The Missouri Department of Revenue is the state agency responsible for overseeing tax collection, motor vehicle registration, and driver licensing in the state of Missouri. With a focus on ensuring compliance with state laws and regulations, the department plays a crucial role in maintaining the financial stability and safety of Missouri's residents and businesses.
For most people, government and legal correspondence isn’t the world’s most exciting type of mail. It’s less fun than, say, an invitation to a swanky party or your most recent fruitcake-of-the-month club delivery.
For business owners, however, effectively receiving and handling these communications is a critical part of running a business. If you miss a notification, you might lose your ability to do business in a state or be unable to defend yourself against a legal action.
Business privilege and mercantile tax (BPM) is a tax assessed on the gross receipts of specific types of businesses, commonly retailers and wholesalers. Originating from the Pennsylvania Local Tax Enabling Act of 1965, this tax serves as compensation for businesses availing local governmental services, such as public safety measures.
BPM has undergone multiple changes since 1965. By 1988, the Pennsylvania Local Tax Reform Commission labeled it as a “nuisance tax,” primarily due to inadequacies in the legislative framework and vagueness surrounding the tax base. Still, jurisdictions that had existing BPM were allowed to continue its imposition.
It’s common for businesses to seek safe, effective, lawful ways to minimize their tax liability. A high tax bill can throttle a business, limiting growth and innovation. However, if your business operates as a pass-through entity, it may be easier to preserve funds, pay yourself in the early stages of your business, and grow to your full potential.
Stick around to see what businesses need to consider when choosing the right business type and how Mosey can work to keep businesses compliant.
Paul Boynton |Nov 18, 2025
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