Thank you for your interest in our firm. Please visit our services page to see how we can help you or your business benefit from expert advice and accounting services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.
Yerkes & Michels, CPA, LLC is one of the leading firms in and throughout the Four States Region. By combining our expertise, experience, and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of qualified professionals, and work ethic is the reason our client base returns year after year.
Yerkes & Michels, CPA, LLC is one of the leading firms in and throughout the Four States Region. By combining our expertise, experience, and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of qualified professionals, and work ethic is the reason our client base returns year after year.
Services
Services
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Yerkes & Michels, CPA, LLC provides a wide range of services to individuals and businesses in a variety of industries.
At Yerkes & Michels, CPA, LLC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Yerkes & Michels, CPA, LLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
At Yerkes & Michels, CPA, LLC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Yerkes & Michels, CPA, LLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Our Firm
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When a firm's been around for more than 90 years, it must be doing a lot of things right.
Like taking the time to understand every client's business, and providing consistent high quality work to provide our clients with the most value for their dollar.
That's the philosophy we were founded in the early 1930's by Joseph Acre.
In 1959 the firm was purchased by Don Yerkes, Louis Michels, and Charlie Callahan and evolved to Yerkes & Michels, CPA in 1969.
10 years later J. Dan Carroll became a partner with Carmen Duroni and Randy Hoffman joining Dan 20 years later in 1999.
Like taking the time to understand every client's business, and providing consistent high quality work to provide our clients with the most value for their dollar.
That's the philosophy we were founded in the early 1930's by Joseph Acre.
In 1959 the firm was purchased by Don Yerkes, Louis Michels, and Charlie Callahan and evolved to Yerkes & Michels, CPA in 1969.
10 years later J. Dan Carroll became a partner with Carmen Duroni and Randy Hoffman joining Dan 20 years later in 1999.
Our Staff
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Here at Yerkes & Michels we pride ourselves in the quality of our employees.
We could not do what we do without them and their value is proven time and again with our high level of customer satisfaction.
All of our Staff Accountants have a minimum of a Bachelors in Accounting (or related field) and undergo rigorous training in each of their areas of work.
All accountants also obtain a minimum of 80 hours of continuing education every two years in the areas of accounting and auditing, as well as attending all tax schools and tax update courses for a minimum of 16 hours every year.
We could not do what we do without them and their value is proven time and again with our high level of customer satisfaction.
All of our Staff Accountants have a minimum of a Bachelors in Accounting (or related field) and undergo rigorous training in each of their areas of work.
All accountants also obtain a minimum of 80 hours of continuing education every two years in the areas of accounting and auditing, as well as attending all tax schools and tax update courses for a minimum of 16 hours every year.
Business
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Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Financial
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Following are some generally recognized financial planning tools that may help you reduce your tax bill.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
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