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...

COVID-19 has affected everyone in some way. Whether it caused you to find a new form of child care, you have a family member who was infected, or your job is now fully remote, this pandemic has taken its toll. Our CPA firm in Mid-MO hopes you have found a way to rise above the "new normal". Keep reading this week's blog to learn how the COVID-19 pandemic has affected Wilson Toellner CPA and the specific ways we are still helping you! Wilson Toellner CPA , we are MORE than just accounting. Recap of How COVID-19 Has Affected Wilson Toellner CPA & How We Are Still Helping YOU Changes Wilson Toellner Has Made During The COVID-19 Pandemic Through careful consideration, we decided to work with our clients through phone, email, mail, and drop off of information ONLY.   We can easily set up a video conference, as well.  Our offices have been closed to the public.   Members of our team will be in our offices from 8:00 – 5:00 Monday through Friday to collect items t...

What goals have you set for your business, how do you measure those goals, and how are you tracking? If you’re unsure of any of these questions, your CPA can help. Re-think the relationship with your CPA and partner in regards to determining, measuring, and tracking your goals. How do you go about this? Allow the Mid-MO CPAs at Wilson Toellner CPA to help you get started. This is an important process when it comes to managing a successful business and we would be happy to help. We can be reached at any one of our four locations throughout Mid-MO - Sedalia, Marshall, Camdenton, and Lake Ozark. Please check our website at www.WTCPA.com for phone numbers. Keep reading this week's blog to learn how to get started when it comes to measuring and tracking your business performance properly. Where do you start?  First, get your records into a cloud accounting system like QuickBooks Online, which will allow you AND your accountant to access the information from anywhere, anyt...

There is a lot of uncertainty and confusion on the regulations surrounding the Paycheck Protection Program (PPP), and borrowers are questioning whether they'll qualify for loan forgiveness. For small businesses, the main concern is meeting the maximum loan forgiveness. However, borrowers shouldn't rush their PPP loan forgiveness applications, and here's why. More Time to Qualify for Full Loan Forgiveness New guidance has been released that allows PPP recipients to apply for loan forgiveness before their covered period ends, but doing this may result in a portion of the loan proceeds not being forgiven. Organizations have 24 weeks to use their PPP money, leaving them more time to take steps that will help them qualify for full loan forgiveness. In the calculations for forgiveness, there is a reduction in the loan forgiveness amount if you reduce any employee’s wages by more than 25% during the covered period. However, if wages are restored by December 31, there is a sa...

Form 941 reports federal payroll tax withholding and employer taxes on wages paid to employees. If you pay wages subject to federal income tax withholding or social security and medicare taxes, you must file Form 941 quarterly. Recently, the Form 941 has undergone changes for COVID-19 related employment tax credits and other tax relief. The staff at Wilson Toellner CPA is sharing with you the changes you'll see when filing the Form 941. You will notice the following changes: Include the Qualified Sick and Family Leave Wages separately on Form 941. These wages were required to be paid to employees due to the Families First Coronavirus Response Act (if applicable) and will reduce your tax by the employer share of the Social Security tax (6.2%). You will only pay tax on the employee share. Report the credit for Qualified Sick and Family Leave Wages. The credit on the Qualified Sick and Family Leave Wages consists of the Qualified Sick and Family Leave Wages, Qualified He...