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St. Louis County, city of Manchester officials maneuver for right to tax recreational pot

2 years 2 months ago
With the start of legal recreational marijuana sales fast approaching, local government officials are jockeying for the position to reap sales tax revenues. When Missouri voters approved changes to the state constitution last fall, they created an option for local governments to assess a 3% sales tax on cannabis. The constitutional amendment only allowed one level of local government to collect the tax, leaving officials in St. Louis County and Manchester to squabble over which municipality would…
Mark Maxwell, KSDK

4 red flags startups might encounter during investor due diligence that could sink a partnership

2 years 2 months ago
As a startup, finding and procuring funding for your business is a vital step to enable growth. Impressing potential investors is only the first step in securing funding. Passing the due diligence process is just as important as putting together a stunning pitch deck. To ensure this all-important discovery phase goes well, avoid the red flags that may cause venture capital and angel investors to back out of a potential partnership. Eventually, startups will require more funding than friends and…
Kyle Krahl, MBA, ASA

Family Business Profile: Matt LaMartina continues legacy of his father's plumbing company

2 years 2 months ago
Matt LaMartina has fond memories of growing up, riding in the plumbing truck with his father, Tony LaMartina. “There were the smells and the sound it made as it’s going down the road, full of parts and equipment,” Matt LaMartina recalled. LaMartina said his father often would tell him: “This business is going to die with me.” That appeared to be the case for a decade or more, until Matt LaMartina pursued his Master of Business Administration degree at Washington University and decided…
James Drew

Judge orders St. Louis to reimburse earnings tax to 6 workers for remote work

2 years 2 months ago
A judge ordered the city of St. Louis to reimburse six employees who had their remote work wages taxed under the city's 1% earnings tax. In a ruling issued Thursday, a judge ordered the city to refund six workers who had remote work hours taxed under the city's earnings tax, which applies to anyone who lives or works in the city. All six said they conducted the work outside of the boundaries of the city, and therefore shouldn't be taxed. Four of the six workers requested refunds for hours worked…
Sam Clancy, KSDK