Latest News
COVID-19 Resource Center
Count on us.
Yeo & Yeo’s top priority is to deliver outstanding business solutions to our clients. It is our goal to continue providing essential services while ensuring our employees remain healthy and safe. We remain committed to sharing resources while providing you the most up-to-date information as state restrictions are lifted, and continue to monitor federal, state, and local government updates.
For your convenience, we still encourage our clients to use our Portals. Please continue to coordinate document pick-up, drop-off, and necessary appointments with your Yeo & Yeo professional or local office. For everyone’s health and safety, our offices remain closed for group, board, and association meetings and trainings.
CARES Act
- CARES Act Made Changes to Excess Business Losses
- How Fraud Perpetrators are Stealing Unemployment Benefits
- CARES Act Provides 4 Possible Reasons to File an Amended Return
- 7 CARES Act Benefits for Nonprofits
- CARES Act: Changes that Impact Personal Finances
Tax Updates & Tax Relief
- President Biden Details His Tax Proposals for Individuals
- Employer Tax Credits Extended for Employee Paid Leave Due to COVID-19
- Congress Approves COVID Relief Bill Providing Over $900 Billion More in Coronavirus Aid
- The IRS Issues Guidance on the Executive Action Deferring Payroll Taxes
- Keep Economic Impact Payment notice with other tax records
- COVID-19 Tax Relief: Roundup of Postponed Federal Tax Deadlines
- Reduce COVID-19 Financial Impacts by Outsourcing Finance, Accounting and HR Functions
- Do You Have Tax Questions Related to COVID-19? Here Are Some Answers
SBA Loans: Payroll Protection Program (PPP) and Economic Injury Disaster Loans (EIDL)
- PPP Application Deadline Extended to May 31
- PPP Adjusted to Prioritize Very Small Businesses
- PPP Revisions Target Smallest Businesses
- Biden Administration Announces Reforms to PPP to Assist Small Businesses
- PPP Loan Fund Planning and Forgiveness Assistance
- IRS Confirms Nondeductibility of PPP-funded Expenses
- Small Business Administration Releases Simpler Form for Forgiveness of Smaller PPP Loans
- COVID-19: Accounting for PPP Loans and Strategies for Nonprofits
- PPP Flexibility Act Eases Rules for Borrowers Coping with COVID-19
- Fortunate Enough to get a PPP Loan? Forgiven Expenses Aren’t Deductible
- Senate Passes Paycheck Protection Extension Bill
- FAQs on New Paycheck Protection Program
- SBA Releases PPP Loan Forgiveness Application
- US SBA Disaster Loan
- Michigan SBA Disaster Loan Assistance
For Employers
- How COVID-19 Could Impact Year-end Inventory Counts
- Reopening Concepts: What Business Owners Should Consider
- 6 Key IT Questions to Ask in the New Normal
- Assessing Productivity as you Cope With the Pandemic
- SBA Reopens EIDL Program to Small Businesses and Nonprofits
- Re-evaluate Your Company’s Competitiveness in a Changed Economy
- Businesses: Think about Tomorrow When Hunkering Down Today
- Plan for Employee Safety as Employees Return to Work
- Can Your Business Survive and Even Thrive in These Trying Times?
- Can Employees Collect Unemployment if They Refuse to Return to Work
- Is it Time to Reopen Your Business? 10 Questions to Ask Yourself
- Safety First: Limiting COVID-19’s Impact on Construction Work
- COVID-19: A Reminder of Why Cross-Training Your Accounting Staff is Key
- How Manufacturers Can Operate Safely and Productively During the COVID-19 Crisis
- COBRA Coverage for Furloughed Workers
- Hiring Independent Contractors? Make Sure They’re Properly Classified
- COVID-19 Relief for Employers: New Employee Retention Tax Credit
- New Federal COVID-19 Requirements for Paid Leave
- COVID-19: Can DCAP Elections be Changed Midyear?
- COVID-19: State Unemployment Guidance and Actions
- Coronavirus Relief Act Provides Payroll Tax Credits for Employers
For Industries
- Tax-Exempt Organizations That Paper Filed Form 990 During COVID-19 Can Expect Delays
- Overcoming the Challenges of Remote Auditing During the COVID-19 Crisis
- School Funding Related to COVID-19 and State Budget Update Presentation
- COVID-19 Update for Local Governments
- Real Property Businesses and Farming Businesses – Electing Out of the Business Interest Expense Limitation
- Highlights of Changes and MDE Updates in Response to COVID-19
- What COVID-19 Legislation Means for Nonprofits and Their Staffers
Health Care and Medical Practices
- Temporary Cost Share Waivers Extended Due To COVID-19
- HHS CARES Act Provider Relief Fund Website
- COVID-19 Outbreak Brings Telemedicine to the Forefront
Business Planning & Opportunity
- Family Business Tax-Saving Moves in the COVID-19 Era
- Launching a Business? How to Treat Start-up Expenses on Your Tax Return
- Don’t Get Shortchanged by a Liquidating Business
- Businesses Revise Sales Compensation Models During Pandemic
- Independent Assurance Inspires Confidence in Sustainability Reports
- Factoring COVID-19 into the Valuation Equation
- Questions to Ask When Making COVID-19 Risk Disclosures
- 4 Steps to a Stronger Balance Sheet
- Beware: Coronavirus May Affect Financial Reporting
- How to Manage COVID-19 Related Business Risks
- MEDC Resources for Michigan Businesses During COVID-19
Financial Planning
- IRS announces rollover relief for required minimum distributions from retirement accounts
- Relief for taxpayers affected by COVID-19 who take distributions or loans from retirement plans
- 401(k) Contributions: Employers Should Keep Calm but Know the Options
Security
- Recent Efforts to Corral COVID-19 Fraudsters
- 5 Ways to Protect Remote Workers — and Your Business — from Cyberattacks
- Seniors Face a Double Threat with COVID-19
- COVID-19 Scams to Avoid Like the Virus
- Protect Yourself from Stimulus Check Scams
Useful COVID-19 Links
- State of Michigan Dedicated Coronavirus Webpage
- IRS Coronavirus Dedicated Tax Resource Center: irs.gov/coronavirus
- IRS Coronavirus Tax Relief and Economic Impact Payments Information
- IRS Economic Impact Get My Payment Application Tool for Filers and Non-filers
- SBA Coronavirus Relief Options
- Michigan Paycheck Protection Program (MiPPP)
- Michigan Unemployment Insurance Agency– File Online for Faster Service
- Centers for Disease Control and Prevention
- World Health Organization
- Share Facts About COVID-19
- CDC Coronavirus Disease 2019 (COVID-19) Web page
- CDC Information on Coronavirus Disease 2019 (COVID-19) Prevention, Symptoms and FAQ
