Manufacturing

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

Tax

IRS Confirms Tax Filing Will Open January 28

Yeo & Yeo CPAs & Business Consultants

The IRS has confirmed that it will begin accepting and processing 2018 tax returns on January 28, 2019, and that it will pay tax refunds despite the partial shutdown of the federal government. The IRS said Congress has directed the payment of all tax refunds through a permanent, indefinite appropriation. This year, the deadline to file ... Will issue tax refunds despite government shutdown

Webinar

Webinar: Revenue Recognition — What Manufacturers and Contractors Need to Know About the New Standard

Yeo & Yeo CPAs & Business Consultants

Wednesday, November 7, 201811:30 AM - 12:30 PM EST Webinar has passed, visit our Events page for future webinars.View a recording of the webinarView the presentation slides Concerned about revenue recognition's impact on your business? With the deadline quickly approaching for private companies to implement the new rev... Read more about the webinar

Benefits of Green Manufacturing

Nolan Felsing

One of the top manufacturing trends today is “Green Manufacturing.” Green manufacturing can be applied in two aspects. First, using renewable energy systems and clean-technology equipment. Second, reducing pollution and waste by minimizing the use of natural resources, recycling, reducing emissions, and reusing waste. This initiative ha... Learn More

Michigan Manufacturing Association – MFG Forum Recap

Christopher Sheridan

Technology trends change in the blink of an eye. To stay competitive, manufacturers need to know what will move their business forward, what processes have become obsolete and what innovations are on the horizon. The 2018 MFG Forum was held on May 9 to guide industry leaders through these emerging issues and provide resources to maintain... Learn More

Michigan Community Colleges Address Labor Shortage in Manufacturing

Nolan Felsing

Many of the manufacturers we speak with express their concern about finding younger talent – or sometimes just available talent – in the manufacturing workforce. Since the recession a few years back, most manufacturing plants have been running leaner, and the manufacturing job force has not been appealing for the younger generation. Also... Learn More

Statewide Manufacturing Forum to Address Emerging Critical Issues

Amy Buben

Technology trends change in the blink of an eye. To stay competitive, manufacturers need to know what will move their business forward, what processes have become obsolete and what innovations are on the horizon. The 2018 MFG Forum will guide industry leaders through these emerging issues and provide resources to maintain Michigan’s manufacturin... Learn More

Make Sure Repairs to Tangible Property Were Actually Repairs Before You Deduct the Cost

Yeo & Yeo CPAs & Business Consultants

Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called repairs weren’t actually “improvements.” The costs of incidental repairs and maintenance can be immediately expensed and deducted on the current year’s income tax retu... Learn More