Manufacturing

Manufacturing

The Perfect Manufacturing Storm: 7 Ways to Weather It

Yeo & Yeo CPAs & Business Consultants

In the current political climate, just about the only thing manufacturers can be certain about is continuing uncertainty. Everything from changes to foreign trade policies, to new tariffs, to military actions threaten to disrupt smooth operations in the manufacturing sector. To complicate matters, there's no clear timeframe for when (or if)... Learn the 7 ways

Records

Records Retention Guidelines to Remember During Spring Cleaning

Yeo & Yeo CPAs & Business Consultants

Warm weather and rainy days bring the urge to purge. But before you clean your file cabinets or declutter your computer files, it's important to review these guidelines. Federal Tax Records Most tax advisors recommend that you retain copies of your finished tax returns indefinitely to prove that you actually filed. Even if you don't keep th... Learn more

Fraud

Look Out for These Five Fraud Perpetrators

Amy Buben

The Embezzler. The Common Thief. The Hacker. The Inventor. The Glutton. No, these aren't cartoon villains. They're all-too-real occupational fraud perpetrators who fleeced their employers of thousands — or even millions — of dollars. Although we've attached the names to actual criminals in cases reported by the U.S. Justice D... Look out

Road Map to Manufacturing 4.0

Yeo & Yeo CPAs & Business Consultants

The manufacturing industry is at a pivotal point in its history. Recognizing the significance of this juncture, the Manufacturing Leadership (ML) Council recently released its Critical Issues Agenda for 2018/2019, titled The Journey to Manufacturing 4.0. The result of extensive research, consultation and refinement involving more th... Learn About Manufacturing 4.0

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