New tax reporting requirements for payment apps could affect you

If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. They don’t alter your tax liability, but they could add to your recordkeeping burden, as well as the number of tax-related documents [...]

By |2022-02-06T14:43:31-06:00February 6th, 2022|

Pregnancy Care Center

Are you looking for 70% Missouri Tax credits? Missouri recently changed a law to the qualified Pregnancy Resource Center (PRC) credit, beginning Jan. 1, 2021, to increase from 50% to 70% for centers that applied and were approved.  Then, on July 1, 2021, the allotment went from a very limited amount spread across all [...]

By |2021-11-29T15:46:28-06:00November 29th, 2021|

Businesses must navigate year-end tax planning with new tax laws potentially on the horizon

The end of the tax year is fast approaching for many businesses, but their ability to engage in traditional year-end planning may be hampered by the specter of looming tax legislation. The budget reconciliation bill, dubbed the Build Back Better Act (BBBA), is likely to include provisions affecting the taxation of businesses — although [...]

By |2021-11-14T15:22:58-06:00November 14th, 2021|

Potential tax law changes hang over year-end tax planning for individuals

As if another year of the COVID-19 pandemic wasn’t enough to produce an unusual landscape for year-end tax planning, Congress continues to negotiate the budget reconciliation bill. The proposed Build Back Better Act (BBBA) is certain to include some significant tax provisions, but much uncertainty remains about their impact. While we wait to see [...]

By |2021-11-11T17:21:21-06:00November 11th, 2021|
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