The new 21% corporate tax rate allows C corporations to pay federal taxes at a significantly lower tax rate than the 35% top rate in prior years. While the new tax rate took effect beginning in 2018, this new benefit… Read More
A mid-Missouri tech incubator is offering up to $50,000 to help startup companies with well-defined plans to create an initial product and/or launch their product or service. In 2016, The Missouri Innovation Center (MIC) created the Accelerator fund, and they… Read More
With the passage of the Tax Cuts and Jobs Act, there is a new section on Qualified Opportunity Zones, a tax incentive that encourages investments in low-income communities. Below are the details on the new tax incentive including what it… Read More
Preparing multiple Form 1099s for year-end is a time-consuming task for your company’s payroll department. To speed up and simplify the process, QuickBooks® has a 1099 Wizard* feature that can save your staff and CPA time and money.
QuickBooks 1099… Read More
If you have a savings account, CD or other investment account in your child’s name, this is considered unearned income for your child. This type of net unearned income is subject to a “kiddie tax”, which prevent parents and grandparents… Read More