• The 2014 wage base for Missouri unemployment is $13,000.  Therefore, the first $13,000 in wages per employee is taxable at your designated rate.
• Make sure you have a W-9 form on file for all independent contractors.  Any contractor that has yearly earnings of $600 or more should be sent a form 1099 at the end of the year.  If you are unsure whether the individual is an employee or independent contractor, read the following:
• Independent Contractor (Self Employed) or Employee?

New Employee Forms

Each new employee hired should fill out one of each of the following forms.  The W-4 forms should be updated anytime the employee changes address or wants to change their filing status.

• W-4
• MO W-4
• I-9

IRS Recordkeeping Links:

How long you should keep your records
What kinds of records you should keep
How to record business transactions
Small Business and Self-Employed Tax Center