McCullough & Associates Blog

Mar 07, 2014

Daylight Savings Time

Daylight Savings - Spring

The days are about to get longer! Daylight Savings Time will begin on Sunday, March 9th at 2:00am. At that moment, clocks will “spring forward” by one hour in most of the nation.

So, be sure to reset your clock on March 9th, especially…

Feb 26, 2014

Beware of Fake IRS Scams

Tax scams that use email and phone calls that appear to come from the IRS are common these days. These scams often use the IRS name and logo or fake websites that look real.

Scammers often send an email or call to lure victims to give up their personal and financial information.  The crooks then use this information to commit identity theft or steal your money. 

The IRS will…

Feb 24, 2014

Diane Smith Featured in Springfield News-Leader

Did you catch this weekend's At Work feature in the Springfield News-Leader's Business section?  It featured our very own Diane Smith, CPA.  Congratulations, Diane on being selected for this feature!

Click here to read the article.

Feb 24, 2014

Road Construction on Primrose

If you haven't driven by our office lately, you may not be aware that Monday, February 3rd began a six-month road widening project on Primrose Street between National Avenue and Jefferson Avenue.  During construction, work may require temporary lane closures.

Currently, we are experiencing lane closures between our driveway and National Avenue.  Many of our clients are finding it easier…

Feb 12, 2014

IRS Provides Refund Tracking

The IRS is offering it's "Where's My Refund" tracking tools again this year.  There are two ways you can track your refund:  

  • IRS2GO Mobile App (Apple)…

Feb 03, 2014

Karla J. McCullough joins Cetera Financial Specialists, LLC

Karla McCulloughKarla J. McCullough, Financial Planner at McCullough and Associates, LLC in Springfield, MO has joined Cetera Financial Specialists, LLC as a Registered Representative and Cetera Investment Advisers, LLC as an Investment Adviser Representative. 


Dec 31, 2013

Missouri Minimum Wage Increase Effective January 1, 2014

We would like to remind employers that effective January 1, 2014 the minimum wage in Missouri will be increased from $7.35 to $7.50 an hour.

Employers engaged in retail or service businesses whose annual gross income is less than $500,000 are not required to pay the state minimum wage rate. Employers not subject to the minimum wage law can pay employees wages of their choosing.

Dec 04, 2013

Holiday Spending

This holiday season, remember that careful budgeting can be a financial gift to you and those you love.

Sometimes, holiday costs get out of control and lead to money problems later. Generosity can encourage overspending; travel and food costs that aren’t factored into the holiday budget also inflate the credit card bill.

How do you rein in holiday spending? First, create a gift-giving…

Nov 27, 2013

Happy Thanksgiving

The last Thursday in November is Thanksgiving – this year, the holiday falls on November 28th.

In addition to football, feasting and shopping, the Thanksgiving holiday and subsequent weekend offer us time to acknowledge the wonderful things in our lives, as well as the simple pleasures that we sometimes take for granted. That is what Thanksgiving really signifies.

We hope you and…

Nov 20, 2013

Reduce Your Taxes with Miscellaneous Deductions

If you itemize deductions on your tax return, you may be able to deduct certain miscellaneous expenses. You may benefit from this because a tax deduction normally reduces your federal income tax.

Here are some things you should know about miscellaneous deductions:

Deductions Subject to the Two Percent Limit.  You can deduct most miscellaneous expenses only…