Morrow & Co LLC CPAs

Morrow & Co LLC CPAs Accounting For Your Needs since 1988.
10500 E Berkeley Square Pkwy
Suite 205
Wichita, KS 67206
316-263-2223
www.morrowco.cpa

With tax season over, audits tend to rise ⬆️ With that in mind, we wanted to highlight that audits are incredibly rare w...
05/29/2026

With tax season over, audits tend to rise ⬆️ With that in mind, we wanted to highlight that audits are incredibly rare while also sharing information on the audit process in the unlikely event one occurs.

Swipe through for an audit overview, and reach out to us with any accounting questions or needs that arise as the rest of the year unfolds 🤝

Cash reserves, funds set aside for unexpected expenses or short-term needs, can play an important role in an overall fin...
05/28/2026

Cash reserves, funds set aside for unexpected expenses or short-term needs, can play an important role in an overall financial strategy, especially when it comes to preparing for the unexpected. Swipe through for a closer look at what they are and why they may matter.

If you would like help evaluating whether your cash reserve strategy fits your overall financial picture, give us a call. We are happy to help.

The accounting landscape can be hard for small businesses to navigate, but the good news is that our team of experts is ...
05/27/2026

The accounting landscape can be hard for small businesses to navigate, but the good news is that our team of experts is here to assist.

As a starting point, we’re sharing nine high-level strategies small businesses can employ. While these tips range from tax season options to larger considerations, all of these actions are best done in consultation with a tax professional who can offer personalized advice.

With that in mind, reach out to our team of experts if you have questions or would like our strategic assistance. We’re here to help your small business thrive for many years to come!

Retirement planning is about more than just hitting a savings goal. Markets fluctuate, expenses evolve, and your needs m...
05/26/2026

Retirement planning is about more than just hitting a savings goal. Markets fluctuate, expenses evolve, and your needs may shift over time, making flexibility an important part of any long-term strategy. Swipe through to learn more about adaptability and withdrawal strategies in retirement planning.

A thoughtful, flexible approach can help support both your lifestyle and long-term financial stability. If you would like to discuss your retirement income strategy, call us to start the conversation.

Giving to causes you care about not only supports impactful organizations but also brings financial and estate benefits....
05/25/2026

Giving to causes you care about not only supports impactful organizations but also brings financial and estate benefits.

Swipe through to explore smart ways to enhance your charitable giving! From donating appreciated assets to strategic timing with donor-advised funds, there are many paths to impactful generosity.

Reach out with questions or to discuss more about charitable giving. Our team is always ready and willing to help.

Starting your own business and wondering if you can handle the bookkeeping yourself? You can! But in many cases, it's he...
05/22/2026

Starting your own business and wondering if you can handle the bookkeeping yourself? You can! But in many cases, it's helpful to have outside help.

The first step is to set up a separate bank account for your new business to help you monitor your revenue and expenses, laying a solid foundation for financial management💼

Remember, you're not alone in this journey! Whether it's setting up your system or managing the books on an ongoing basis, we're here to get you the help you need 🤝 Reach out anytime.

A recent post from the National Taxpayer Advocate highlights a potentially significant refund opportunity for millions o...
05/22/2026

A recent post from the National Taxpayer Advocate highlights a potentially significant refund opportunity for millions of taxpayers related to COVID-era IRS penalties and interest assessments.

Based on the ongoing Kwong litigation, some taxpayers who incurred late filing, late payment, or estimated tax penalties during the COVID disaster period (2020–2023) may be entitled to refunds or abatements.

Importantly, relief is not automatic — many taxpayers may need to file a protective refund claim by July 10, 2026 to preserve their rights.

This issue could affect individuals, businesses, estates, trusts, and international information return filings.

Worth reviewing if you or your clients had IRS penalties or interest assessed during that timeframe.

Read more from the Taxpayer Advocate Service here: https://www.taxpayeradvocate.irs.gov/news/nta-blog/tens-of-millions-of-taxpayers-may-be-eligible-for-significant-tax-refunds/2026/04/

Mid-year is the ideal time to take a closer look at your charitable giving strategy, especially with key tax changes tak...
05/21/2026

Mid-year is the ideal time to take a closer look at your charitable giving strategy, especially with key tax changes taking effect in 2026. As you plan ahead, there are important charitable giving thresholds and updates to consider. Swipe to learn more.

These changes may not affect how much you give, but they can influence when and how you give to maximize your impact. If you would like help reviewing your charitable giving strategy or preparing for 2026 thresholds, call us today.

Did you know some medical expenses, including certain types of therapy and counseling, may be tax deductible? If you’ve ...
05/20/2026

Did you know some medical expenses, including certain types of therapy and counseling, may be tax deductible? If you’ve had or expect to have high out-of-pocket medical costs this year, you might qualify for deductions for the 2025 tax year.

Swipe through for some often-overlooked medical deductions. And keep in mind that applicable deductions only apply if you choose to itemize your deductions instead of taking the standard deductions.

Not sure which one makes more sense for you? That’s what we’re here for! Reach out for guidance tailored to your unique situation.

Mid-year is a good time to review your financial strategy, especially if you’ve recently experienced a major life event....
05/19/2026

Mid-year is a good time to review your financial strategy, especially if you’ve recently experienced a major life event. When income, family structure, taxes, or risk exposure change, your strategy should evolve too.

Here are a few life events that may signal it’s time for a review:

🔵 Career Changes or Income Shifts - Promotions, new roles, or job transitions can alter retirement strategy, benefits, and overall income stability.
🔵 Marriage or Partnership Changes - Combining finances with a spouse or long-term partner affects debt management, retirement strategy, and investing goals.
🔵 Divorce or Separation - Asset division, new housing costs, and changing household income may require adjustments to savings rates, investment risk levels, and long-term retirement timelines.
🔵 Birth or Adoption of a Child - Adding a dependent introduces new long-term expenses and planning considerations.
🔵 Inheritance or Windfall Events - Sudden liquidity can strengthen long-term planning if integrated thoughtfully.
🔵 Home Purchase or Relocation - Housing decisions influence overall liquidity and debt, and often require long-term planning to manage.

Life events often reshape financial reality faster than markets do. If you’d like to discuss how recent life changes may affect your strategy, feel free to reach out. We’re always here to help.

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10500 E Berkeley Square Pkwy, Suite 205
Wichita, KS
67206

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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