Missouri Tax and Business Blog

This blog focuses on a variety of issues affecting individuals and small businesses. Topics for individuals include taxes, identity theft, security among other relevant issues. Small business owners can see topics about taxes, tax planning, marketing and other business issues/topics.

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Posts about Taxes

16 April 2020

Congress Makes Charitable Giving Easier During the COVID-19 Crisis

To encourage charitable contributions to deserving qualified charities during these trying times, Congress has relaxed some of its restrictions related to how much a taxpayer can deduct as a charitable contribution in any given year.

David M Robson

Taxes

15 April 2020

Employer Alert: Families First Coronavirus Response Act Provisions are Mandatory

Due the COVID-19 outbreak and all of the government’s efforts to curtal its spread and to prop up the economy, we have been in information overload for just about a month now. One of the government’s efforts was to pass the Families First Coronavirus Response Act which, at the government’s expense, requires employers to pay emergency sick leave and family medical leave benefits to employees affected by the COVID-19 crisis.

David M Robson

Taxes

14 April 2020

Don't Fall Prey to This New Scam Targeting CFOs and Bookkeepers

CEO fraud is becoming more and more common, and poor processes could make you a victim. Learn how to protect your business here.

David M Robson

Taxes

13 April 2020

Video: A Paycheck Protection Loan Might be a Good COVID-19 Emergency Funding Option

If you have 500 or fewer employees, you may qualify for an SBA Paycheck Protection Loan.

David M Robson

Taxes

10 April 2020

Full Breakdown: IRS Filing, Payment, and Action Deadlines

On April 9, 2020, the IRS issued Notice 2020-23 which has expanded the postponement of filing and payment obligations to include those due on or after April 1, 2020 and before July 15, 2020. This notice expands on Notices 2020-18 and 2020-20.

David M Robson

Taxes

10 April 2020

IRS Extends Over 300 Tax Filing, Payment and Admin Deadlines

More than 300 tax filing, payment, and admin deadlines are being extended to July 15th to provide relief to taxpayers and small businesses during COVID-19.

David M Robson

Taxes

09 April 2020

Track Your Economic Impact Payment in the New IRS Portal

Economic impact payments are on their way to over 170 million Americans. There will now be a portal to track the status and provide direct deposit information.

David M Robson

Taxes

09 April 2020

Drug & Alcohol Addiction Treatments May Be Tax Deductible

A taxpayer is allowed an itemized deduction for medical expenses paid during the taxable year and not compensated by insurance or otherwise for medical care of the taxpayer or the taxpayer’s spouse, dependent, or medical dependent.

David M Robson

Taxes

08 April 2020

How Much Will I Get From the COVID-19 Stimulus Rebate Program?

The maximum each eligible adult qualifies for is $1,200. The maximum a married couple qualifies for is $2,400. For each qualifying child, your rebate is increased by $500. Learn more.

David M Robson

Taxes

08 April 2020

Employers Can Defer Payroll Taxes

One of the benefits included in the COVID-19 epidemic stimulus package is the ability for an employer to defer payment of the employer’s share of certain federal payroll taxes. The deferral applies to the employer’s 6.2% share of the Social Security (OASDI) payroll tax. The deferral does not apply to the employer’s 1.45% share of the hospital tax.

David M Robson

Taxes

08 April 2020

The IRS Starts Issuing Coronavirus Payments April 9th: When Will You Get Your Funds?

IRS payments will begin to be sent out as early as April 9. See where you fall in the queue.

David M Robson

Taxes

05 April 2020

Side-By-Side Comparison of the Paycheck Protection Program and Economic Injury Disaster Loans

here are two different types of government business loans available to help small businesses stay afloat during the coronavirus emergency that are quite different in nature. There are two different types of government business loans available to help small businesses stay afloat during the coronavirus emergency that are quite different in nature.

David M Robson

Taxes

05 April 2020

What You Need to Know About COVID-19 Recovery Loans

There are two different types of government business loans available to help small businesses stay afloat during the coronavirus emergency that are quite different in nature. There are two different types of government business loans available to help small businesses stay afloat during the coronavirus emergency that are quite different in nature.

David M Robson

Taxes

05 April 2020

Paycheck Protection Program (PPP) Information Sheet: Borrowers

We have been getting a lot of questions about the Paycheck Protection Program. Read over the following for the latest details and how we can help.

David M Robson

Taxes

03 April 2020

Tax Credit Pays for Keeping Employees on Payroll

To help businesses retain employees and keep them employed during the COVID-19 crisis, Congress has provided a refundable employer retention credit available to all qualifying employers regardless of size, including tax-exempt organizations.

David M Robson

Taxes

02 April 2020

Self-Employed and Independent Contractors Now Qualify for Unemployment Benefits

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27th by President Trump, includes an unemployment assistance program for individuals who under normal circumstances would not qualify for unemployment benefits, which traditionally have only applied to employees. Under the CARES Act, unemployment benefits are now available for self-employed individuals, independent contractors and others – even some with limited work history – who are unable to work because of the coronavirus emergency.

David M Robson

Taxes

01 April 2020

How Can I File for Unemployment in the United States?

With many people out of work due to COVID-19, unemployment claims are increasing across the country – and so are the benefits. Here’s all the info.

David M Robson

Taxes

31 March 2020

Running Low on Money? Congress Has Made it Easier for You to Tap Your Retirement Savings

If you are struggling financially due to the COVID-19 epidemic, you will be happy to know Congress, as part of the CARES Act enacted on March 27, has made it easier for you to access your retirement funds during this emergency.

David M Robson

Taxes

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