Tax Planning


Hiring This Summer? You May Qualify for a Valuable Tax Credit

Yeo & Yeo CPAs & Business Consultants

Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This includes youth whom you bring in this summer for two or three months. The maximum credit employers can claim is $2,400 to $9,600 for each eligible employee. 10 targeted groups A... Learn more about the tax credit


Surprised by Your 2018 Personal Tax Results? Consider Making Adjustments to Your Withholding

Yeo & Yeo CPAs & Business Consultants

Millions of Americans were surprised by their 2018 personal income tax results. Some owed less than in previous years, while others received a smaller refund. 2018 was the first year that the Tax Cuts and Jobs Act took full effect, so all taxpayers were affected to some degree. While a large refund is easier to handle than a large amount due... Consider making adjustments to your withholding


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


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


Three Questions You May Have After You File Your Return

Yeo & Yeo CPAs & Business Consultants

Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions that we’re frequently asked at this time of year. Question #1: What tax records can I throw away now? At a minimum, keep tax records related to your return for as long as the IRS can a... Learn the three questions

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Create a “Road Map” For Your Estate Plan

Yeo & Yeo CPAs & Business Consultants

No matter how much effort you’ve invested in designing your estate plan, your will, trusts and other official documents may not be enough. Consider creating a “road map” — an informal letter or other document that guides your family in understanding and executing your plan and ensuring that your wishes are carried out. Navigating ... Road Mapping Your Estate Plan


No, It’s Not Unusual to Include Your Pet in Your Estate Plan

Yeo & Yeo CPAs & Business Consultants

An unexpected outcome of the recent death of designer Karl Lagerfeld is that the topic of estate planning for pets has been highlighted. Lagerfeld’s beloved cat, Choupette, played a major role in his brand. The feline was the subject of a coffee table book and has a large Instagram following. Before his death, Lagerfeld publicly expresse... Are you including your pet in your estate plan?