Central Bank of Kansas City Newsletter

The Latest

Back-to-School Events

Saturday, August 5th from 12-4pm – Back-to-School Event at Clymer Community Center - 1301 Vine St., KCMO - Please see flyer on next page for details.

Saturday, August 5th from 10am – 3pm - KCPSFEST at East High School – Back-to-School event with plenty of free services and school supplies for families. Registration required for this drive-thru event. Find more info here.

Saturday, August 12th from 10am-2pm – Bounce Back-to-School at Samuel U. Rodgers – Registration required for school supplies. See flyer on next page for details.

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News & Events

Missouri Tax Free Weekend
August 4th-6th

The Missouri sales tax holiday is effective from Friday, August 4th beginning at 12:01 a.m. and ending at midnight on Sunday, August 6th. Certain back-to-school purchases, such as clothing, school supplies, computers, and other items, are exempt from sales tax for this time period only.The sales tax holiday applies to state and local sales taxes.

The sales tax exemption is limited to:

Clothing – any article having a taxable value of $100 or less
School supplies – not to exceed $50 per purchase
Computer software – taxable value of $350 or less
Personal computers – not to exceed $1,500
Computer peripheral devices – not to exceed $1,500
Graphing calculators - not to exceed $150

The KC Star has some more specific details here about what is included in the tax free weekend and what is not. Also, municipalities can no longer opt out, so all of Missouri will have the Tax Free Weekend August 4th-6th. (Information in this article taken from the KC Star and the MO Dept. of Revenue websites)

Getting Ahead

Helping Older Adults Understand Online Banking

New technology helps make the completion of everyday tasks more convenient and accessible. But, these advancements can also seem daunting to anyone who has difficulty learning or trusting new technology. As the financial industry embraces digitization through online platforms, seniors can’t always follow their traditional methods of managing their finances. A grandparent, elderly friend, or partner may need some assistance navigating the ins and outs of online banking. Here are some pointers on how you can guide them.

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Finance Lessons to Teach Your Kids Before College

For many kids, their move to college is the first time they’re leaving the nest and the day-to-day influence of their parents. If your child is a college-bound adolescent, you’re most likely equal parts proud and apprehensive about the changes your child is about to experience. While you and your child are prepping college room essentials, potential areas of study, and connecting with roommates, it’s important to review or introduce the following financial lessons before move-in day.

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Lifestyle

4 Creative Ways to Get Kids Excited About Back-to-School

The prospect of a new school year starting can generate feelings of melancholy, dread, or indifference for kids unwilling to say goodbye to the carefree days of summer. If your child isn’t exactly eager to get back to hitting the books, try the following suggestions. They may inspire your summer baby to jump into school mode with glee.

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Business Banking

Smoothing Out Your Business’s Cash Flow

Of all the important measurable metrics, a business can live and die on cash flow as readily as any other. If you don’t have enough liquid capital on hand, you could struggle to pay your bills and your employees on time, which can damage your credit and credibility. But if you are proactive about keeping cash flowing smoothly through your business, you can look forward to things running like a well-oiled machine.

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How a Positive Workplace Culture Influences Productivity

Cultivating a supportive, positive culture in your company has more benefits than just fostering the mental and emotional well-being of your staff. A healthy working environment also facilitates more productive work habits among your workers. Here’s how.

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Published by Central Bank of Kansas City
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Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.

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