Wilson Toellner CPA

Wilson Toellner CPA is not your typical accounting firm in Mid-MO . We offer MANY services and way more than just accounting-related options. We strive to make the lives of business owners easier in any way we can. We truly value the relationships we make with clients and enjoy getting to know them. Keep reading this week's blog to get to know the Wilson Toellner team a little better. Know that we have 4 offices throughout Mid-Missouri, one in Sedalia, Marshall, Camdenton and Lake Ozark. Get To Know The Wilson Toellner Team Each team member listed below has taken the time to write a short bio about themselves and you will find a link to each one on our website, HERE . Sedalia Wilson Toellner CPA 2700 Matthew Dr Sedalia, MO 65301 T: 660-827-4990 F: 660-826-3325 ALAINA GUMP, CPA ANGIE BRANDES ASHLEE SARTAIN BECKY GRISSOM BRENDA HEIMSOTH CARMEN GROSS, CPA HALLYE LANE ISAAC GARBER JENNY EASTEP, CPA KENT LANG, CPA LINDSAY KELLY, CPA LISA BRAVERMAN MEGHAN JEFFREYS MILENE MITTELHAUSER, ...

Wilson Toellner CPA is here for you as a small business owner. We want to do everything we can to make your life easier right now. That's why we want to point you in the right direction when it comes to tracking your expenses, keeping track of your employees' time cards, and paying your bills. Technology can make ALL those tasks and MORE much easier. Keep reading this week's blog to learn a little more about a few apps we recommend. Call our Cental MO CPA firm today for help with any of these apps. Technology Saves Time and Boosts Results Technology provides us with great tools for streamlining and automating business processes, and we are passionate about introducing clients to technology that saves time and boosts results. Our use of technology results in less manual data entry, leaving more time for high-level interaction with our clients and more time building strategies that help you succeed. These are just a few of the software applications that we use with many cli...

On Saturday, August 8, 2020 President Donald Trump signed four executive orders to provide economic relief in response to the ongoing pandemic. Here is a breakdown of the four executive orders: 1. Treasury and Housing and Urban Development (HUD) departments have been directed to find ways to provide temporary financial assistance to struggling renters and homeowners. The order also directs HUD to do what it can to help renters and homeowners avoid eviction and foreclosure.  2. Moratorium on federally-backed student loan payments (and zero interest), previously set to expire September 30, has been extended until the end of the coronavirus crisis.  Student loans held by private lenders do not qualify for this relief. 3. Given the recent expiration of the $600 weekly Federal add-on to state unemployment benefits, a new $300 weekly add-on will be implemented, with the potential for an additional $100 from the filer’s resident state.  Extra benefits would be available th...

Many of you have likely heard about the CARES Act by now, but you may not realize HOW MUCH of an impact it really has. Our Mid-MO CPA firm has talked about how the CARES Act has affected small businesses and individuals, but have you ever wondered how it may be affecting charitable donation deductions? If so, this is the blog for you. Our CPAs in Central Missouri are here to explain how the CARES Act has changed charitable giving deductions in this week's blog. If you have any questions, please do not hesitate to give us a call at Wilson Toellner CPA . We have four offices throughout Mid-MO, one in Sedalia, Marshall, Camdenton, and Lake Ozark. All of our phone numbers can be found on our website at www.WTCPA.com . The CARES Act has resulted in changes to deductions for charitable donations. Individuals (who do not itemize) can receive a deduction from gross income for up to $300 for qualified charitable contributions for tax years beginning 2020 Individual taxpayers are ...

Calling all business owners! If you have received Paycheck Protection Program or PPP funds less than $2 million, this is the blog for you. Our CPA firm in Mid-MO wants to do our best to keep you as updated as possible on information that pertains to you that the Treasury announces. As you know by now, things are changing constantly throughout this COVID-19 pandemic and our Central MO CPA firm is here to help you stay on top of that information. Keep reading this week's blog to learn more about how the SBA is now providing a safe harbor for PPP loans under $2 million. The Treasury recently released the following information in a sequence of frequently asked questions: Source:  https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf 46. Question: How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request? Answer: When submitting a PPP application, all bo...

