Family-owned or closely held business owners will find articles on business tax, management, succession planning, and business finance in the Perspectives newsletter.
Read recent Perspectives articles
A law signed by President Obama last year changed the due dates for certain 2016 tax returns that will be filed in 2017. Entities affected by the new deadlines include partnerships and C corporations, as well as those that file FinCEN Form 114, Report of Foreign Bank and Financial Accounts, and several other Internal Revenue Service information returns.
2017 brings accelerated Form 1099-MISC filing deadline if you report nonemployee compensation payments
If your business is required to report non-employee compensation payments via Form 1099-MISC (in Box 7), the Internal Revenue Service has moved up the filing date to January 31, 2017. The new filing date coincides with the date the form must also be provided to the individual or unincorporated business that provided the service and […]
The Taxation Division of the Missouri Department of Revenue recently began to issue alerts to all Missouri taxpayers registered for sales tax collection, indicating they might have an obligation to charge and remit sales taxes on delivery charges that were previously thought to be exempt from taxation. These notices are being generated pursuant to Senate […]
Missouri tax cuts passed by the state legislature in 2014 will begin to take effect in the upcoming 2017 tax year.
The Missouri Supreme Court issued a decision on January 12, 2016, that might have major consequences for certain businesses whose sales of services have, thus far, been exempt from tax. In this particular case, the Supreme Court ruled against the taxpayer, a dance school, stating that its sales of dance lessons constituted a taxable transaction […]
As the owner of a business, it is your responsibility to know if you are paying your employees a fair salary in the eyes of the Internal Revenue Service. For many types of businesses, the IRS critically views certain employees’ salaries as a means for the business to evade tax, and it will remedy the […]