Whip Jobs into Shape with Work in Progress (WIP) Summary

Yeo & Yeo CPAs & Business Consultants

What if you need to see the profitability of a project while it's happening? You may be struggling with matching the timing of your revenue to your costs because you invoice in advance of the work being completed. The Job Work in Progress Report (WIP) Summary can be used by contractors or other businesses that progress or advance bill th... Learn More

Construction Industry Outlook: What to Expect in 2017

Alex Wilson

Over the past few years, the construction industry has seen some profitable times, with a significant amount of new construction taking place throughout the state in both the residential and commercial sectors. Businesses are investing more in the infrastructure of their operations and are willing to expand and improve, which is driving ... Read More

Mike Tribble of Yeo & Yeo Inducted into National Association of Home Builders’ Society of Honored Associates

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants, a leading Michigan accounting firm, is pleased to announce that Michael T. Tribble, CPA, received the National Association of Home Builders’ (NAHB) Society of Honored Associates award.     “Mike’s tireless commitment to the NAHB is greatly appreciated by many staff and vo... Read More

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