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Missouri Enacts Economic Nexus

TaxConnex

Missouri has officially become the last state with a state-wide sales tax to enact economic nexus. Missouri Gov. Mike Parson has signed SB153 (combined with SB97) into law, allowing Missouri and local jurisdictions to collect use tax and, proponents say, help protect local brick-and-mortar businesses.?.

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Missouri Cannabis Industry 2024 Updates

Anders CPA

At the first year anniversary of recreational cannabis in Missouri, the state industry is healthy. Here are ways Missouri cannabis businesses can make their second year as, or more, profitable than their first. Watch the Hemp Industry Missouri has taken a strong stance against the hemp-derived market. We would be happy to help.

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New Ruling Clarifies Local Sales Tax Rates for Multi-Location Businesses in Missouri

Anders CPA

The Missouri Private Letter Ruling No. The case involves a property owner operating a resort with properties in two different Missouri jurisdictions that feature varying local sales tax rates. Contact Anders The post New Ruling Clarifies Local Sales Tax Rates for Multi-Location Businesses in Missouri appeared first on Anders CPA.

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Hoops for Hope Raises $13,010 for Missouri Veterans Endeavor

Anders CPA

Over 670 brackets were created during the 35th annual Anders Hoops for Hope March Madness-style bracket tournament supporting Missouri Veteran’s Endeavor (MOVE-STL). ABOUT MISSOURI VETERANS ENDEAVOR Missouri Veterans Endeavor (MOVE-STL) is a community for Veterans experiencing homelessness along with their families.

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Exploring Missouri Senate Bill 190: What It Means for Social Security and Retirement Benefit Deductions

Anders CPA

Missouri Senate Bill 190, signed into law by Governor Mike Parson in 2023, aims to provide tax relief for seniors by expanding deductions for retirement and Social Security benefits. Under the provisions outlined in MO SB 190, taxpayers in Missouri stand to benefit from enhanced tax relief measures specifically targeted toward seniors.

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Changes to Missouri Taxability of Sales Made Online by a Not-for-Profit Marketplace Facilitator

Anders CPA

On July 31, 2023, Missouri released Private Letter Ruling No. Although marketplace facilitators are required to collect and remit sales and use taxes in Missouri, these taxes might not apply to 501(c)(3) organizations when selling to other 501(c)(3) organizations. Genesis Clay, tax intern, contributed to this article.

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Missouri Show-Me Green Sales Tax Holiday

Anders CPA

The biggest weekend for purchasing appliances in Missouri is here! This is the week that Missouri is holding their Show-Me Green Sales Tax Holiday. During this time, if you buy a certified Energy Star appliance in Missouri, you will not have to pay any state sales tax. What Purchases Qualify for the Exemption?