Nash Bookkeeping & Tax Services

Nash Bookkeeping & Tax Services Licensed Enrolled Agent with 20+ years of experience. Services offered: Accounting and Bookkeeping, tax preparation, payroll

Accounting Services for small businesses. Consulting services for your financial needs. Tax Preparation individuals and small businesses.

⚠️ Missouri Filers: With the rollout of the new 4% flat tax in 2026, there is a major catch you need to look out for on ...
08/07/2026

⚠️ Missouri Filers: With the rollout of the new 4% flat tax in 2026, there is a major catch you need to look out for on your state returns.

Beginning this year, Missouri taxpayers can no longer deduct federal income taxes paid from their state tax return. This change was implemented to help offset the flat tax transition. Make sure to adjust your state withholding math accordingly! πŸ“βœοΈ

πŸ”΄ MISSOURI TAX ALERT: Big changes are officially here for the Show-Me State! Starting January 1, 2026, Missouri has comp...
08/06/2026

πŸ”΄ MISSOURI TAX ALERT: Big changes are officially here for the Show-Me State! Starting January 1, 2026, Missouri has completely eliminated its progressive income tax brackets.

Moving forward, the state has transitioned to a flat 4% individual income tax rate for all residents. This represents a massive overhaul in how state revenue is collected. How do you feel about the switch to a flat tax? Let's discuss below! πŸ‘‡

🏠 Homeowners and State Taxpayers: The State and Local Tax (SALT) deduction cap has seen a slight adjustment for the 2026...
08/03/2026

🏠 Homeowners and State Taxpayers: The State and Local Tax (SALT) deduction cap has seen a slight adjustment for the 2026 tax year.

The cap has ticked up to $40,400 for married couples filing jointly (up from $40,000). Keep in mind that this phases back down to $10,000 for higher income brackets. If you itemize your deductions, this is a key change to map out with your CPA! πŸ“

πŸ—³οΈ Missouri Voters: A massive decision is heading to the primary ballot. Voters will decide on Amendment 5, a constituti...
07/31/2026

πŸ—³οΈ Missouri Voters: A massive decision is heading to the primary ballot. Voters will decide on Amendment 5, a constitutional measure that proposes fully eliminating the state's individual income tax over time.

If passed, the lost income tax revenue would be replaced by expanding the state's sales and use tax base. Make sure you are registered to vote and educated on how this could change the tax landscape in Missouri! πŸ‡ΊπŸ‡Έ

πŸ‘Ά Family Tax Update: The Child Tax Credit (CTC) has received a permanent upgrade! Starting in the 2026 tax year, the max...
07/29/2026

πŸ‘Ά Family Tax Update: The Child Tax Credit (CTC) has received a permanent upgrade! Starting in the 2026 tax year, the maximum credit is officially set at $2,200 per qualifying child (up from the previous $2,000 base).

Even better? The credit is now permanently indexed for inflation, meaning it will continue to adjust to keep up with the rising cost of raising a family. ❀️

πŸ’° Attention hourly and tipped workers! A massive federal tax shift is here for 2026. Under recent legislative changes, q...
07/27/2026

πŸ’° Attention hourly and tipped workers! A massive federal tax shift is here for 2026. Under recent legislative changes, qualified tips and overtime compensation are temporarily exempt from federal income tax!

This is a huge deal for service industry workers, healthcare staff, tradespeople, and anyone logging extra hours. Check with your employer's payroll department to ensure your withholdings accurately reflect these new rules! πŸ› οΈβ˜•

πŸ“Š Where do you land? The IRS marginal tax brackets for 2026 have adjusted for inflation. While the seven baseline rates ...
07/22/2026

πŸ“Š Where do you land? The IRS marginal tax brackets for 2026 have adjusted for inflation. While the seven baseline rates remain the same (10%, 12%, 22%, 24%, 32%, 35%, and 37%), the income thresholds have shifted.

For example, the top 37% tax rate now kicks in for single filers earning over $640,600 and married couples filing jointly earning over $768,600.

Staying on top of your bracket ensures no surprises come tax season. πŸ’Έ

Missouri Taxpayer Midyear ReminderJuly is a great time for Missouri individuals and businesses to review:βœ”οΈ Estimated ta...
07/20/2026

Missouri Taxpayer Midyear Reminder

July is a great time for Missouri individuals and businesses to review:

βœ”οΈ Estimated tax payments
βœ”οΈ Payroll tax compliance
βœ”οΈ Business records and bookkeeping
βœ”οΈ Withholding amounts for the remainder of 2026

A midyear tax review can help reduce stress and avoid unexpected tax bills when filing season arrives.

If you'd like a tax planning review before year-end, we're happy to help.

🏒 Missouri Business Owners: A quick update on corporate tax incentives. While individual Missouri residents can still de...
07/17/2026

🏒 Missouri Business Owners: A quick update on corporate tax incentives. While individual Missouri residents can still deduct 100% of their capital gains, the planned expansion of this deduction to corporations is officially on hold for 2026.

The trigger required the state's top corporate rate to drop below 4.5% last year, but it sat at 4.7%. Because the economic trigger wasn't met, corporations will not be eligible for the capital gains deduction this year. πŸ’Ό

Address

4300 White Rock Road
Festus, MO
63028

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm

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