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 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 Ahola Corporation On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act into law. While key initiatives in the law include improving and rebuilding roads, bridges, and […]
Eligible businesses can now access Employee Retention Tax Credit (ERTC) for both 2020 and 2021 for eligible employee wages as long as these specific payroll wages and/or group benefits were […]
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 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 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 […]
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 […]
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. […]
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 […]
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. […]
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 …
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 […]
To calculate overtime pay for non-exempt hourly employees correctly, one should first determine a few things.
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 […]