Marr and Company, PC

💼📊 5 Habits of Financially Savvy Business Owners 📊💼

Strong bookkeeping isn’t just about staying organized—it’s about building a foundation for smarter decisions and long-term success.

1️⃣ Record every transaction
2️⃣ Reconcile monthly
3️⃣ Track expenses
4️⃣ Save receipts
5️⃣ Review reports

At Marr CPAs, we help businesses stay proactive, accurate, and financially confident all year long.

📞 Call us at (816) 363-8700 for expert bookkeeping and tax support.

Need to prove that your federal taxes are in good standing? The IRS has introduced a new Tax Compliance Report that taxpayers can download through their Individual Online Account.

The report shows whether required tax returns were filed and taxes were paid on time. It also includes a digital certificate that allows a lender, employer, government agency, or other organization to verify that the document is authentic.

This could make the process easier when applying for a loan, job, government benefit, or another service that requires proof of tax compliance.

Have questions about your tax compliance? Call Marr & Company at (816) 363-8700.



https://www.journalofaccountancy.com/news/2026/aug/taxpayers-can-now-access-irs-compliance-report-online/

Scholarships can provide meaningful financial relief for families of college-bound students—but are they taxable?

Most scholarship awards are tax-free when:

The student is pursuing a degree at an eligible institution.

The funds pay for qualified expenses, such as tuition, required fees, books, and certain supplies—not room, board, or travel.

The award isn’t compensation for teaching, research, or other services.

Some graduate-level awards include an employment component and may be taxable. Taxable scholarship funds could also be subject to the “kiddie tax.”

Every situation is different. Marr & Company can help you understand how scholarship awards may affect your family’s tax picture.

📞 Call (816) 363-8700 to speak with our team.

📊✨ Happy Friday from the Marr team! 🎉

Enjoy your weekend—relax, recharge, and don’t worry if taxes or bookkeeping pop into your head. We’ll be ready Monday to help you sort it all out. ✅💼

📞 Give us a call at (816) 363-8700—we’ll handle the numbers so you can focus on what matters most.

When you’re busy running a business, it’s easy for the books to slip behind—but that can create bigger issues down the road.

Outdated financials can lead to cash flow surprises, missed opportunities, and decisions made without the full picture. Staying current gives you the clarity you need to run your business with confidence.

If you’re behind or just want better visibility, Marr & Company can help you get caught up and stay on track.

📞 (816) 363-8700

Your business can be profitable on paper—and still run short on cash.

Profit measures what remains after expenses, while cash flow reflects the actual money moving in and out of your business. For growing companies, the gap can be especially challenging: suppliers, vendors, and lenders may need to be paid before customer payments arrive.

Understanding both numbers can help you anticipate cash shortages, plan with confidence, and make smarter financial decisions.

Contact us to learn strategies for strengthening your cash flow management.

🚗 IRS Mileage Rate Update for 2026

The IRS increased several standard mileage rates effective July 1, 2026, following higher fuel costs:

• Business use: 76¢ per mile, up from 72.5¢
• Medical and eligible military moving: 23.5¢ per mile, up from 20.5¢
• Charitable use: Remains 14¢ per mile

The rates apply to gasoline, diesel, electric, and hybrid vehicles. Because the rate changed midyear, remember to separate mileage driven before July 1 from mileage driven on or after that date.

Good mileage records matter. Keep a timely log showing each trip’s date, destination, business purpose, and miles driven.

Have questions about how the revised rates may affect you or your business? Contact Marr & Company for guidance.

Happy weekend, from Marr! 💛 I hope you have a truly wonderful and relaxing weekend filled with happiness, laughter, and beautiful little moments. Take some time to rest, enjoy the things you love, and forget about any stress from the week. May your days be peaceful, your heart feel light, and your smile stay bright. You deserve a lovely weekend—enjoy every moment! 😊🌷