Whitney Stith is a CPA and has been since 1994. He has been a partner of the firm since 1997. He is a College of Agriculture graduate from the University of Kentucky with a degree in Ag Economics. He is also a CPA by trade. He is extensively versed in farming, specialty crops and training, breeding, and racing of animals as well. He has filed farm returns for himself growing up on a beef cattle and tobacco farm in central Kentucky and has filed them for clients since starting at the firm. He is also well versed in preparing tax returns for pilots, flight attendants, and real estate agents.
Services
Stith, Wimsatt & Associates provides a wide range of services to individuals and businesses in a variety of industries. At Stith, Wimsatt & Associates, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Have you just started a new business? Did you know expenses incurred before a business begins operations are not allowed as current deductions? Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins. However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred. The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill. Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Reviews (12)
Matt Ehlman
Feb 17, 2022
Misti Lutes
Jan 10, 2021
I am a self employed. I am a procrastinator. Having said this, I called July 15th 2020 the day taxes were due, with no appointment, panicked! My normal tax man retired this year and I waited until the last minute to decide where I could trust my scrambled tax information! I work in a Salon full of girls that had put their trust in full with this Association!
Then I called, they were happy to invite me in during these "uncertain times"! I struggle with anxiety, so you could imagine my nerves! They made me feel relaxed and confident that we could solve all my tax questions! I will definitely be back for year to come! I am very happy I was referred to your Association!
Then I called, they were happy to invite me in during these "uncertain times"! I struggle with anxiety, so you could imagine my nerves! They made me feel relaxed and confident that we could solve all my tax questions! I will definitely be back for year to come! I am very happy I was referred to your Association!
Eric Jacobsen
Oct 18, 2020
Billy Riley
Jul 09, 2020
Trish
Dec 14, 2019
Randall Camp
Nov 10, 2019
I contacted Whitney Stith at the recommendation of a friend and neighbor who has income/expenses from several family farming operations, as well as a regular job and has been a client for years. I figured if they could handle his diverse situation, then they would be a good fit for my small, home-based business. I have been very pleased so far. Whitney and his staff have always been helpful and available to answer my sometimes numerous questions regarding my accounting needs. I would recommend them.
Kristina Czarnik
May 20, 2019
Elaine R.
Apr 12, 2019
I was a walk in and needed a specific type of tax return. My father had passed in 2017 and I had all his taxes completed with the exception of his estate tax return. This was my last thing to be done to complete his affairs. I had them done by another company that said I owed an exorbitant amount of money. Something told me to have the return looked at just to make sure they were correct. Whitney Stith welcomed me in to his office, asked me some questions about the return and he assured me the other return was so very wrong and gave me my sanity back. Fabulous customer service experience by him and his staff.
Not only did he correct the estate return but he also corrected my last years personal tax return. I highly recommend this company to any and all for all tax issues. Thank you Whitney you are a saint.
Not only did he correct the estate return but he also corrected my last years personal tax return. I highly recommend this company to any and all for all tax issues. Thank you Whitney you are a saint.
Thomas Hager
Mar 23, 2019
2002 it was a great company til Matt left. Underpaid from what I understand. His replacement owes IRS thousands, he's making payments. Thats what he told us. Our taxes haven't been completed properly since 2012. After several years of broken promises we replaced Whitney. OMG should have done it years ago.
Chris Baker
Feb 19, 2019
We started using Stith Wimsart for payroll and accounting services when my wife and I bought our first restaurant. They have been a huge asset to our company so far! They have been patient with us while we get the swing of things and have offered guidance every step of the way. We owe a huge Thank You to Rachel and the rest of the team, and would highly recommend them.
Nicholas Greenweck
Jun 11, 2018
Since I was about 13 I have been filing my friends/family members taxes for them utilizing many different online tax filers. This year, I hit a major snag and was practically pulling my hair out trying to file my own taxes due to quite a few major life events that occurred last year. I asked a few friends and one that I trust dearly recommended Stith, Wimsatt & Associates to me.
I am definitely glad I followed his advice, as I was able to drop off all of my tax paperwork this morning and before the end of the day I was asked to come back in, review, and sign the documents for filing. Woo! One day and my stress dropped. Thank you so much!
I am definitely glad I followed his advice, as I was able to drop off all of my tax paperwork this morning and before the end of the day I was asked to come back in, review, and sign the documents for filing. Woo! One day and my stress dropped. Thank you so much!
Adrienne Johnson
Nov 15, 2017
Apparently my return was complicated and out of the relm of expertise for Jackson Hewitt, so I turned to this accounting firm for help. Whitney Stith handled my case personally with attention to detail couple with compassion for all that was going on in my life at this time. I provided him with the materials I had and while he sent me off to get additional info, he began working on my return, diligently searching for more deductions for me, as it was 6 mths late and i owed a lot of money to the federal government.
I brought my tax return information to him on Friday and it was complete the next day. He was a blessing and I would definitely recommend his firm to others in need of great service with personalized attention to detail.
I brought my tax return information to him on Friday and it was complete the next day. He was a blessing and I would definitely recommend his firm to others in need of great service with personalized attention to detail.
