Office Closed Due to Hurricane Irma

Our office will be closed due to Hurricane Irma starting Friday September 8th and we hope to reopen on Tuesday September 12th.

If you need assistance while we are away.  Please e-mail us and we will try to respond to your requests as we are available.  We apologize for any inconvenience.

If you will be affected by the storm here are some guidelines to follow.

Hurricane Post

All the best to you and your family during this time.  Please be safe!

The W. H. O’Connell & Associates Team








Office Closed for 4th of July Weekend

Please note our office will be closed on Friday, June 30th and will re-open on Wednesday, July 5th for our staff to enjoy the holiday weekend with friends and family.


Wishing all of our clients and friends a happy and safe holiday weekend!   If you’re staying in St. Augustine make sure to check out some of the great events going on around town.

St. Augustine Social: Everything You Need to Know About 4th of July in St. Augustine

Old City Life: 4th of July in St. Augustine

Happy Independence Day!

The W. H. O’Connell & Associates Team


Upcoming Radio Interview on St. Augustine’s WSOS

16.06.23 Blog for St. Augustine Radio




This week our Audit Partner, Seth O’Connell, will be featured on St. Augustine Radio (WSOS).   With over 25 years of experience as a Certified Public Accountant, he will have lots of valuable information for individuals, businesses and non-profit organizations.

Discussion Topics will include:

  • The importance of having a CPA.
  • Things new business owners should know.
  • Information about our student internship program.
  • Details on the services our firm provides, and more!

The interview will be held Wednesday, June 29th, at Noon with Radio Host:  Kevin Geddings.

You can listen live by tuning into 103.9 FM or 1170 AM.  There are also options to stream online via St. Augustine Radio’s Website or download  the ‘TuneIn’ Radio App to your smart phone or tablet.

We hope you are able to tune in!

The W. H. O’Connell Team

Is This a Scam? 5 Ways to Spot Fake IRS Phone Calls

Red retro-styled telephone. Hang up!St. Johns County and St. Augustine residents are among thousands across the country who have been targeted by scam phone callers who claim they are “with the IRS”.  With an upsurge in calls in St. Johns County in recent weeks, we want you to protect our clients from becoming potential victims of these fraudulent calls.

From the IRS’s webpage and an August 2014 statement:

“These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They may know a lot about you, and they usually alter the caller ID to make it look like the IRS is calling. They use fake names and bogus IRS identification badge numbers. If you don’t answer, they often leave an “urgent” callback request.

“These telephone scams are being seen in every part of the country, and we urge people not to be deceived by these threatening phone calls,” IRS Commissioner John Koskinen said. “We have formal processes in place for people with tax issues. The IRS respects taxpayer rights, and these angry, shake-down calls are not how we do business.”

The IRS reminds people that they can know pretty easily when a supposed IRS caller is a fake. Here are five things the scammers often do but the IRS will not do. Any one of these five things is a tell-tale sign of a scam:

The IRS will never:

  1. Call to demand immediate payment, nor will we call about taxes owed without first having mailed you a bill.
  2. Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe.
  3. Require you to use a specific payment method for your taxes, such as a prepaid debit card.
  4. Ask for credit or debit card numbers over the phone.
  5. Threaten to bring in local police or other law-enforcement groups to have you arrested for not paying.”

If you are like some of our clients that have received these fraudulent calls, be sure to follow these guidelines and speak with your tax professional if you have been victim to these scams.

Stay updated up us,

The W. H. O’Connell & Associates Team

10 AWESOME Year-End Tax Planning Tips

p1a2lc440m1h86q5m10pq5mnrje6The clock is ticking as we go into the final months of the 2015 tax year.  Stay ahead of the game for this upcoming tax season with some great tips we found!

Check out this very informative and useful article we came across on Accounting today:  Accounting Today: Top 10 Year-End Tax-Planning Tips

Stay updated with us,

The W. H. O’Connell & Associates Team


QuickBooks 2016

Quickbooks-Logo-2014-new-300x76It’s that time of year, Intuit has released QuickBooks 2016!

If your small business is thinking of upgrading your current version of QuickBooks Pro here is a quick look at new features offered by year.

QuickBooks Pro 2016 Comparison

We also found a tour highlighting the new features offered in QuickBooks Premier, most of which are also included in Pro.   Some highlights include:  E-Invoicing to help customers pay invoices to your business directly via credit card or bank transfer.   Also noted is the new ‘Bill Tracker’ feature that allows you to view all your bills in one place, so there’s no need to run reports to fully capture your Accounts Payable – it’s now all in one place.

Check it out for yourself:  QuickBooks Premier 2016 Tour

Whether your business is considering utilizing QuickBooks for the first time or if you are thinking of upgrading, we recommend taking the time to allow our Business Services Team set up your company files to get your business off to the right start and ensure you are purchasing the optimal software package.

Stay updated with us,

The W. H. O’Connell & Associates Team



Standard Mileage 2015 Rate Increase

For 2015, the standard mileage rate will increase from 56 cents to 57.5 cents. If you own your own business and take your auto expense deduction based on the number of miles you drive you will benefit from this tax deduction, even if the increase is primarily supposed to cover standard vehicle costs.

See IRS update: IRS Standard Mileage 2015

Mileage deductions can only be taken for vehicles that your business does not own, otherwise you must take the actual costs for fuel, maintenance, repairs and applicable depreciation to compute your auto expense for the year.  It is important to way out the advantages or having a vehicle in the company’s name or your own.  Make sure to consult with your tax professional before making your next purchase, most of the time it all depends on the insurance required on vehicle, if employees have access to use vehicles, legal liabilities and how often you buy new vehicles and their costs.

Fun facts!  You can also write off your vehicle mileage for other things when doing you individual taxes. Rates include any medical-related mileage is 23 cents and for service of charitable originations is 14 cents. Although it may seem relatively small, every little bit counts when you trying to get your maximum tax benefit for the year.

Always keeping you updated,

The W. H. O’Connell & Associates Team