Individual Tax Calendar: Important Deadlines for the Remainder of 2018

Yeo & Yeo CPAs & Business Consultants

While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that you also need to be aware of. To help you make sure you don’t miss any important 2018 deadlines, here’s a look at when some key tax-related forms, payments and other actions are due. Keep in... Learn More

TCJA Changes to Employee Benefits Tax Breaks: 4 Negatives and a Positive

Yeo & Yeo CPAs & Business Consultants

The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will impact not only employees but also the businesses providing the benefits. 4 breaks curtailed Beginning with the 2018 tax year, the TCJA reduces or eliminates tax bre... Learn More

5 Tips & Tricks for Using QuickBooks Online

Megan Taylor

Intuit is encouraging users to move from QuickBooks Desktop to QuickBooks Online (QBO). If you previously used QuickBooks for Mac, the next time you upgrade, QBO will be your only option. The user interface for QBO is quite a bit different from QuickBooks desktop, but it has several nice features. 1.Use it in Chrome By far the best browser ... Learn More

Prepare Now for New Medicare Card Numbers

Yeo & Yeo CPAs & Business Consultants

Throughout the next 12 months, Medicare will remove social security numbers from Medicare cards and mail new cards to consumers. This change will help the Centers for Medicare & Medicaid Services (CMS) prevent fraud and identity theft, and protect financial information. Medicare Beneficiary Identifier numbers will replace the Health ... Learn More

5 Tips for Fraud Prevention in School Districts

Molly Fish

School districts are as vulnerable to fraud as organizations in the private sector. The types of fraud most often perpetrated in the education industry include procurement schemes, corruption (conflicts of interest, bribery, illegal gratuities and economic extortion) and skimming. The Association of Certified Fraud Examiners’ most recent rep... Learn More

Are You Overwhelmed? Prioritize to Take Control of Your Work Life

Ali N. Barnes

Let’s face it: At some point, we all feel overwhelmed at work. Emails flood our inbox, our calendars run rampant with meetings, crucial deadlines that we’ve known about for months are suddenly imminent, and we’re left feeling stressed with no hope of catching up. If your heart rate just increased simply by thinking about being overwhelme... Learn More

Best Practices for Effective Board Packets

Michael Evrard

A good board packet usually translates into productive discussions, relevant exchanges of information, and efficient use of everyone’s time. Packets should contain reference materials and tools needed to keep the board meeting running smoothly. Materials should be provided to members well in advance of the meeting. The board should set t... Learn More

Nonprofit Quick Tip: Document Retention Policy

Michael Evrard

A document retention and destruction policy is an important tool to help keep your nonprofit organization in compliance with regulatory, legal, and audit requirements. Each organization should customize a policy specific to their needs and consider situations where you may need to retain items longer than other organizations or industrie... Learn More

IRS Encourages 'Paycheck Checkup' for Taxpayers to Check Their Withholding

Yeo & Yeo CPAs & Business Consultants

Taxpayers who have questions about the Tax Cuts and Jobs Act have several resources that will help answer questions. The legislation, passed in December 2017, changes many areas of the tax law. Here are some of the resources on that will help individual taxpayers and businesses. New Tax Reform Web Page. The IRS created the Tax ... Learn More

Ann Arbor SPARK Announces 2018 FastTrack Award Applications

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo is proud to sponsor Ann Arbor SPARK’s 2018 FastTrack Awards, celebrating the economic prosperity of the greater Ann Arbor region. Since 2010, it has been the firm’s privilege to support this initiative by reviewing and verifying the FastTrack applications. FastTrack is an exciting annual program sponsored by Ann Arbor SPARK, r... Learn More