Kansas City straddles two states with different tax rules. Multi-state complexity plus city earnings tax means most KC business owners are leaving money on the table.
MO top rate 4.8% (being reduced). Metro straddles MO/KS border creating multi-state complexity. KS top rate 5.7%.
Kansas City MO has a 1% earnings tax on income earned in the city. Multi-state issues common for KC businesses.
A Kansas City logistics company doing $3.7M with operations in both MO and KS was overpaying due to improper multi-state allocation. After restructuring and proper apportionment, plus cost segregation on a warehouse, annual savings totaled $58,000.
Properly allocate and apportion income across state lines to minimize combined state tax burden.
Learn more →Optimize your business structure across LLCs, S-Corps, and holding companies to minimize tax exposure and maximize protection.
Learn more →Reclassify building components to 5, 7, or 15-year property for accelerated depreciation and massive first-year deductions.
Learn more →Eliminate $15,000 to $40,000+ per year in unnecessary self-employment tax with the right S-Corp election and salary structure.
Learn more →Deduct the full purchase price of qualifying equipment, vehicles, and assets in the year they are placed in service.
Learn more →We serve Kansas City business owners remotely with the same depth as a local firm. Our Tax Intelligence Framework starts with a comprehensive review of your financials, entity structure, and current tax position. We then build a custom strategy and implement it.
We work alongside your existing CPA, not replacing them. Learn more about our tax strategy service or read about how we work alongside your CPA.
Book a free review and we'll identify exactly how much you're overpaying and the strategies to fix it.
Tell us about your business and we'll identify every savings opportunity available to you.