Upcoming Mobile App
New Mobile Application coming soon!!!! We understand that change can be challenging, and we are dedicated to ensuring a smooth transition. We will be providing additional resources and support in
Corporate Transparency Act
In 2021, Congress passed the Corporate Transparency Act (CTA). The law is designed to capture more information about the ownership of specific entities conducting business in, or accessing, the U.S. market. The
Intern and Apprentice Recruitment Act (IARA)
IARA is a Missouri tax law, effective 1-1-24, that provides an income tax credit for taxpayers who hire an intern or apprentice and pay them at or above the minimum
Your Guide to Year-End 2023: Gifts
While employers may hand out gifts at various times of the year, it’s common that as the holidays approach companies may want to express their appreciation for a job well
Energy-Efficient Home Improvements
You can take a tax credit equal to 30% of qualified expenses. The maximum credit each year for qualified energy efficiency improvements, residential energy property expenses and home energy audits
GREAT NEWS – Business Income Deduction Expanded to Include Farm Income (HB 202 & SB 138)
Currently businesses are allowed to subtract from their Federal Adjusted Gross Income a percentage of their business income when determining their Missouri Adjusted Gross Income for Missouri individual income tax
Work Opportunity Tax Credit (WOTC)
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers until December 31, 2025 for hiring and employing individuals from certain targeted groups who have faced significant barriers
IRS Extends Drought Relief to Farmers and Ranchers in 49 States, 2 Territories
The Internal Revenue Service recently posted a new release which reminded eligible farmers and ranchers forced to sell livestock due to drought may have an extended period of time in
Tax Tip 2023-112: Avoiding identity theft scammers posing as the IRS
https://www.irs.gov/newsroom/avoiding-identity-theft-scammers-posing-as-the-irs
Reminder to employers and employees: Educational assistance programs can be used to help pay workers’ student loans
The Internal Revenue Service today reminded employers and employees that under federal law, employers who have educational assistance programs can use them to help pay student loan obligations for their
MONTHLY BULLETINS
Enjoy our latest issues linked below: