Wilson Toellner CPA

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...

Many of you likely have questions about stimulus checks. If you are unsure on: How to get your stimulus check How to check the status of your stimulus check How long it will take approximately to get your stimulus check ...this is the blog for you. Keep reading this week's blog for some important information from the IRS regarding stimulus checks, otherwise known as economic impact payments. Have any questions? Please feel free to call our Mid-MO CPA firm today. Our Central Missouri CPA firm can be reached via phone and all of our phone numbers can be found on our website at www.WTCPA.com . Wilson Toellner CPA is here for you. Source:  https://www.irs.gov/coronavirus/economic-impact-payments The IRS is committed to helping you get your Economic Impact Payment as soon as possible. The payments also referred to by some as stimulus payments, are automatic for most taxpayers. No further action is needed by taxpayers who filed tax returns in 2018 and 2019 and most s...

The CARES Act, otherwise known as the Coronavirus Aid, Relief, and Economic Security Act has been put into effect to help the economy stay afloat during this crisis. Our Mid-MO CPA firm is here to go over a few of the highlights of the CARES Act with you in this week's blog. We encourage you to reach out to us if you have any questions whatsoever on this act. We are here for you during this difficult time. Our CPAs in Central MO are available via phone and all of our phone numbers can be found on our website at www.WTCPA.com . We can all get through this together! Wilson Toellner CPA is here for you! The CARES Act Contact us if you’d like to discuss these critical individual and business topics: Individual stimulus payments of $1,200 per adult and $500 per child Options to withdraw penalty-free money from your retirement plan to help cover expenses Requirements that your business pay sick leave if between 50 and 500 employees Potential for reduced or deferred payrol...

The COVID-19 crisis is an uncertain, unique time in history. Many business owners and individuals are doing everything they can to just "stay afloat." As for employees, there has been a RECORD-BREAKING number of people who have filed for unemployment. Recent news stories have come out and stated that the unemployment office has been incredibly busy, at times, their website has locked up and the phones have been jammed. Our Mid-MO CPAs don't mean to alarm you with any of this information, we simply want you to be prepared. You can still get your unemployment benefits, it just may take longer than what you were expecting. On that note, keep reading this week's blog to learn about the Missouri unemployment benefits due to the coronavirus. If you have any questions, please do not hesitate to call Wilson Toellner CPA . All of our phone numbers can be found on our website at www.WTCPA.com. MO Unemployment During the COVID-19 Crisis  Wondering about MO Unemployment B...

This COVID-19 pandemic has affected everyone in some way, there's no doubt about that. You may be wondering how it will affect your taxes. Our Mid-MO CPA firm is here to clear that up for you in this week's blog. It's clear that the COVID-19 will affect your taxes and our accountants in Central Missouri feel that the best way to explain exactly how is to give you the facts straight from the IRS. Keep reading for some of the latest information highlights that have been unveiled by the IRS in this week's blog. Remember, if you are in need of tax assistance, Wilson Toellner can still help you over the phone, by e-mail, or via mail. Visit www.WTCPA.com for all of our contact information. Information from The IRS STIMULUS PAYMENT CHECKS ARE COMING. There is currently no information available yet regarding the specifics of this, but you should keep checking the IRS website as we get further into this pandemic. This could affect individuals who make a salary of $9...

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...

Many may not realize this, but our Mid-MO CPA firm is SO much more than accounting. As a new client, you likely aren't aware yet of the many services we can offer you that are more than just accounting. To understand all that we do here at our CPA firm in Mid-MO , keep reading this week's blog for the many services we can offer you at  Wilson Toellner CPA . Throughout this blog, you will learn about the vast variety of services offered here. If you have any questions, please give us a call today. We have four locations throughout Mid-MO, all phone numbers can be found on our website at www.WTCPA.com . CONSULTANT  Business Owners Toolkit  Walk through your business structure and common business practices to help ensure you’re not leaving money on the table through missed deductions, misunderstood rules, improper business structure, etc. Succession Planning  Identify and develop your successors so you know that your business will continue into the next gen...