Succession Planning for Family Businesses: Is it Ever Too Early?

Nolan Felsing

There is an old saying, “The best time to plant a tree was 20 years ago; the next best time is now.” This saying can be used when thinking about future planning for your family business. Only one-third of all family businesses successfully make the transition to the next generation. Many different factors can play into this statistic, but almost... Is it ever too early?


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


5 Standards of Value Every Attorney Should Understand

David W. Schaeffer

There are two common standards of value that are used by valuation analysts that you may be aware of, Fair Market Value and Fair Value. However, when you and your client have determined the need for a valuation, it is important to understand the other standards of value so that you are best able to apply the most appropriate standard for... Read about the 5 standards

Exit Planning and the Significance of a Business Valuation

Nolan Felsing

Exit planning is a topic many business owners seem to shy away from. Many know at some point they will eventually come to this, but sometimes it can be too late, or not properly executed for the owner to receive the maximum benefits of a well-thought-out exit strategy. Many owners are so occupied with managing and running day-to-day oper... Learn More

Three Questions to Ask Your IT Staff About Cybersecurity

Joe Malott

As a responsible party to the security of your companies data, it boils down to a simple question – when it comes to cybersecurity, how do you know that your organization is secure? Yeo & Yeo Computer Consulting is providing three questions, and a little background about each topic, so you can be confident when reporting to ... Learn More

Unclaimed Property – State of Michigan Filing Requirements

Kristi Krafft-Bellsky

It’s that time of the year when the State of Michigan would like all organizations to look through their bank reconciliations to determine if there are any uncleared checks that have reached a dormancy period as of March 31, 2018, that would require reporting to the state. A general rule of thumb is that the dormancy period is one year f... Learn More


Credentialing Hot Topics

Yeo & Yeo CPAs & Business Consultants

In the world of credentialing, you can always expect changes in the process or variations between insurance carriers. To avoid interruptions in your practice’s reimbursement and revenue cycle, you’ll want to become familiar with the most recent changes. Staying up to date can be challenging, so we’ve compiled a few tips to keep your enro...

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...

Where’s the Money? Ensuring Fair Outcomes in Divorce Cases

Michael J. Oliphant

Unfortunately, divorce often becomes acrimonious, and that acrimony frequently centers on money. Allegations of hidden assets, or even fraud, can muddy the waters and heighten tension, making a fair resolution increasingly difficult. Especially when a private business interest is involved, valuation and forensic accounting expertise is k... Learn More