Wilson Toellner CPA

Small businesses are the backbone of this community and we like to support them in any way we can. We know how difficult it can be for a business owner to balance their bookkeeping and everything that goes with running a successful business. This is why Wilson Toellner CPA provides accounting services in Mid-Missouri . If you need assistance with your bookkeeping, call our firm nearest you. Our phone numbers are listed at the end of this blog. We've been asked several questions by small business owners and today we are going to answer some of those frequently asked questions (FAQs). Small Business Accounting FAQs  Q: How do I know if this business expense is tax deductible? A:  Typically, if you made a purchase that was absolutely necessary for your business then it's tax deductible. But, the IRS can change the rules on what is and isn't tax deductible each year. With this in mind, it's a good idea to have a professional handle your business taxes because the ...

You should try and do everything you can, as a business owner, to prevent an IRS audit of your business from happening. There are certain red flags to avoid - that may trigger such an event. Our accounting firms at the Lake of the Ozarks are here to help you by naming a few. If you are interested in having someone check over your business and give you constructive solutions, call the Wilson Toellner CPA firm nearest you. We have four conveniently located firms and the phone numbers for each are all located at the bottom of this blog. Red Flags That May Trigger an IRS Audit of Your Business Abnormal High Salaries Unfortunately, there are people who will try to get away with paying themselves too much. For example, a business owner, making up a "fake employee" and claiming that "fake employee's" paycheck. Something like this could absolutely trigger an IRS audit. Also, according to Kiplinger , IRS statistics for 2016 show that people with a yearly inco...

Whether you are planning for retirement, college, or saving for a house, there are certain mistakes you will want to avoid throughout the process. Make things easier on yourself and have a structured plan early on. A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. If you need assistance with the financial planning process, our accounting firms at the Lake of the Ozarks can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security. For financial planning help, call the Wilson Toellner CPA firm closest to you. We have four conveniently located firms throughout Central Missouri - Sedalia, Marshall, Camdenton, and Lake Ozarks. You will find their phone numbers located at the end of this blog. Keep reading for a few financial planning mistakes to avoid. Financial Planning Mistakes to Avoid RETIREMENT Not saving...

Have you started saving for retirement yet? The earlier you start saving the better. If you aren't sure how you should get started, call Wilson Toellner CPA . We provide counseling and can answer questions you may have on retirement planning. Our CPAs at the Lake of the Ozarks are here to answer a few frequently asked questions on retirement planning. Retirement Planning FAQs Q: How can I estimate my retirement financial need? A: There are several retirement calculators online that you can use to help you to know how much money you estimate how much money you will need when you retire. We can also take a look at your current retirement plan and advise you on how to strategically plan to where your taxes are as low as they can be. Q: How will taxes impact my retirement funds? A: Traditional IRAs and 401Ks are subject to federal income tax. In some states, they are subject to state tax as well. If you withdraw from a traditional IRA before it's time to retire, t...

Setting financial goals is always a good idea, but how easy are they to reach? With a professional CPA firm at the Lake of the Ozarks at your back, you’ll be reaching your goals in no time. Here at Wilson Toellner CPA , we view every client relationship like a partnership. In order to properly help you, we need to get to know you. We believe that our success is a result of your success. There are several reasons why you would benefit from having a professional help you with your financial planning, especially a Wilson Toellner CPA . Saving up for big life events is important, but what’s even more important is to have a certified, trustworthy, and honest professional by your side. More often than not, getting your finances in order can be an intricate process. Having a professional to help guide you through the details and give you the best advice can give you peace of mind. Below are a few examples of financial goals someone might have and how we can help. Retirement Planning...

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 clients and the community. We pride ourselves on offering honest financial services to businesses and individuals who need it. We take the client relationships we have very seriously and we are passionate about continuing to build on each one we make. Our accounting firms in Mid-Missouri specialize in ongoing financial assistance and we have many clients who don't just see us once and leave, it's a continuous relationship. We are pleased to be able to say the firm has grown to four offices: Sedalia, Marshall, Lake Ozark, and Camdenton. Keep reading to learn where each of these offices is specifically located and how to contact each person in that particular office. Our Four Conveniently Located CPA Firms Sedalia 2700 Matthew Dr. Sedalia, MO 65301 Main Number 660-827-4990 Fax 660-826-3325 Contacts Alaina Gump, CP...

Running a small business can take a lot of time and energy. It doesn't hurt to ask for help when you need it, whether it be your monthly bookkeeping, property recordkeeping, or payroll services. These various administrative duties can add up after a while and a professional  CPA firm at the Lake of the Ozarks that can handle all of these services and more can really come in handy. Wilson Toellner CPA specializes in assisting small businesses with monthly financials. To learn more about the services we provide to small businesses, visit our website at www.WTCPA.com . To contact one of our four conveniently located firms, please call the phone number associated with the specific firm closest to you. All of the phone numbers and firms are listed and the end of this blog. Keep reading for reasons to have a professional CPA firm help your small business. Reasons to Have a Professional CPA Firm Help Your Small Business Reason #1 Save time. Certain administrative duties t...