• Cost-of-Living Adjustment (COLA) Information for 2023

    The SSA announced an 8.7% cost-of-living adjustment effective Jan 2023. Increased payments to SSI beneficiaries will begin on Dec 30, 2022. The earnings limit for workers younger than "full" retirement age will increase to $21,240. The earnings limit for people reaching their “full” retirement age in 2023 will increase to $56,520. There is no limit on earnings for workers who are "full" retirement age or older for the entire year.

    Medicare Information

    Information about Medicare changes for 2023 are available at www.medicare.gov. For Social Security beneficiaries receiving Medicare, their new higher 2023 benefit amount will be available in December through the mailed COLA notice and my Social Security's Message Center.

    2023 Minimum Wage

    As of January 1st, 2023, Missouri minimum wage was raised to $12.00/hr, Illinois minimum wage was raised to $13.00/hr.

  • Areas of expertise

  • Location: 260 Chesterfield Ind Blvd Chesterfield, MO 63005

    Call: (636)530-1040 or Fax (636)530-1101

    Hours: Monday-Friday 8 a.m.-5 p.m.

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  • Holt & Patterson, LLC is a certified public accounting and business consulting firm in the greater St. Louis area.  Along with the president, Michael Patterson, there are approximately 20 associates with a wide range of expertise and a standard of excellence beginning in 1960. 

    While we offer the traditional accounting, audit, and tax services, we have more to offer.  We provide business valuations, payroll preparation, and management consulting.