Missouri provides you with a solid business expansion foundation. In Missouri, taxes and business costs don’t eat up all of your company’s profits. With only income earned in Missouri being taxed, you’ll receive a critical advantage for your business. Starting January 1, 2020, Missouri’s corporate income tax rate dropped to 4 percent, making us one of the most tax-friendly states in the U.S. Missouri also moved to a single factor, market-based corporate income tax apportionment model based only on sales. It’s important to note that Missouri has not adopted worldwide or nationwide unitary tax assessment in computing multinational corporate income tax liability.
Corporate benefits like low business and labor costs, customized training programs through Missouri One Start, reliable and inexpensive energy, aggressive and performance-based incentives and a statewide commitment to attracting companies and investment, make Missouri a place where your company can come to grow and thrive. Let’s talk to find out how we can assist you in improving your profitability and lowering your business costs; we’ve listed several critical benefits below that show why Missouri is the perfect place for business expansion or relocation.
Keep your operating costs at a minimum; with a low, predictable monthly bill, you’ll be able to budget more accurately and effectively.