Wilson Toellner CPA

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...

What are some of the basic things individuals should be doing now in preparation to file for 2020? This Mid-MO accounting firm is here to give you a top five list and reasons why these are important in this 2-part blog series. Stay tuned next week for Part 2. If you have any questions about preparing to file for your taxes for 2020, please call our CPA firm in Central MO today. Wilson Toellner CPA can be reached at one of our 4 locations throughout Mid-MO and all contact information can be found on our website at www.WTCPA.com . Helpful Tax Tips: Part 1 1. Gather the necessary documents. Begin watching for tax forms and documents coming by mail and start a file or folder for anything you receive for tax year 2019. Staying organized and keeping all your information in one place will help ensure you have everything needed to prepare your return. If you aren’t sure if you have received all forms and documents, ask your tax preparer for a checklist of necessary documents. 2. ...

Tax Day 2020 will be here before you know it. The tax deadline is Wednesday, April 15th, 2020. You don't want to get caught off guard this year and realize you have waited to the last minute to get your taxes prepared. Waiting to the last minute can cause you to rush and make mistakes. If you are having a professional accountant in Mid-Missouri file your taxes for you this year, make your appointment in a timely fashion because they are likely very busy the closer to the deadline you wait. In the meantime, the Mid-MO accounting firm is here to give you a few tax prep tips for 2020 in this week's blog. Think about how much money you are donating and how it will affect your taxes. If you are just under the point of surpassing the standard deduction mark, you could consider making 2 years worth of donations this year so that you can itemize, if possible. Make sure you track your income accurately. To track your income the best, in addition to your W-2, gather your: ...

It takes a hardworking, dedicated, and self-motivated person to be a thriving small business owner. Our accounting firms in Mid-Missouri enjoy helping small businesses throughout the area grow by offering the tax services that we do. Filing taxes for your small business yourself can be very time consuming and you could cost yourself thousands of dollars by forgetting to list certain deductions. This is why hiring a professional accountant in Central Missouri is such a good idea because they have the experience it takes to make sure you are getting all of the tax breaks you should be. Wilson Toellner CPA is here to give you a few tax deduction examples for small businesses. If you need assistance preparing your taxes this year, call Wilson Toellner CPA . Tax Deductions for Your Small Business Home Office Deduction Many small businesses are run out of the business owners home. Not only are you saving money by not having to go and purchase or rent a separate commercial space bu...

Did you know you could be missing out on MAJOR tax savings for your business? If you are not an experienced Mid Missouri accountant , it may be best to just have a professional accounting firm in Central Missouri take a look at your taxes before you file them this year. Wilson Toellner CPA is here to help you and your business. Tax Day this year is April 15th and our Missouri accountants want you and your business to be prepared. Keep reading for a few tax savings tips for your business. Tax Savings Tips for Your Business Electronic Tax Software is Your Friend. Software such as TurboTax or H&R Block can really help you get your tax preparation for your business back on track. If you are unsure of how to use these sorts of software, you should consult your accountant in Mid Missouri . Using elements such as these can save you a lot of time and money. Save All of Your Receipts. Have an organized system for saving all of your work-related receipts. This way when it ...

Making sure your taxes are done correctly could not be more important. If they are done incorrectly, it could result in EXPENSIVE downfalls. Whether you have a business or an individual, if you don't have a lot of experience doing your own taxes and are not sure how to go about it correctly, we urge you seek out a professional accountant in Mid Missouri for assistance. Our Central Missouri CPAs take this seriously. We want you to feel at ease when you trust Wilson Toellner CPA to do your taxes for you. You should never trust your taxes to an unqualified tax preparer and our qualified tax accountants in Mid Missouri are here to give you a few tips for finding a qualified tax preparer. Tips for Finding a Qualified Tax Preparer Source:  https://www.irs.gov/newsroom/things-to-remember-when-choosing-a-tax-preparer Use the IRS Directory for the Tax Preparer's Tax Qualifications Feel at ease and truly see if the tax preparer you are seeing is qualified to be handling e...

If you own a vacation home, you may be considering whether renting the property for some of the time could come with big tax breaks. More and more vacation homeowners are renting their property. But while renting your vacation home can help defray costs and provide certain tax benefits, it also may raise some complex tax issues. If you are a vacation homeowner at the Lake and would like to know how to go about doing your taxes in regard to your vacation home, call Wilson Toellner CPA . Our accountants at the Lake of the Ozarks will sit with you and help you find the best way to go about this important process. Keep reading for further information on writing off your vacation home taxes. Will Renting My Vacation Home Mean Big Tax Write-Offs? Determining whether to use your vacation home as a rental property, maintain it for your own personal use, or both means different tax consequences. How often will you rent your home? How often will you and your family use it? How long will...

Tax season is still in session and will be until tax returns are due by April 17. Taxes are difficult enough to handle on your own when it comes to your personal taxes, let alone having a business to run. We understand how stressful handling your business taxes can be and you don't have to do it alone. We provide business tax services at the Lake of the Ozarks and are ready to assist you. If you need someone you can trust with your business taxes, call Wilson Toellner CPA . Keep reading to learn more about our tax services. Our Tax Services Estate & Trust Tax Preparation Effective estate and gift 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. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your fina...