Business Owner Information

General Information

  • The 2020 calendar year wage base for Missouri unemployment is $11,500. Once an individual employee makes this amount the remaining wages for the year are not subject to the tax.
  • 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:

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.

Need Help Figuring a Paycheck?

Deduct 6.2% of gross earnings for social security
Deduct 1.45% of gross earnings for medicare
Deduct Federal Tax Withholding: Tables (pg 45-66)
Deduct Missouri Tax Withholding: Tables (scroll down) or Withholding Calculator

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