The Law Office of Lance R. Drury
Ste. Genevieve : 573-883-3056
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Tax Controversy Archives

Missouri governor to cut taxes by $800 million

The national tax overhaul of last year implemented significant tax cuts for private citizens and corporate entities alike. Not to be outdone, Missouri governor Eric Greitens has announced a plan to slash tax rates statewide. If the governor’s proposal is successful, Missouri taxes could be reduced by an estimated $800 million.

Giving careful thought to deductions important for business owners

There are many different tax deductions for small businesses. They can have significant financial benefits for small business owners. So, there may be a temptation for business owners to take as many deductions as they can every tax year. However, it can be important for a company owner to exercise care when it comes to business deductions.

Understanding one’s options important in small business tax matters

Understanding what options they have when it comes to tax matters can be very important for small business owners. Having an incomplete picture of such options could cause an owner to inadvertently act in a way not consistent with their financial best interests.

Missouri Supreme Court hears sales tax case involving the Rams

Here in Missouri, among the big tax issues that are present for businesses are sales tax issues. Sometimes, disputes can arise between a business and the state over such taxes. Such disputes can come up for all different sorts of businesses. As a case that is currently before the Missouri Supreme Court illustrates, this includes professional sports teams.

Retirees and tax mistakes

People in different stages of life can vary quite a bit in what tax issues are present for them. So, each age group can have its own set of tax mistakes it is particularly important to watch out for. Today’s post will be focused on tax mistakes for one particular group: people of retirement age.

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