Courtesy of Yeo & Yeo Michigan’s minimum wage rate will increase to $9.87 on January 1, 2022, an increase from the current $9.65. Michigan’s Improved Workforce Opportunity Wage Act establishes the […]
Courtesy of Yeo & Yeo If you operate a business that collects payroll taxes from employees, here’s a warning: Regardless of what your corporate financial situation is, don’t borrow from the […]
Courtesy of Yeo & Yeo Many businesses are having trouble recruiting and retaining qualified workers today. Nearly 90% of employers reported difficulty filling open positions, according to a recent survey conducted […]
Courtesy of Yeo & Yeo Almost three months after it passed the U.S. Senate, the U.S. House of Representatives has passed the Infrastructure Investment and Jobs Act (IIJA), better known […]
Courtesy of Yeo & Yeo Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals from one or more targeted […]
By Zaher Basha, CPA, CM&AA, courtesy of Yeo & Yeo Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 […]
Courtesy of Yeo & Yeo Many business owners fail to follow the strict tax rules for substantiating vehicle expenses. But if your business is audited, the IRS will most likely ask […]
Courtesy of Ahola Corporation The filing date for the federal income tax has been postponed until May 17. The IRS has announced that individual taxpayers can also postpone federal income […]
By Sheila Hoover, courtesy of SBAM Approved Partner ASE ASE has received many questions regarding the salary history ban many states have enacted recently. A salary history ban prohibits employers […]
Courtesy of Ahola Corporation The second relief bill, passed at the end of 2020, contains updates to the employee retention credit, a refundable payroll tax credit. Each option has its […]
By Leon LeBrecque, originally featured in SBAM’s FOCUS Magazine Good riddance to 2020, to pandemics, to shutdowns, to complicated new regulations and to elections. The question we need to ask […]
By Leon LaBrecque, JD, CPA, CFP®, CFA | Chief Growth Officer, Sequoia Financial The Consolidated Appropriations Act (CAA) gave us some last-minute fiscal relief, notably $600 stimulus checks for individuals and […]
Courtesy of Ahola Corporation A new $900 billion coronavirus relief bill has become law and answers the question of whether federal Emergency Paid Sick Leave (EPSL) and Emergency Family and […]
Courtesy of Yeo & Yeo IRS examiners usually do their homework before meeting with taxpayers and their professional representatives. This includes reviewing any relevant Audit Techniques Guides (ATGs) that typically focus […]
By Rebecca Millsap, CPA, courtesy of Yeo & Yeo It’s been estimated that there are roughly 5 million family-owned businesses in the United States. Annually, these companies make substantial contributions to both […]
Courtesy of Yeo & Yeo Many people are struggling to make ends meet during the COVID-19 pandemic. Fortunately, some individuals qualify for federal-income-tax-free disaster relief and disaster mitigation payments paid by […]
Courtesy of Yeo & Yeo The subject of payroll has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size […]
Courtesy of Yeo & Yeo This has been a rough year for many businesses in a broad range of industries — perhaps including your company. As the New Year beckons, you might […]