Many companies across the nation have unfortunately had to lay off employees or reduced pay to make their financial ends meet. This leaves business owners wondering what their options are as far as how to move forward. We here at Wilson Toellner CPA believe we can all get through this together. Our Mid-MO CPA firm is here to answer one important question many business owners likely have, in this week's blog: Can Companies Who Have Laid Off Employees or Reduced Pay, Qualify For PPP Loan Forgiveness? "PPP or the Paycheck Protection Program is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis." Src:  https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program The short answer to the question listed above is YES, but let's dive into that a little further. According to the PPP – Fact Sheet, you have until June 30, 2020 to restore your full-time employment and salary lev...

By now, you have probably heard about the Paycheck Protection Program (PPP), which was created by Congress under the CARES Act and provides businesses with a forgivable loan (one that potentially does not have to be paid back) equal to ten weeks of average payroll expenses. Initially, Congress funded the PPP with $349 billion dollars, which had all been loaned to businesses in about two weeks and was gone by April 16th. In the coming days (maybe even by the time you read this), Congress is expected to add roughly $300 billion more to the program. There is speculation that this additional $300 billion will be loaned very quickly, and perhaps may already be gone, based on applications already on file with banks. Our advice has been, and continues to be for clients to reach out to their lender to discuss participation in the PPP, and to let us know if you’d like help with your application. Over the last several weeks, our Mid-MO CPA firm has been working closely with our clients a...

Dear Clients, With the coronavirus pandemic continuously changing, the Wilson Toellner CPA leadership team wants to assure you that we are closely monitoring the situation. We have the utmost concern for the safety and well-being of our clients and our team. Our firm has been at the forefront of technology and our proven business continuity plan is readily implemented. We believe it is critical for us all to do our part to curb the spread of the coronavirus. Through careful consideration, we have made the decision to work with our clients through phone, email, mail and drop off of information only.  Our offices will be closed to the public.  Members of our team will be in our offices from 8:00 – 5:00 Monday through Friday to collect items that have been dropped off. We urge you to use our secure SafeSend Portal whenever possible. If you need assistance, we are here to walk you through step-by-step, email us at covid19@wtcpa.com or call us at our offices listed...

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...

The holiday season is in full effect! Our CPA firm in Central Missouri hopes you enjoyed your Christmas and that you have a Happy New Year! That being said, this time of year can tend to bring out the best in people. You may feel urged to donate money to your favorite charity this time of year or donate your time volunteering somewhere for the less fortunate. Have you ever wondered whether or not you can deduct those donations on your taxes? This Mid-MO CPA firm is here to give you three tips for making holiday charitable donation deductions in this week's blog. If you have any questions about your tax planning, please call the nearest Wilson Toellner CPA office you. We have four locations throughout Mid-Missouri, one office in Sedalia, one office in Marshall, one office in Lake Ozark, and one office in Camdenton. You can also visit our website at www.WTCPA.com for more information on tax planning and you can follow our social media channels listed at the end of this blog for t...

Inspiration can be found in so many unexpected places.  Not too long ago I found transformation inspiration as it relates to Robotic Process Automation (RPA) and Human Intelligence. My kids were watching Strawberry Shortcake.  I was sitting with them, but not paying too much attention.  Until, for some reason, I caught on to what was happening.  It went like this . . . Lemon was super busy doing hair and nails and wished she had a way to do more.  So she purchased a salonomatic, which was a robot that worked so fast her clients were in and out faster than you could say hi and bye.  Lemon soon had a lot of extra time on her hands since the salonomatic did all the work.  Lemon wanted to be useful, but just could not find the right job to fit her.  She really wanted to do hair and nails.  So, she decided to move back to the Very Bitty City.  But her friends wanted her to stay.  They realized the salonomatic could not have a conversat...

The holidays are upon us! What a magical time of year for everyone - especially in the communities we serve. One of the areas we service happens to be Sedalia, Missouri. Our Mid-Missouri CPA firm truly appreciates how our communities come together around the holidays to put on so many festive events for everyone to enjoy. This accounting firm in Central Missouri truly values our clients and they aren't just numbers on a spreadsheet to us, they're people who we have a true valued working relationship with. That being said, community is everything to us. Keep reading to learn about a few of the holiday-themed community events happening in Sedalia this year, in this week's blog. Holiday Events in Sedalia Source:  https://www.facebook.com/events/hotel-bothwell-sedalia-central-district-ascend-hotel-collection/2019-holiday-thanksgiving-lighting-firework-extravaganza/2371543789728068/ Date: Thursday, November 28, 2019  Event: Holiday Thanksgiving Lighting & Firewo...