News & Resources

33 ways to use technology in your small business

Technology can help small business owners leverage limited capital in smarter and more effective ways.

March 11, 2019

US DOL sets salary level test threshold at $35,308/yr

Last week, the U.S. Department of Labor published its new proposed rule raising the Fair Labor Standards Act (FLSA) “white collar” exemption to $35,308/year or $679/week from $23,660/yr. or $455/week.

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 …

March 1, 2019

Beware the Ides of March — if you own a pass-through entity

Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. Why?

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 […]

February 25, 2019

Accounting should not be taxing for your small business

The ways in which a CPA can be a trusted advisor for your small business

February 20, 2019

Making smart mergers and acquisitions under today’s tax law

Many businesses will pay less federal income taxes in 2018 and beyond, thanks to the Tax Cuts and Jobs Act (TCJA). And some will spend their tax savings on merging with or acquiring another business.

February 18, 2019

Is it wise to carry the majority of your financial risk in your business?

Rich Tegge, owner of Wealth Strategy Group in Marquette, talks with host Michael Rogers about small business risk management and long term financial planning. Tegge serves on SBAM’s Board of Directors. […]

February 11, 2019

Higher mileage rate may mean larger tax deductions for business miles in 2019

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest level since 2008.

February 6, 2019

Cybercriminals impersonate persons of authority within organizations

Business taxpayers should be extra alert for cybercriminals attempting to steal W-2 forms and other sensitive information through a phishing scam.

January 22, 2019

Is there still time to pay 2018 bonuses and deduct them on your 2018 return?

There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay employee bonuses for 2018 in 2019 and still deduct …

January 7, 2019

Reasonable compensation and S Corporations

Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its income, losses, deductions, and credits are distributed across its …

January 3, 2019

10 ways to improve profits in the coming year

For most companies, increasing revenue and profit margins is a goal. Yet, there’s strong competition in most sectors. Here’s a look at ways you can boost your profit margins without having to invest heavily.

December 20, 2018

Timely year-end tax actions

The alteration in the standard deduction and how taxpayers have been accustomed to using it may be the single most important factor for tax planning into 2019.

December 19, 2018

When holiday gifts and parties are deductible or taxable

The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties.

December 13, 2018

Important changes for 2019 payroll

Prepare now for the following payroll changes that will take effect on January 1, 2019, and also consider some actions to take before year-end.

November 26, 2018

2018 year-end tax planning checklist

Yeo & Yeo's Year-end Tax Planning Checklist provides action items that may help you save tax dollars if you act before year-end.