Payroll Solutions


Quality Payment Program Changes for 2018

Yeo & Yeo CPAs & Business Consultants

The Quality Payment Program (QPP), established by the Medicare Access and CHIP Reauthorization Act (MACRA), is a payment incentive program that rewards eligible clinicians based on standards of quality and value. Changes have been made to the QPP’s Merit-based Incentive Payment System (MIPS) for the 2018 reporting year. The changes affec...

Apple Money

Is the Price Right? Estimating the Fair Value of a Municipality’s Investments

Yeo & Yeo CPAs & Business Consultants

Management Must Assume Responsibility for Fair Value Estimating the fair value of a municipality’s investments — particularly pension and other postemployment benefit plan investments held in trust — can be a difficult and subjective process. Many municipalities rely on third-party pricing sources such as broker/dealers or valuat...

2018 Payroll Changes

Christine Porras

Paying people used to be simple. More and more federal and state regulations have complicated the payroll process. Important changes in 2018 include the State of Michigan minimum wage increase to $9.25 per hour for wages earned starting January 1, 2018. Following are changes for 2018. 2018 Payroll Changes Social Security Wage Base. T... Learn More

Megan Tuckey of Yeo & Yeo Receives Fundamental Payroll Certificate

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants, a leading Michigan accounting firm, is pleased to announce that Payroll Specialist Megan Tuckey has earned the Fundamental Payroll Certification (FPC) designation from the American Payroll Association. The certification is exam-based and proves extensive knowledge of payroll and how it rel... Learn More

Department of Labor’s Final Rule on Overtime Signals Big Changes for Companies

Yeo & Yeo CPAs & Business Consultants

The U.S. Department of Labor (DOL) has issued the “Final Rule” version of its amendments to overtime pay requirements, affecting more than four million workers who may qualify for overtime pay. The new rules will take effect December 1, 2016.  The new rules include changes to the criteria used to define overtime exemptio... Learn More

2016 Payroll Changes

Yeo & Yeo CPAs & Business Consultants

Employers must implement a number of 2016 payroll tax changes to accurately process payroll. Provided below is a list of scheduled changes that will affect employers beginning next year. Social Security Wage Base. The 2016 wage base will be $118,500. The employee and employer match will be 6.2%. The maximum deduction wil...

Stages of Michigan's Minimum Wage Rate Increase

Yeo & Yeo CPAs & Business Consultants

In 2014, Governor Snyder signed legislation increasing the Michigan minimum wage rate in stages. The first increase took effect on September 1, 2014, increasing the hourly minimum rate to $8.15 per hour. On January 1, 2016, the minimum wage increases to $8.50 an hour; On January 1, 2017, to $8.90 an hour; ...