The Whitlock Company Sponsors the Special Olympics of Missouri

  • March 30, 2010

The Whitlock Company is a Silver Level sponsor of the 2010 Missouri Special Olympics, which will be held May 26-28 at Missouri State University. As a Silver Level Sponsor, the company will be featured at the Honored Guest Reception, host a booth in the Healthy Athlete Park and Victory Village and present awards to the host team.

Whitlock Employee Profile :: Shelly Toft

  • March 20, 2010

The Whitlock Company is known for its fantastic professional team. Read more to get to know CPA Shelly Toft, just one of the team members that makes our company great.

Congress Passes HIRE Act. What Does This Mean For Your Business?

  • March 17, 2010

The bill carries hiring incentives, stimulus measures and new foreign account tax compliance rules. Today, the Senate by a vote of 68-29 approved H.R. 2847, carrying the Hiring Incentives to Restore Employment (HIRE) Act, as passed by the House. Thus, the HIRE Act is cleared for the President’s signature.

Electronic Filing Of All Form 5500s Is Now Mandatory

  • March 3, 2010

The Department of Labor is moving to electronic filing of all Form 5500s starting January 1, 2010. Electronic filing is mandatory. They will not accept paper filings for plan years beginning after January 1, 2009.

IRS Makes Case For Greater Disclosure From Businesses

  • March 1, 2010

In a move geared to increase transparency, the IRS has announced that corporate and other business taxpayers now subject to FIN 48 and similar financial reporting rules will be soon required to report uncertain tax positions on their annual Form 1120, U.S. Corporate Income Tax Return, or other applicable tax return. The IRS is currently developing a separate schedule for purposes of this disclosure, and IRS Commissioner Douglas Shulman has indicated that the agency intends to move quickly with the new reporting requirement once all comments have been received.

Increased Tolerance Of “A Little” Cheating On Tax Returns, Survey From IRS Reveals

  • March 1, 2010

The IRS Oversight Board has released its annual Taxpayer Attitude Survey. According to the survey, the percent of taxpayers who find it acceptable to cheat on their income taxes increased from 9 percent in 2008 to 13 percent in 2009. The 2009 survey was based on interviews of 500 men and 500 women during August 2009.

Small Businesses Face Tax Opportunities And Challenges In 2010

  • March 1, 2010

As 2010 unfolds, small businesses are confronted with tax challenges and opportunities on many fronts. Lackluster consumer spending, combined with tight credit, has many small businesses in a holding pattern. Congress may respond with a new tax credit to encourage hiring. Small businesses are also faced with uncertainty over many temporary provisions in the federal Tax Code. Many of these incentives have expired. At the same time, small businesses are uncertain how health care reform, the fate of the federal estate tax and proposed retirement savings initiatives may impact them.