Missouri Use Tax

The State of Missouri, along with other states, imposes a use tax on businesses for purchases of tangible products purchased without sales tax. Common examples of purchases where use tax would be due include purchases from internet sellers/sites and purchases from out of state retaile
Tax deduction

Meals & Entertainment Expense Deduction

Many businesses have a difficult time determining which meals & entertainment (M&E) expenses are 50% deductible and 100% deductible. Informing your employees to keep proper documentation in order to prove amount, date and place, the business purpose, and who attended will help

Tax Related Identity Theft

Protecting your identity has become increasingly important over recent years. Many taxpayers have experienced tax related identity theft and were not even aware of it until they tried to file their tax return. Criminals will use stolen social security numbers to file fraudulent return

Dental Professionals Tax Deduction

The Domestic Production Activities Deduction is a deduction for manufacturers and is intended to provide tax incentives for businesses that produce goods or work in the United States rather than sending that work overseas. As a dentist or orthodontist, how do I qualify? Is part of you

Tax Benefits of Hiring Your Children

Hiring your children may be an advantageous way to shift income to a lower tax bracket. However, certain rules must be followed to ensure the IRS allows these tax savings. The Benefits: Tax Rates Wages that are paid to children, as with any other wage, are tax deductible for the busin