Tax Diva Services

Tax Diva Services Location in Springfield MO 2627 W Republic Road

08/07/2026

Dear Missouri Retailers and Business Owners,

The Department of Revenue (DOR) is issuing this letter to provide information regarding recently passed legislation (HB 2819 that goes into effect August 28, 2026) that allows vendors to round purchase totals on cash transactions.

The purpose of this legislation is to simplify low‑denomination cash handling, reduce reliance on pennies, and ensure proper sales tax collection and remittance.

Key Provisions for Retailers and Businesses

Rounding applies only to CASH transactions.
Rounding may be used only on the final total of a purchase, after all items, discounts, and taxes have been calculated.

Round Down: Final cent totals ending in 1, 2, 6, or 7
Round Up: Final cent totals ending in 3, 4, 8, or 9
Examples:

A $1.92 total rounds down to $1.90.
A $1.93 total rounds up to $1.95.

Non‑cash payments must NOT be rounded.
Credit, debit, mobile/online payments, checks, or any non‑cash method must reflect the exact calculated amount with no rounding.

Rounding does not change your tax obligations.
Sales tax must continue to be calculated and remitted exactly as required. Rounding affects only the customer‑facing cash total not the tax you report.

Good‑faith protection is included.
Businesses that follow the law’s rounding rules in good faith are not considered in violation of any state or local regulation or standard.

No impact on local tax distribution.
The state’s existing process for handling under‑remitted local taxes remains unchanged.
What This Means for Your Business

You may begin using penny‑rounding on cash transactions starting August 28, 2026.
You are not required to round; this is optional.
There are no changes to how you calculate, report, or remit sales tax.
You may want to update staff procedures or point‑of‑sale instructions to ensure rounding is applied properly and only when allowed.
Need Assistance?

If you have questions or want help implementing this change, please contact the Missouri Department of Revenue. We are committed to supporting retailers as the new law takes effect.

Sincerely,

Missouri Department of Revenue

07/14/2026

The 2026 IRS standard mileage rates vary depending on the half of the year. For the second half of 2026 (July 1 to December 31), the business rate is 76 cents per mile. For the first half of the year (January 1 to June 30), it was 72.5 cents per mile

07/07/2026

Trump launches child investment accounts with Wall Street opening bell ceremony
President Donald Trump marked the launch of the new Trump accounts by ringing the opening bells of both the New York Stock Exchange and Nasdaq from the White House, describing the government-backed savings initiative as a way to help build wealth for American children. The tax-advantaged accounts, which officially launched on July 4th, provide a $1,000 government contribution for eligible children born between 2025 and 2028, with additional contributions from corporations, philanthropists, and individuals. The event featured senior executives from the NYSE, Nasdaq, and several major companies, alongside Treasury Secretary Scott Bessent. Mr. Trump said approximately $800m in new capital would be invested through the program during its first week. Mr. Trump also used the ceremony to highlight his economic agenda ahead of the midterm elections, suggesting the program could eventually be expanded by drawing on elements of Australia's retirement savings system. Initial investments in the accounts will be directed into the State Street SPDR Portfolio S&P 500 ETF, with additional investment options from firms including BlackRock and Vanguard available later.

04/07/2026

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517 Jefferson
Ava, MO
65608

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

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