Government

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Alan Panter Receives CGFM Credential

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants is pleased to announce that Alan D. Panter, CPA, Principal, has achieved the Certified Government Financial Manager (CGFM) credential, awarded by the Association of Government Accountants (AGA). “The CGFM credential is considered the mark of excellence in federal, state and local government,” say... Learn about Alan's CGFM Credential

Business Strategy

Public Act 202 of 2017 – Uniform Assumption Requirements

Michael L. Rolka

Public Act 202 of 2017 requires governments to prepare additional reporting for pension and other post-employment benefits (OPEB) plans using Form 5572. By this time, every government that has had this reporting requirement has filed this form, and the potential waivers or corrective action plans to address underfunded status. For primary ... Learn more about Public Act 202

Road

Higher Mileage Rate May Mean Larger Tax Deductions for Business Miles in 2019

Yeo & Yeo CPAs & Business Consultants

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest level since 2008. As a result, you might be able to claim a larger deduction for vehicle-related expense for 2019 than you can for 2018. Actual costs vs. mileage rate Busine... Learn more about the higher mileage rate

5 Audit and Financial Statement Tips for Newly Elected Officials

Jamie Rivette

  The audit process, and review of financial statements, can be a bit overwhelming for you as an elected official if you don’t have a strong financial background. Here are five tips to help you wrap your arms around this task. 1. Look through last year’s audited financial statements. Ask for a copy of the previous year’s financial... Learn More

Four Key Ways to Utilize Your Auditor for More than Just the Audit

David R. Youngstrom

Audits have a stigma that leads people to believe that audits (and the auditors) are only a requirement to check off the annual business cycle. Hopefully, you have a great relationship with your auditor that allows the audit process to go smoothly. Once the financial statements have been released, the audit submitted to the State, and the Board ... Learn More

Dixon Earns AICPA Advanced Single Audit Certification

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants is pleased to announce that Brian Dixon, CPA, has achieved the Advanced Single Audit Certification from the American Institute of CPAs (AICPA). The certification is reserved for auditors with a minimum of seven years of experience planning, performing, reviewing, and reporting single aud... 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 IRS.gov that will help individual taxpayers and businesses. New Tax Reform Web Page. The IRS created the Tax ... Learn More

Jamie Rivette Receives CGFM Credential

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants is pleased to announce that Jamie L. Rivette , CPA, has achieved the Certified Government Financial Manager (CGFM) credential, awarded by the Association of Government Accountants (AGA). “This recognition reinforces Jamie’s leadership in our government niche as she continues to be a driving fo... Learn More