Client Tips

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 [...]

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 [...]

NEW SALES TAX RULING IMPACT ONLINE RETAILERS Last year approximately 9% of all retail sales of $452 billion was through e-commerce. As more and more consumers shop online, the brick-and-mortar [...]

UMBRELLA INSURANCE POLICY  Who needs an umbrella policy? If you are ever sued or found at fault for personal injury to others, you may need an umbrella policy. Your home or auto policy may not [...]

Roth IRA:               1) Conversion 2) Recharacterization 3) Withdrawal Rules   There may be a good reason to convert a Traditional IRA into a Roth IRA. The main reason to convert a Traditional [...]