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Stotts, Archambo, Mueggenborg & Barclay, PC

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Bartlesville, OK
Stotts, Archambo, Mueggenborg & Barclay, PC

Stotts, Archambo, Mueggenborg & Barclay, PC is one of the leading firms in and throughout Northeast Oklahoma.

We're a full service tax, accounting and business consulting firm that specializes in income tax planning and preparation. Our experience in the areas of income tax planning and preparation for individuals, businesses and non-profits; auditing of Indian tribes, casinos, HUD-financed multi-family housing facilities, municipalities, school districts, retirement facilities, oil & gas, non-profits and for-profit entities alike; financial accounting and consulting for businesses, including payroll, accounts receivable and accounts payable services provides our clients with the confidence to know their financial affairs are being monitored and secured.

10/28/2026

Reconstructing business mileage records months after the fact can be frustrating — and unreliable. If you or your employees use personal vehicles for business, establish a system for logging trips as they occur. QuickBooks users can take advantage of mobile tools that automatically track trips and classify business vs. personal mileage. Other mileage apps or a well-maintained manual log can also work. As year end approaches, make sure your records include key details, such as mileage and business purpose. Timely, accurate documentation is essential for bookkeeping, employee reimbursements and tax reporting. Call us at 918-336-0008 for help improving your mileage tracking process.

10/27/2026

Financial statements help owners and other stakeholders evaluate historical business performance. But trouble can develop between reporting periods. So it’s critical to monitor operational changes for issues that could affect your financial interests. Unexpected turnover, delayed financial reports and unusual transactions may warrant a closer look. So can repeated borrowing, reliance on an owner’s personal credit or sales of equipment needed for operations. Individually, these developments may be explainable. Together, they could point to financial stress. Call us at 918-336-0008 to help identify potential risks and evaluate a business’s financial health.

10/26/2026

Good news: IRS penalty relief just got easier for many individuals and businesses. The new Automatic Exemption from Penalty (AEP) process may provide automatic relief from certain failure-to-file, failure-to-pay and failure-to-deposit penalties if you’ve filed returns and paid federal taxes on time for the previous three years (or 12 consecutive quarters for quarterly returns). You must still pay any tax and interest due. AEP will replace First Time Abate relief for eligible returns with original due dates on or after Jan. 1, 2027. During the transition, some eligible taxpayers may still receive penalty notices. Contact us at 918-336-0008 to determine whether you qualify for AEP or other penalty relief.

10/22/2026

Watch out for the growing reach of the 3.8% net investment income tax (NIIT). The income thresholds haven’t changed since the tax took effect in 2013, so it’s hitting more taxpayers. If you have net investment income (NII) and your 2026 modified adjusted gross income (MAGI) exceeds $200,000 ($250,000 if you’re married and file jointly, half that if you file separately), you’ll be subject to the NIIT on the lesser of your NII or the amount by which your MAGI exceeds the applicable threshold. Some NII examples are taxable interest, dividends, and gains from stocks, bonds and mutual funds. Year-end planning may help reduce your MAGI or NII and, in turn, the NIIT’s impact. Call us at 918-336-0008 to learn more.

10/21/2026

A well-defined compensation philosophy can do a lot for your business. It may help attract job candidates, retain employees and control payroll costs. Although competitive pay is important, employees consider your full compensation package. This includes bonuses and other performance incentives, benefits and perks, professional development opportunities, and flexible work arrangements. Contact us at 918-336-0008 for guidance on developing a well-rounded strategy that’s aligned with your business goals, workforce needs and budget.

10/20/2026

When buying a business, financial due diligence is essential. Start by reviewing financial statements, tax returns and the accounting records behind the numbers. Receivables, inventory, bank reconciliations and related-party transactions may reveal risks that aren’t obvious at first glance. Adjustments may also be needed for expenses or financial arrangements that won’t continue after the sale. An independent quality of earnings (QoE) report can help determine whether reported earnings are sustainable. New U.S. Small Business Administration guidance requires QoE reports for certain change-in-ownership transactions. Contact us at 918-336-0008 for help navigating the due diligence process.

10/19/2026

Navigating tax law isn’t easy. But you don’t have to go it alone. Whether you’re an individual taxpayer or running a business, we can help you find your way through the forest of tax complexities. Call us at 918-336-0008 to get started.

10/15/2026

If you’ve recently received a legal settlement or award, it’s critical to understand the tax implications. Generally, compensation for physical injuries or sickness is tax-free. But awards for lost wages, emotional distress and punitive damages typically are taxable. Attorneys’ fees are another area that can trip up recipients. Even if your lawyer is paid directly out of your settlement, you’re generally taxed on the full amount before fees are deducted. This means you may owe tax on money you never actually receive. The bottom line is that the way a settlement is structured can significantly affect your tax liability, making professional guidance essential. Call us today at 918-336-0008 for assistance.

10/14/2026

Many businesses allow customers to pay with credit and debit cards, payment apps, and other electronic payment methods. Payment processors and platforms often deduct their fees before transferring funds, but you generally shouldn’t report the net amount as revenue. Instead, record the full amount of each sale as revenue and post the processing fee as an operating expense. Keeping these amounts separate shows how much you’re spending to accept electronic payments and whether rising processing costs are eating into your profits. Contact us at 918-336-0008 for help reconciling processor statements with your accounting records and evaluating your payment mix.

10/13/2026

Are you ready for your next financial statement audit? A well-planned audit is typically more efficient, less disruptive and easier to manage than one that relies on last-minute preparation. Before fieldwork starts, inform your auditor about significant business developments, resolve accounting questions, review last year’s adjustments and control recommendations, and organize supporting documentation. Complete records, clear responsibilities and prompt responses can help avoid delays and minimize surprises. Contact us at 918-336-0008 to coordinate audit planning and address potential issues early.

Address

302 S. Osage
Bartlesville, OK
74003

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Website

http://www.sambcpas.com/

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