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 Small Business

23 March 2022

You May Need to File Estimated Tax Payments

Estimated tax payments are not just for the self-employed. They are for anyone whose withholding and tax credits are significantly less than their projected tax liability, and if used properly, can protect a taxpayer from underpayment penalties.

David M Robson

Small Business, Taxes

18 March 2022

There's a Lot You Can Get Wrong With Business Budgeting... But It's Still an Invaluable Practice

Fascinatingly, a massive 82% of all organizations that end up failing do so for essentially the same reason: cash flow issues. Cash flow doesn't just refer to the total amount of money coming into an account. It also refers to the timing of that money, among other factors. Invoices don't get paid when they should be. Loan payments come due before the cash is in an account. All of these things take their toll, and businesses of all sizes pay the price because of it.

David M Robson

Small Business, Taxes

17 March 2022

Want to Make the Inc. 5000 Annual List of the Fastest-Growing Companies? Here's How

According to one recent study, there were about 31.7 million small businesses in the United States as of 2020 - making up a massive 99.9% of all organizations in existence. Over the years, one of the things that Inc. has become famous for is their Inc. 5000 list - a yearly collection of some excellent growth stories that are designed to serve as inspiration for everyone else trying to follow a similar path.

David M Robson

Small Business, Taxes

16 March 2022

The Steps to Estimate Start-Up Costs Before You Launch Your New Business

It's one thing to come up with something innovative — it's another thing entirely to avoid the trials and tribulations that the business side of the equation often brings with it. That's why it's so important to estimate start-up costs before you launch your new business — it can help you avoid as many of these issues as possible.

David M Robson

Small Business, Taxes

15 March 2022

You May Qualify for the 20% Tax Pass-Through Deduction

The current tax code provides a substantial tax benefit for most non-C-corporation business owners in the form of a deduction that is equal to 20% of their qualified business income (QBI). This deduction is most known as a pass-through income deduction because it applies to income from pass-through business entities such as partnerships and S corporations. This category also includes income from sole proprietorships, rentals, and farms; Real Estate Investment Trust (REIT) dividends; pass-through income from publicly traded partnerships; and cooperative dividends. The shorthand term for this deduction is the Sec 199A deduction, as 199A is the Internal Revenue Code section number for this provision.

David M Robson

Small Business, Taxes