 96 for Governments brief provides more detailed information and guidance on Statement No. 96.
Contact Yeo & Yeo if you have questions about GASB 96.
The human layer continues to be the most enticing attack vector for cybercriminals. Sadly, most organizations neglect this easily penetrable entry point. Throughout 2022, the world continued to see significant increases in phishing attacks. No industry vertical, size of business, or geography was immune.
The use of email, phone calls, texts, social media, and other outreach methods all work together to evade an organization’s secure infrastructure as workforces and individuals remain more distracted and exposed than ever.
In this eBook, we discuss:
- Industries and their phishing risk level
- How phishing tests can drastically decrease vulnerabilities
- The value of security awareness training
Ready to start phishing your users? We offer baseline testing to assess the phish-prone percentage of your users through a simulated attack. From there, we can provide access to the world’s largest library of training content, including interactive modules, videos, games, posters, and newsletters, so you can start educating and building your human firewall. Contact us to get started.
GASB Statement No. 96, Subscription-based Information Technology Arrangements, is effective for fiscal years beginning after June 15, 2022, and all reporting periods after that. This Statement is based on the standards established with Statement No. 87, Leases, and follows the same foundation, steps, and rules.
The Statement defines subscription-based information technology arrangements (SBITAs) and when such SBITAs should be recorded as right-to-use subscription assets and corresponding subscription liabilities. The Statement also covers which costs associated with the SBITAs are to be included in capitalization, and the disclosures required.
What is an SBITA?
An SBITA is a contract that conveys control of the right to use another party’s (an SBITA vendor’s) information technology (IT) software, alone or in combination with tangible capital assets (the underlying IT assets), as specified in the contract for a period of time in an exchange or exchange-like transaction.
The biggest challenge for organizations will be gathering and evaluating their SBITA population and ensuring completeness. We recommended that organizations review their SBITAs and collect the data necessary to assess if the changes to GASB 96 will apply to such contracts. The information that will be needed includes vendor, description, building/location, account (G/L), contract term (period of coverage), costs associated (may involve more than just subscription payments), and options to extend.
What to Do Now?
- Get an overall understanding of GASB 96.
- Work with your IT/Technology Directors to obtain a list of SBITAs.
- Complete Yeo & Yeo’s SBITA spreadsheet (the template can be requested from your Yeo & Yeo auditor).
- After the assessment of SBITAs that will be affected by the implementation of GASB 96:
- Calculate journal entries.
- Work with the auditor.
Our GASB 96 for School Districts brief provides more detailed information and guidance on Statement No. 96.
Contact Yeo & Yeo if you have questions about GASB 96.
The Payroll Solutions Group would like to make you aware of important payroll updates that will affect you and your employees next year.
Please refer to our 2023 Payroll Planning Brief.
Michigan minimum wage will increase to $10.10 per hour. For more information on the minimum wage increase, visit the State of Michigan Website and watch Yeo & Yeo’s website for future eAlerts and new developments.
Need guidance on closing 2022, preparing for 2023 payroll or meeting payroll deadlines? Contact the payroll professionals at Yeo & Yeo.
As year-end approaches, now is a good time to think about planning moves that may help lower your tax bill for this year and possibly next.
This year likely brought challenges and disruptions that impacted your personal and business financial situation. This year’s planning could be more challenging as you contend with the provisions of the American Rescue Plan Act from 2021 and the new Inflation Reduction Act in 2022.
Yeo & Yeo’s Year-end 2022 Tax Guide provides action items that may help you save tax dollars if you act before year-end. These are just some of the steps that can be taken to save taxes. Not all actions may apply in your particular situation, but you or a family member can likely benefit from many of them.
Next steps
After reviewing the Year-end Tax Guide, reach out to your Yeo & Yeo tax advisor, who can help narrow down the specific actions you can take and tailor a tax plan unique to your current personal and business situation.
Together we can:
- Identify tax strategies and advise you on which tax-saving moves to make.
- Evaluate tax planning scenarios.
- Determine how we can help.
We will continue to monitor tax changes and share information as it becomes available.
As our reliance on technology grows, the risk of individual and commercial cyberattacks increases as well. Hackers now have more opportunities to steal sensitive data than ever before. We’ve created this Cybersecurity eBook to share insights and tips so you can better understand modern cyber risks and the potential impact they could have on your organization. In the eBook, we discuss:
- What types of cyberattacks to watch for, how they work, and emerging trends you need to be aware of.
- How to assess your cybersecurity risks, from taking inventory of the devices on your network to evaluating the impact an attack would have.
- What to do if a breach occurs, from contacting your cybersecurity insurance provider to conducting a thorough analysis of public sites to ensure no private information was posted accidentally.
- How to protect your organization from cyberattacks and the protections you can implement today to decrease your risk.
This 20-page eBook is a comprehensive guide to cybersecurity. We hope you find it useful as you analyze how to keep your organization safe in the digital world.
