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

As the new year gets underway, it's a good time to build a habit that pays off all year long: actually reading your fina...
09/03/2026

As the new year gets underway, it's a good time to build a habit that pays off all year long: actually reading your financial reports every month, not just pulling them together once a year for taxes. Today, we're sharing three reports worth putting on your monthly calendar, along with what to watch for in each. Swipe through to see what they are.

Want help building this into your routine or just want a regular check-in on how things are looking? Give us a call anytime. We're happy to help with this or anything else on your mind.

Some of the most valuable year-end tax opportunities are the ones business owners do not revisit often enough. This can ...
09/03/2026

Some of the most valuable year-end tax opportunities are the ones business owners do not revisit often enough.

This can include evaluating whether your current entity structure still makes sense. As a business grows, the structure that worked from the start may no longer be the most tax-efficient.

A sole proprietorship, partnership, LLC, or S corporation can each produce different tax results depending on profitability, payroll, and owner compensation. This type of review can impact self-employment taxes, how income is reported, and overall planning flexibility.

Contact our office if you want to review whether your current entity structure is working in your favor. We can run the numbers and help you determine what makes the most sense for your business.

If you work in a job where you regularly receive tips, a recent tax change may affect your federal income tax return. A ...
09/02/2026

If you work in a job where you regularly receive tips, a recent tax change may affect your federal income tax return. A new “No Tax on Tips” deduction was created under the One Big Beautiful Bill Act (OBBBA), and final rules have now been issued explaining how the deduction works.

Swipe for a brief overview of the “No Tax on Tips” deduction and the newly finalized rules.

If you have questions about how this deduction will apply to your 2026 return, don’t hesitate to reach out. I am here to help you take advantage of the rules that will benefit you the most.

Managing payroll can be one of the most critical and challenging aspects of running your company. Balancing compliance a...
09/01/2026

Managing payroll can be one of the most critical and challenging aspects of running your company. Balancing compliance and regulations is essential to avoiding penalties and keeping employees happy. Swipe to learn how a payroll checkup can help your business.

Want to learn more about payroll checkups or have other tax- or accounting-related questions? Give us a call. We're here to help.

Year-end is one of the best times to revisit your giving strategy and make sure you are not leaving any tax benefits on ...
08/31/2026

Year-end is one of the best times to revisit your giving strategy and make sure you are not leaving any tax benefits on the table. A few thoughtful moves before the year closes can make a real difference when it comes time to file.

Swipe through for key important planning areas to review before 2027 begins, including charitable giving, required minimum distributions (RMDs), and organization.

The final stretch of the year often passes quickly, and some planning opportunities won't be available once 2026 draws to a close. Reach out today, and let us help you finish the year on strong footing.

As payroll specialists, we often run into questions from business owners about what payroll deductions are and why they ...
08/28/2026

As payroll specialists, we often run into questions from business owners about what payroll deductions are and why they matter. So, we wanted to share a brief overview.

Payroll deductions are amounts subtracted from your employees' gross wages before their net pay is deposited into their bank accounts. These can include mandatory deductions such as federal and state income taxes; Federal Insurance Contributions Act (F**A) taxes, which fund Social Security and Medicare; and voluntary deductions such as retirement plan contributions and health insurance premiums.

Understanding how deductions work is an important part of staying compliant and keeping your team informed. So, if you have questions about payroll for your business, don't hesitate to reach out to our team today. We are here to help.

This time of year, giving is top of mind for many, making now a great time to ensure your generosity also works for you ...
08/27/2026

This time of year, giving is top of mind for many, making now a great time to ensure your generosity also works for you come tax season. A little planning can help ensure your charitable donations are both meaningful and tax-smart. Swipe to learn more.

If you'd like to strategize your giving or see how your donations could impact your return, feel free to reach out. We are happy to help you close out the year on a generous (and tax-efficient) note.

Setting up payroll for the first time is one of the most important steps you will take as a new business owner. Getting ...
08/26/2026

Setting up payroll for the first time is one of the most important steps you will take as a new business owner. Getting it right from the start can save you significant time, money, and stress down the road.

Swipe through for a few key best practices to help you build a payroll system that is accurate, compliant, and ready to grow with your business.

Have questions about setting up payroll for your business? Do not hesitate to get in touch. We are here to help.

Classifying workers correctly is an important part of running a business. Whether someone is an employee or an independe...
08/25/2026

Classifying workers correctly is an important part of running a business. Whether someone is an employee or an independent contractor affects payroll taxes, reporting requirements, benefits, and the level of control your business has over the work being performed.

Swipe through for a closer look at the key differences and why proper classification matters.

We hope you find this guide helpful. As always, if you have questions about worker classification, payroll setup, or your business's tax responsibilities, give our office a call. Our team is here to help you make informed decisions.

2027’s tax season may feel like it's far away, but some of the best tax planning opportunities happen well before Decemb...
08/24/2026

2027’s tax season may feel like it's far away, but some of the best tax planning opportunities happen well before December 31st. The decisions you make over the next few months can have a meaningful impact on your tax bill, so now is an excellent time to review your financial situation and identify opportunities before the year comes to a close.

Swipe for a few planning ideas to keep on your radar.

Tax planning for 2027 is most effective before December 31st — not after. A proactive conversation now may uncover opportunities to reduce taxes, avoid surprises, and put you in an advantageous position before year-end.

If you'd like to review your situation or discuss year-end planning strategies, we’d be happy to schedule a time to talk. Our team is here to be a resource for you.

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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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