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Year-End State and Local Tax Planning Perspective

Withum

Today, almost all states employ economic nexus concepts, whereby merely having sales sourced to a state generally result in a filing requirement even without a physical presence. Economic nexus presents risk and opportunity for service providers. It has significant tax in any respective out-of-state jurisdiction.

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New Missouri Tax Credit Incentivizes Businesses to Hire Interns and Apprentices

Anders CPA

This law provides an income tax credit for taxpayers who hire an intern or apprentice who is paid at or beyond the minimum wage. The DED will establish the procedure for claiming the tax credit and will certify eligible applicants to the Missouri Department of Revenue. Governor Michael L.