Client Tips

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 [...]

MISSOURI UNEMPLOYMENT WAGE BASE The taxable wage base is the maximum amount that an employer must pay unemployment taxes on each employee. The Missouri wage base for 2018 has decreased to [...]

2018 TAX LAW CHANGES FOR BUSINESSES There are some major changes in the new tax law that impact businesses. Entertainment expenses will no longer be deductible.  This includes taking a client to [...]

529 TAX-ADVANTAGED SAVINGS PLANS Originally created to encourage saving for college costs. Dollars contributed grow tax-free and distributions are also tax free – if used for qualified [...]