Wilson Toellner CPA

Earlier this month, our Central MO CPA firm presented to a local entrepreneurs’ club called One Million Cups about our major internal initiatives, as well as the challenges and opportunities present in our rapidly changing industry. Here is a link to our presentation: https://www.youtube.com/watch?v=O2oXB-JQzwc&t=19s. As explained in our presentation, it is an exciting time with rapid change in our Mid-Missouri CPA firm and in the world of accounting, tax, and business consulting. Because these changes are shaping our client experience and service offerings every day, Wilson Toellner CPA would like to share the major themes of our presentation. Change comes from the outside, transformation comes from within. As the business-technology climate changes around us, we realize that our greatest opportunity to make a difference for our clients lies in helping them shape and transform their futures rather than watching them react to change and manage crises. Technology is driv...

We have all done story sequencing.  We are given a series of pictures and asked to put them in a logical order and then narrate the story we created from beginning to end.  Much like sequencing a story, you need to have data for your business, be able to interpret the data to know what story it is telling you, and take action to write a happily ever after ending to your story. If data is captured, but there is no context in which to apply the data to create meaning around it, different endings to your story will be created.  As a business owner, you want to influence your team to align around shared goals so the ending to your story is how you would write it, not someone else.  Our Mid-Missouri CPA firm is here to give you six components to implement into your business that will help lead you to creating your own happily ever after. If you have any questions or would like some business consulting in Central Missouri , please call Wilson Toellner CPA . We have four...

This is the third blog in our series on common stumbling blocks for start-ups and small businesses. The other blogs, about appropriately delegating business duties and planning ahead in business, can be found here: Small Business Stress: Part 1 Small Business Stress: Part 2 Our goal is to be conversational and to provide readers with thinking points to kickstart important conversations in their organizations. If you'd like to have a conversation with one of our advisors on this or any other topic, please contact us via our website at www.WTCPA.com . Any stories told in these posts are fictional but may sound familiar to many small business owners. If you ask any Mid-MO CPA or business advisor in Central Missouri for a short list of things every small business owner must understand, a common item will certainly be "Employee vs. Contractor Rules." Essentially, this speaks to when someone must be on payroll, and when it is appropriate for them to be a 1099-cont...

Have you ever heard your Mid Missouri accountant say something along the lines of, we have to change your accounting procedures due to the release of SSARS 21 or FASB ASU No. 2014-09?  Have you ever wondered what they mean when they say SSARS, FASB or GAAP? Or how accounting changes will impact you as an accounting client?  First, let’s understand what these acronyms stand for. SSARS stands for Statements on Standards for Accounting and Review Services, FASB stands for Financial Accounting Standards Board and GAAP stands for Generally Accepted Accounting Principles, makes perfect sense right?  If you aren’t an accountant SSARS/FASB/GAAP isn’t something that you hear about every day in the news like you do with changing tax laws.  However, these standards are very important for how your accounting results are displayed/portrayed and what your bottom line will look like.  These standards not only dictate how an accountant at a CPA firm in Central MO operate...