What are the Tax Implications of Buying or Selling a Business?
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 […]
Blog/News
Categories
- All
- Weatherization Grant Testimonials
- Small Business Briefing Archives
- Webinar Videos
- Loans and Funding Webinars
- Go Local Blog
- Champion
- Breaking News
- Agents
- Member Benefits
- Agent Alert
- Focus Magazine
- Uncategorized
- Magazine Content
- Health Care Reform
- Event
- Top News
- Accounting and Finance
- Legal
- Advocacy
- Watchdog News
- Operations
- Human Resources
- Audio Seminars
- Information Technology
- Sales and Marketing
- SBAM News
- Blog
- News
March 25, 2021
Read More
March 24, 2021
Follow Detailed Recordkeeping Rules for Vehicle Expense Deductions
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 […]
March 19, 2021
Federal Income Tax Filing Deadline Extended to May 17
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 […]
January 19, 2021
Quick Action Required – New Stimulus For Small Business
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 […]
December 31, 2020
Understanding IRS Audit Guidance
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 […]
November 20, 2020
Award Year-End Bonuses the Right Way
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 […]
November 18, 2020
Best Practices When Forecasting Cash Flow
Courtesy of Yeo & Yeo Cash flow is a top concern for most businesses today. Cash flow forecasts can help you predict potential shortfalls and proactively address working capital gaps. […]
November 2, 2020
Where Do We Go from Here?
Business Owners and CARES Stimulus By Leon C. LaBrecque, originally featured in the September/October edition of FOCUS Magazine LET’S JUST BE HONEST—2020 HAS BEEN A COLOSSAL MESS. For the first […]
October 20, 2020
The Easiest Way to Survive an IRS Audit is to Get Ready in Advance
Courtesy of Yeo & Yeo IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. […]
July 29, 2019
Deducting your summer vacation
Taxpayers are always looking for ways to improve their tax position by increasing deductions or credits, and there are tax provisions in place that are at least worth reviewing with your tax advisor to see …
July 5, 2019
Competitive analysis: How it can help your business
Contributed by Independent Bank Businesses often have the primary goal of growing and profiting, and there are several ways they attempt to do it. Between business plans, marketing, and creating […]
July 3, 2019
Overtime pay calculation – are you doing it correctly?
To calculate overtime pay for non-exempt hourly employees correctly, one should first determine a few things.
June 14, 2019
Fraud in your business: Five ways to prevent fraud from destroying your profit margins
By Anna Sperling You’ve probably heard that most small businesses fail within the first five years. This sobering statistic may make you reconsider owning and operating a small business, but […]
May 20, 2019
Excess cash management tips
Tips and hints on excess cash management in your small business
April 18, 2019
Records retention guidelines to remember during spring cleaning
By 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, […]
March 8, 2019
Will leasing equipment or buying it be more tax efficient for your business?
Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets.
March 1, 2019
Several ways to defer the tax on gains
When a sale of a business or investment property results in a gain, the seller is typically taxed on that gain during the year of the sale, even when the gain was generated over many …
February 25, 2019
10 questions to ask when hiring a small business accountant
Article by Gordon Advisors, P.C. There are probably several dozen questions you could ask a small business accountant vying to work for your company. But would you also take the […]
© 2021 Small Business Association of Michigan, All rights reserved