By: Kerri Tassin A recent online article titled “7 Cities You Didn’t Expect To Be Great For Business” in Forbes magazine listed Springfield, Missouri as a great location in which to start a new business or expand an existing business. The author of the May 15, 2017 article, Brian Rashid, cited Springfield’s low labor and tax costs as reasons to launch a business in our … [Read more...] about Bears Business Brief: Choice of business entity merits careful consideration

By: Kerri Tassin In recent articles, I discussed self-employment tax issues and the sharing economy and focused on independent contractors and their tax responsibilities. But what if you’re an employer trying to determine whether the workers you hire should be treated as independent contractors or employees? What difference does worker classification make? Whether an … [Read more...] about Bears Business Brief: Worker Classification Matters

By: Kerri Tassin I teach tax accounting classes at Missouri State University, and each semester in class we discuss business related expenses for purposes of possible deductions from federal gross income. When we start to explore certain deductions and transactions, I pause to have a real heart to heart with my students. This is the time I advise them to have a serious chat … [Read more...] about Bears Business Brief: Do I really have to keep all of those tax records?