Wilson Toellner CPA

Do you run a non-profit organization? A lot of passion and hard work can go into the making and managing of a non-profit organization. Many of them serve very noble purposes. Of all of the tasks that need to be completed when managing a non-profit organization, it can be easy to forget the accounting basics that must be done to keep things in order. For accounting for your non-profit organization, call Wilson Toellner CPA . Keep reading for some helpful accounting tips. Accounting Tips for Your Non-Profit Organization Be prepared for audits. You never know when the IRS may step in for an audit. Make sure your non-profit organization is meeting all of the IRS requirements and if you are unsure, ask an accountant in Mid Missouri as soon as possible. Know your operating budget. When managing a non-profit organization, it's important to be aware of what your overall operating budget is and to stick to it. Typically, operating budgets consist of your overhead costs and labo...

As a business owner, you have to be able to trust the people who are working for you. Unfortunately, sometimes the wrong kind of people are hired and businesses deal with the consequences. One of those most common types of theft businesses experience are committed by employees. Our accounting firms in Mid-Missouri is here to give you a few signs to be on the lookout for when it comes to employee accounting fraud. This matter is no joke and if you feel your business could benefit from an audit, call Wilson Toellner CPA . 5 Signs You May Have Employee Accounting Fraud Cash Not Balancing Up No matter what sort of tender you use in your business, whether it be cash or credit - check your balances often. If you start to notice your cash being off by a substantial amount, an employee could be pocketing the missing amount. An Employee on Payroll That Doesn't Exist Have you ever heard of a "ghost employee"? This term is used to describe an employee who was made up, s...

While no one likes thinking about it, planning for who gets ownership of your estate when you pass away is crucial. Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. Also, for business owners, providing for business continuity and succession of ownership is essential. If you need guidance throughout this process, call Wilson Toellner CPA . We provide  estate planning assistance in mid-Missouri . Keep reading for the answers to a few frequently asked question on estate planning. Estate Planning FAQs Q: Do I absolutely have to have a will? A: Legally, no. However, it is strongly recommended. A will is a document that expresses your final wishes in regard to your precious assets and belongings. Your will speaks for you when you can't. Having a will in place can make the transfer of your assets wh...

Starting a new business in Central Missouri can be tough if you are trying to do so all on your own. If you don't have someone who is skilled in the field of accounting to show you the proper way to file your tax-related forms and prepare your payroll, figuring these things out on your own while managing all the other duties that go into starting a business can be stressful. Get the accounting help in Mid Missouri you need and call Wilson Toellner CPA today. Keep reading for a few tips for starting a new business. Helpful Tips for Starting a New Business Tip #1: Find a need YOU can fill. This tactic can be VERY beneficial as you start your new business. Know your community and know what your neighbors and fellow residents need and determine if you can find the resources and have the abilities to fill that need. For example, if your area is lacking in businesses that have physical work out classes available to patrons and there is a target market there for that service,...