Larry Simpson

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Missouri State Unemployment

Every employer in Missouri pays into the Missouri Unemployment Insurance program. Frequently, we hear from those who are receiving benefits that since _they_, the employee, have paid into the fund, then they are going to take as much as they can from the fund. A common misconception occurs with the previous statement. Employers not employees …

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Self Employed Can Still Have A Retirement Plan

If you are self-employed you have many of the same options to save for retirement as employees participating in company sponsored tax-deferred retirement plans. *Savings Incentive Match Plan for Employees (SIMPLE IRA Plan):* A self-employed individual can contribute net earnings from self-employment up to $11,500 (or $14,000 if you are 50 or older) in salary …

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Does the IRS Have Money Waiting For You?

If you earned income in the last few years but you didn’t file a tax return because your wages were below the filing requirement, the Internal Revenue Service may have some money for you. The IRS also has millions of dollars in checks that are returned each year as undeliverable. Here’s what you need to …

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Do you need to pay estimated taxes

The most frequently asked question we receive is this: “Now that I am self-Employed, must I pay estimated tax?” Following are some hints that may help you answer that question. You may need to pay estimated taxes if you are self-employed, have income other than your salary or you receive income that is not subject …

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Budgeting For Your Business

An entrepreneur must learn to prepare budgets and accurate financial forecasts for their business. Your ability to set financial goals for sales, expenses, and profits measures your ability to succeed in business. The purpose of the budget is to provide you a view of the expected financial results of your business activities. The budget should …

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