For six straight years, [Wamhoff Accounting Services] has been named one of the Best Accounting Firms in the St. Louis Area by St. Louis Small Business Monthly (SBM). Each month, SBM polls CEOs, entrepreneurs and business leaders to identify the best companies across multiple industries. With over 200 companies nominated in the category, Wamhoff was, […]
We’re about halfway through the Missouri Tax Amnesty Program, an initiative to help taxpayers who have fallen behind on their State taxes to settle their accounts free of interest and penalty. Sandy Furuya, Senior Accounting Manager with [Wamhoff Accounting Services], explains the program and what you need to do if you think you may owe […]
Each year the IRS mails millions of notices and letters to taxpayers. If you receive a notice from the IRS this is what you should do. Don’t ignore it! You can respond to most IRS notices quickly and easily. It is important that you reply right away! More often than not the IRS expects correspondence […]
If you play the ponies, play cards or like to play the slots, your gambling winnings are taxable. You must report them on your tax return. Here are some tips that can help you at tax time next year. Income from gambling includes winnings from the lottery, horse racing and casino’s. It also includes cash […]
It is never too early to begin preparing for the tax filing season. Individuals should be aware of any chances to their tax situation and make changes immediately. Otherwise it could cause major tax consequences. Have there been any major life events such as marriage, divorce, or the birth of a child? These are all […]
Small businesses face challenges each day and more of the major challenges is employer provided health insurance. Because of Obamacare employers with 50 or fewer employees are not required to provide employer provided health coverage. In the past they were allowed to reimburse their employees for the cost of the health insurance they paid for […]