Jennifer Mongeau CPA LLC

Jennifer Mongeau CPA LLC As a small business owner you have more important things to do than to keep your own books. You don't have to be an accounting expert, that's our job.

We take care of your books for you, so you can get back to the job of running your business and generating profits. Welcome to Jennifer Mongeau CPA LLC Accounting firm licensed in Garden City, KS. Jennifer Mongeau has over 25 years experience in public accounting. Jennifer received her Bachelor of Science in Agricultural Economics with an emphasis in Accounting from Kansas State University. Jennifer has extension experience with the agricultural industry and provides tax planning and consulting services for both individual and small business clients. She is a member of the American Institute of Certified Public Accountants and the Kansas Society of Certified Public Accountants.

Many 401(k) plans have “vesting schedules,” or timelines for when certain employer matching contributions become yours. ...
10/05/2026

Many 401(k) plans have “vesting schedules,” or timelines for when certain employer matching contributions become yours. So before you switch jobs, make sure you know what percentage of your retirement savings is vested. Some plans vest immediately, but others take several years to fully vest. If you leave before matching funds have vested, you may forfeit some or all of your current employer’s matches. Contact us at (620) 275-9217 for help with retirement planning as your career progresses.

If you’re sending money abroad, beware of a possible 1% excise tax. This new tax generally applies to transfers of cash,...
10/02/2026

If you’re sending money abroad, beware of a possible 1% excise tax. This new tax generally applies to transfers of cash, money orders or cashier’s checks from U.S. senders to foreign recipients via certain remittance transfer providers such as Western Union and MoneyGram. But transfers made via credit or debit card, bank account transfer, or digital wallet aren’t subject to the excise tax. Essentially, the tax doesn’t apply to transfers from accounts in financial institutions subject to Bank Secrecy Act requirements or to credit or debit cards issued in the U.S. So to avoid the extra expense, consider using a card or ACH transfer from your own bank account. Contact us at (620) 275-9217 to learn more.

Donating artwork, antiques, collectibles or other tangible personal property that has appreciated in value can produce v...
09/30/2026

Donating artwork, antiques, collectibles or other tangible personal property that has appreciated in value can produce very different tax results depending on the charity’s use of the item. If the use directly supports the organization’s mission — such as an antique donated to a museum for its collection — you may be able to deduct fair market value. But if the item will be used for another purpose, such as being sold at a fundraising auction, your deduction may be limited to what you originally paid for it. Contact us at (620) 275-9217 before making a donation to discuss your potential deduction and the applicable substantiation requirements.

You probably have retirement questions: How much should I save before I quit working? When should I start taking Social ...
09/29/2026

You probably have retirement questions: How much should I save before I quit working? When should I start taking Social Security benefits? Can I retire before Medicare coverage kicks in? What about taxes in retirement? We can provide you with answers based on your individual financial circumstances and retirement goals. Contact us at (620) 275-9217.

Business owners: Should you use cash to pay federal tax debt or keep it for operational needs? Paying the IRS sooner may...
09/28/2026

Business owners: Should you use cash to pay federal tax debt or keep it for operational needs? Paying the IRS sooner may ease stress and reduce penalties, but draining cash can disrupt operations, payroll and growth. There’s no one-size-fits-all answer. In many cases, the IRS offers options — such as installment agreements, temporary collection holds or penalty relief — that may help you stay compliant while preserving cash flow. The biggest risk is choosing extremes, either depleting cash reserves or ignoring the issue. A balanced strategy often works best. Call us at (620) 275-9217. We can review your options and help you create a plan.

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations...
09/25/2026

Wondering how Sec. 530A accounts (also known as Trump Accounts) may be invested? The IRS has issued proposed regulations clarifying the investment options allowed during the “growth period.” This period begins when the beneficiary’s initial account is established and ends on Dec. 31 of the year the child turns 17. During this time, eligible investments generally include mutual funds or exchange-traded funds that track an equity index of mainly U.S. companies, don’t use leverage, and have annual fees and expenses of no more than 0.1% of the fund’s balance. The proposed regulations would apply to tax years starting on or after Jan. 1, 2026. Call us at (620) 275-9217 with questions.

Happy 9/25 💕 A day that will forever be remembered as Dolly Parton Appreciation Day! A little reminder to always be kin...
09/25/2026

Happy 9/25 💕 A day that will forever be remembered as Dolly Parton Appreciation Day!

A little reminder to always be kind, lift others up and sprinkle a little Dolly-style sunshine wherever you go.

Many small business owners find the concept of risk management intimidating. But essentially, it’s about identifying pot...
09/23/2026

Many small business owners find the concept of risk management intimidating. But essentially, it’s about identifying potential disruptions and making practical plans to guard against them. From cash flow slowdowns to staffing shortages, every business faces uncertainty. The key is being prepared, not overwhelmed. Call us at (620) 275-9217 for help reviewing your current risks, spotting emerging challenges, and making informed decisions that support long-term stability and growth.

Roth IRA and Roth 401(k) accounts help you save for retirement with after-tax dollars. Both accounts grow tax-free, and ...
09/22/2026

Roth IRA and Roth 401(k) accounts help you save for retirement with after-tax dollars. Both accounts grow tax-free, and distributions are also tax-free if you meet certain conditions. However, higher earners may be ineligible to contribute to a Roth IRA. Income limits don’t apply to Roth 401(k)s, which also allow higher annual contributions. If you’re unsure where to put your retirement savings, contact us at (620) 275-9217 for more information on the tax considerations.

Static budgets can quickly fall out of sync with reality in today’s volatile markets. Rolling forecasts offer a smarter,...
09/21/2026

Static budgets can quickly fall out of sync with reality in today’s volatile markets. Rolling forecasts offer a smarter, more flexible approach, updating your projections throughout the year to reflect real-time changes in your business, industry and market. They complement your annual budget and help you make better decisions, faster. Want to improve your forecasting and budgeting? Let’s talk. Call us at (620) 275-9217.

Address

805 N Main Suite 4
Garden City, KS
67846

Opening Hours

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

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