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Showing posts from October, 2019

The Benefits of Having the MileIQ App For Your Business

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As a business owner, our business advisors in Mid-Missouri understand how important it is for you to be able to manage your time wisely. If you have to operate a vehicle or your employees have to operate a vehicle as part of your business, then you know how time-consuming keeping track of a mileage log can be. It's required in order to deduct your expenses, BUT the lengthy amount of time it takes to do so the old-fashioned way is not required. This is why our accounting firm in Central Missouri is here to talk to you about the app MileIQ in this week's blog. Wilson Toellner CPA offers App Advisory Services. We can recommend the perfect app that may make certain processes in your business run much more smoothly. If this sounds like a service you and your business may be interested in, please call our CPA firm in Mid-Missouri today. We have four locations throughout Central Missouri and all addresses and phone numbers can be found on our website at www.WTCPA.com . The

Transformation Equation

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I feel like I am in a constant state of transformation, personally and professionally at the Mid-Missouri accounting firm I work at.  I love it and would not have it any other way!  One of my favorite times of the year is when I get to travel to our Central Missouri accounting firm 's bi-annual Business Transformation Circle with Boomer Consulting, Inc. At our meeting last week, we heard Tom Hood, CEO of Maryland Society of CPAs, speak about change and transformation.  He enlightened us with an equation about transformation. D  X  V  X  F  >  R D = Dissatisfaction with Status Quo V = Vision for the future F = First steps R = Resistance In order for transformation to happen, you must be dissatisfied with the status quo, you must have a vision for what you want the future to be, and you must be taking steps toward that future.  These three variables together must be greater than the resistance, either within or outside yourself or business. I won’t forget Tom’s co

Reaction to the New Salary Threshold in the Overtime Rule

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After almost four years and a judicial block, the Department of Labor (DOL) issued the final rule for the Fair Labor Standard Act’s (FLSA) salary threshold for overtime as $35,568, which takes effect January 1, 2020. I know what face you may be making now.  One much like the face of the pumpkin that my two young kids carved.  You may be smiling because you are glad there is finally a final rule.  Yet you may grimace because now you have to comply with the higher salary threshold of the rule. What has not changed is the three part test for determining employee exemption from over-time, of which the salary threshold is one.  Our CPA firm in Central Missouri is here to review the three part test briefly in this week's blog. For further questions on this subject, please give our accounting firm in Central Missouri a call. All phone numbers for the four Wilson Toellner CPA offices can be found on our website at www.WTCPA.com . Salary Basis Test The employee must be paid a p

5 Interesting Facts About Wilson Toellner CPA

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Here at our accounting firm in Mid-Missouri , we take pride in getting to know each and every one of our clients. This very thing is probably one of our favorite parts of the job. That being said, since we get to know our clients so well, we think it's only fair that you get to know a little more about our Central Missouri CPA firm too. Keep reading for a few interesting facts about Wilson Toellner CPA in this week's blog. 5 Interesting Facts About Wilson Toellner CPA 1. We were founded in the '80s! Wilson Toellner CPA was founded in 1988 by Alan Wilson and Ron Toellner. Ron and Alan envisioned a CPA firm that would be responsive to the needs of its clients, communities, and team members, while creating uniquely enjoyable experiences for the people it served. 2. This is a very popular place to work!  In 2016, 2017, and 2018 Wilson Toellner CPA was named by Accounting Today Magazine as a Top 100 Firm in the country to work for because we strive to create an en