Missouri · Graduated income tax, city earnings taxes
CPA, bookkeeping & fractional CFO services in Missouri
Missouri has a graduated personal income tax with a moderate top rate, and Kansas City and St. Louis each charge a 1% earnings tax on people who live or work there. CPA Torrance is a CPA-led firm based in Torrance, California that provides bookkeeping, tax planning, tax filing and fractional CFO support to Missouri businesses remotely.
- Serving all of Missouri remotely
- Missouri MO-1120, MO-1065 and city earnings tax tracked for you
- Monthly reporting included
In short
What is the Kansas City and St. Louis earnings tax?
Kansas City and St. Louis each charge a 1% earnings tax on residents and on nonresidents who work in the city, plus a tax on business net profits earned in the city. Employers withhold it from wages, and business owners file a profits return. It is separate from Missouri state income tax.
- State income tax
- Graduated
- State sales tax
- 4.225% + local
- Key business tax
- Kansas City and St. Louis earnings tax
- How we serve
- Remotely, statewide
Services in Missouri
What we do for Missouri business owners
From Kansas City and St. Louis professional firms to Springfield manufacturers and Columbia healthcare practices, Missouri owners need state and city taxes planned together. We provide monthly bookkeeping, federal and Missouri tax planning, filings and CFO reporting from one coordinated team.
Bookkeeping Services
- Monthly reconciliations in QuickBooks Online
- Missouri state and local sales tax tracking
- Payroll and contractor payment review
- Monthly profit and loss and balance sheet
- Catch-up and clean-up bookkeeping
Tax Planning & Strategy
- Entity and S corporation review
- Missouri SALT parity election review
- Federal and state estimated payments
- Multi-state income review
- Year-end tax planning meeting
Tax Filing & Compliance
- Federal business returns (1120, 1120S, 1065)
- Missouri MO-1120, MO-1065 and city earnings tax returns
- Owner individual returns
- IRS and state notice help
- Due-date tracking for every filing
Fractional CFO Services
- Cash-flow forecasts
- Budget versus actual reviews
- Margin and pricing analysis
- Lender- and investor-ready reporting
- Growth and hiring plans
Missouri tax planning
Planning around Missouri taxes
Missouri planning combines the state rate, city earnings taxes, the SALT parity election and federal planning.
Book a 15-min callCity earnings tax
We file profits returns for businesses in Kansas City and St. Louis and review payroll withholding.
SALT parity election
Missouri offers an elective pass-through entity tax. We model whether it lowers total tax.
Local sales tax
Local rates vary widely. We set up your books to report each location correctly.
Who we work with
Missouri industries we serve
We work with owner-led businesses across Missouri, with experience in the industries that drive the state economy.
Healthcare practices
Medical and dental practices across Missouri.
Logistics and freight
Trucking and warehousing in Kansas City and St. Louis.
Agriculture
Farms and agribusinesses statewide.
Financial services
Advisory and fintech firms.
E-commerce sellers
Online brands with Missouri sales tax, inventory and multi-channel books.
Professional firms
Consultants, agencies and law firms billing by the hour, project or retainer.
Why Missouri businesses choose CPA Torrance
Areas we cover
Serving businesses across Missouri
Businesses in Kansas City, St. Louis, Springfield, Columbia, Independence work in healthcare, logistics, agriculture, financial services and manufacturing. CPA Torrance helps Missouri businesses, including those owned from out of state, stay compliant and organized through remote meetings.
- Kansas City
- St. Louis
- Springfield
- Columbia
- Independence
- Lee’s Summit
- Clayton
- Chesterfield
- Joplin
- St. Charles
- Video meetings on your schedule
- Secure document portal for statements and returns
- Cloud accounting you can see any time
FAQ
Missouri business tax and accounting questions
Not covered here? A 15-minute call gets you a straight answer for your situation.
What financial services can CPA Torrance provide to Missouri businesses?
We provide monthly bookkeeping, federal and Missouri tax planning, business tax filing and fractional CFO services. Everything runs from one set of books, so your bookkeeper, CPA and CFO advisor work from the same numbers.
Do I owe the earnings tax if I work remotely?
It depends on where the work is done. Nonresidents generally owe it only for days worked in the city. We review your situation.
Does Missouri have a pass-through entity tax?
Yes. Missouri allows an elective SALT parity tax for partnerships and S corporations.
How do I handle Missouri local sales tax?
Rates depend on the location of the sale. We set up your books to apply the right combined rate.
Can CPA Torrance work with Missouri businesses remotely?
Yes. We serve businesses across Missouri, including Kansas City, St. Louis, Springfield, Columbia, Independence, Lee’s Summit, Clayton, Chesterfield, Joplin and St. Charles, through video meetings, a secure document portal and cloud accounting you can see any time. Our office is in Torrance, California.
How do I get started?
Book a 15-minute call or request a free financial assessment. We review your books, tax position and systems and recommend the right mix of support for your Missouri business.
Get your Missouri books and taxes in order.
Book a call to review bookkeeping and tax planning for your Missouri business.