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 Personal Finance

04 August 2022

Portability of Unused Estate Tax Exclusion

When an individual dies, the value of that individual’s estate is subject to estate taxation, which is currently 40% of the individual’s taxable estate. However, there is a lifetime exclusion (exemption) to the estate tax, which for 2022 is $12.06 million.

David M Robson

Personal Finance, Taxes

01 August 2022

Will Your Planned Retirement Income Be Enough after Taxes?

That is an important question because the actual money you have to spend when you retire depends upon the after-tax sources of your retirement income. Thus it is important to understand how the various retirement vehicles are taxed.

David M Robson

Personal Finance, Taxes

20 July 2022

Tax and Personal Finance Tips for New Parents

raising a child is one of life’s greatest joys — and biggest expenses. And we’re not just talking about the costs of college. From diapers to daycare, from braces to bicycles, parents are often shocked by the constant outflow of cash that starts days after bringing baby home.

David M Robson

Personal Finance, Taxes

15 July 2022

Cash Flow Tips for Personal Trainers and Gym Owners

Just as setting a manageable, realistic training schedule is the best way for your clients to achieve their fitness goals, the same is true for your financial stability goals. Fitness businesses face unique cash flow challenges that are best managed by establishing and sticking to a regimen.

David M Robson

Personal Finance, Taxes

08 July 2022

RMDs and IRA-to-Charity Distribution Provisions

Tax law requires individuals who have reached age 72 to begin taking minimum distributions from their traditional IRA accounts. These are referred to as a required minimum distribution or RMD.

David M Robson

Personal Finance, Taxes

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