HEALTH CARE EXCISE TAX Reminder — the Patient Protection and Affordable Care Act excise tax on all health care providers is due July 31. Providers include not only insurance companies but [...]
From The Asset September/October 2018 - By Jim Pursley, CPA - Accounting professionals practicing in the United States have new guidance to follow when performing compilation and review [...]
Missouri Lowers Tax Rates for Individuals - Missouri’s top individual income tax rate is decreased from 5.9% to 5.4% beginning in 2019 ($5 per $1,000).Further Reductions - The top rate can drop [...]
LOWER MISSOURI UNEMPLOYMENT TAXES For the second year in a row, Missouri employers will see a decrease in their unemployment taxes. The Missouri taxable wage base (TWB) will decrease from [...]
Minimum Wage Effective January 1, 2019, the minimum wage in several states will be increasing. Federal law provides that companies who are engaged in the retail or service industry whose annual [...]
NEW MISSOURI WITHHOLDING TABLES The Missouri Department of Revenue has recently published new withholding tables. The tables that were issued earlier this year decreased withholding by a greater [...]
HSA CONTRIBUTIONS Health Savings Accounts (HSAs) provide tax-advantaged savings for qualified health expenses. These accounts are available to those individuals that have a qualified [...]
529 EDUCATION SAVINGS PLANS Several changes have been made to the 529 education savings plans with the new tax law that was signed in December 2017. One major change is that an aggregate of [...]
In Volume 1 of our 2018 newsletter, we highlight: New Pass-Through Income Deduction, Business Tax Changes in the Tax Cuts and Jobs Act, New Individual Tax Provisions, New Depreciation Rules, Best [...]
