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Showing posts from February, 2020

3 Deductions To Consider

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Tax Day will be here before you know it! April 15th is less than 2 months away and our Mid-MO CPA firm wants you to be prepared. Keep reading this week's blog for a few types of deductions to possibly consider when you go to do your taxes this year if you haven't already. Need help from an experienced tax professional in Central MO ? Call Wilson Toellner CPA today. We have four locations throughout Mid Missouri and you can find all the addresses, directions, and phone numbers on our website at www.WTCPA.com . 3 Deductions To Consider 1. DO YOU WORK FROM HOME AT ALL? If so, there's a good possibility that you can deduct some of the costs of working from home. To deduct the home office costs, your home office must be the main location for your business and you must exclusively and regularly use an area of your home for your business. Please be aware that rules may vary for daycares or other business, so consult with an experienced tax accountant in Central Missour...

Reasons to Complete Your Taxes ASAP

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Tax Day is right around the corner! April 15th is going to be here before you know it. Don't keep telling yourself that you have plenty of time to get your taxes done, over and over again because you are eventually going to run out of time. Something unforeseen can happen and you can't always predict how these things are going to go. If you need tax assistance in Mid-Missouri , you should call an experienced Mid-MO tax accountant sooner rather than later. Wilson Toellner CPA is here for you. Please call us at one of four locations throughout Mid-MO, all of which can be found on our website at www.WTCPA.com . In the meantime, keep reading this week's blog for a few reasons to complete your taxes as soon as possible. AVOID HAVING TO PAY A PENALTY. According to the IRS, "April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. By law, the IRS may assess penalties to taxpayers for both failing to file a tax...

How To Find the RIGHT Tax Accountant

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Tax Day will be here soon, who's doing your taxes? Are you well-versed in the world of tax management? Many people will willingly admit that they prefer to have an experienced tax professional handle their taxes for them. Our accountants in Mid-Missouri are here for you! The sooner you book your appointment to get your taxes done, the better! Call Wilson Toellner CPA today. Our Mid-Missouri CPA firm has four office locations throughout Missouri, you can find all phone numbers on our website at www.WTCPA.com . Keep reading this week's blog for a few tips on finding the right accountant. How To Find the RIGHT Tax Accountant  Source: https://www.irs.gov/newsroom/things-to-remember-when-choosing-a-tax-preparer You can look up any qualified Tax Professional's qualifications. Feel at ease and truly see if the tax professional you are seeing is qualified to be handling either your or your business taxes and check the IRS directory. This is where you can see their cre...

Tax Planning Tips for Your Business 2020

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Tax Day 2020 is on the horizon and will be April 15th. Are you ready? Is your business ready? If not, our CPAs in Mid Missouri are here for you! Keep reading this week's blog for a few tips on how to plan your taxes for your business this year. If you need assistance, please call our Mid-MO tax planning experts . Wilson Toellner CPA has four locations throughout Central Missouri, all of which can be found on our website at www.WTCPA.com . Ask Your Accountant About Carry-Over Deductions Carry Over deductions can include things like: Capital losses  Net operating losses Charitable donations Home Office Deductions Ask your CPA in Central Missouri about these items next time you are in to see him or her. Have an organized system for saving all of your work-related receipts.  This way when it comes time to do your taxes a deduct any work-related expenses you will have everything you need in an orderly fashion.We can help get you set up on App to track work-rela...