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 […]
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 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 […]
The Consolidated Appropriations Act is expansive and at nearly 5,600 pages, many are left with more questions than answers. Join John Pridnia, CPA, CGMA, Tom Shemanksi, CPA and Anthony Licavoli, CPA from Rehmann on Friday, […]
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 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. […]
By Andrew Matuzak, CPA, PFS, courtesy of Yeo & Yeo COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about […]
In general, government contracts are awarded to the lowest bidder. Yet prevailing wage laws require contractors to pay wages that are comparable to those for similar work in the same city or geographical area. Such laws …
One option business owners choose for succession planning is an employee stock ownership plan (ESOP). ESOPs can empower and retain employees as well as provide tax savings, but careful consideration needs to be given to …
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your business.