Missouri Chapter of NATP

Missouri Chapter of NATP The mission of the Missouri Chapter, is to have a place to post new information, and reach our membership. Deana L. Parsick- President

08/10/2026

The Value of In-Person Continuing Education
The pandemic of 2020 to 2022 seems to have rung the
death knell of in-person continuing education. Quarantines
and distancing requirements made webinars or on-line con
tinuing education the norm. Besides, who doesn’t love to
attend these events in PJs from the comfort of our own
home office / sofa / kitchen table? The same is often true
for presenters—they can make the same money without all
of the travel and hassle in-person events present. Thus,
availability and attendance of in-person events have cra
tered over the last five years.
However, there is a significant case to be made for attend
ing these events in-person. For starters, networking via a
webinar is nonexistent, yet for many of us, it is the net
working opportunities that provide as much of the learning
as the teaching itself. Accountants, as I often explain to cli
ents, tend to be introverts. We tend to be the wallflower at
parties our bosses or spouses drag us to. We often find
meeting other people intimidating. Yet, meeting other ac
countants is somehow easier since we can talk numbers
without really making small-talk. Thus, is born our kind of
networking.
As an example, the owner of our company and I attended
an event just over a month ago. Seated next to us were peo
ple we’d seen in the past, but barely knew. In the course of
conversation, we naturally discussed our practices. By the
end of the day, we had exchanged contact information and
gone our separate ways. Not a month later, we received a
phone call from one of our new contacts. They had a client
who needed work done that their firm did not handle—
would we be able to assist her client. The work was right in
our wheelhouse and the rest is history.
Another reason to attend in-person learning events is the
opportunity to ask questions directly of the speaker. We’ve
all been on webinars that are pre-recorded. While there
maybe issues we need clarification on or information on
how the teaching applies to a situation we currently find
ourselves in, there is no way to ask the instructor. Even dur
ing live webinars with the question feed, many are left un
answered or only partially answered with little to no chance
to ask follow-up questions.
As a corollary to this, many times at live events, hallway
discussions during breaks lead us to answers or conclusions
we wouldn’t find via a webinar. How many times does the
interaction with our peers help us solidify thinking in a case
even when we don’t discuss it directly?
The final argument in support of in-person CE events is the
opportunity for more immersive focus. Being away from
the distractions of the office or the home, allows us to focus
on the event, instead of worrying about the family dog
needing to be let out, or the constant stream of office inter
ruptions.
Given the many advantages of in-person events, take the
leap and attend one this fall—maybe even the MO NATP
event in October!
Douglas Osgood, EA

08/07/2026

From the Missouri Department of Revnue:

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

08/06/2026

Steamboat Willie has been preparing his own taxes for the last 10 years, forget
ting to claim the depreciation on the rental home he placed in service in 2015. He
has brought you the mess to cleanup. What IRS form is needed to capture the
missed depreciation? How many years of missed depreciation can be salvaged
from this mess? See Comments for answer. Come to MO NATP Annual meeting and tax seminar October 19 and 20, 2026 to stay up to date on tax law and changes. We look forward to seeing you.

We are offering a Rt 66 Commorative Shirt.  If you would like a shirt, please use this order form with your registration...
07/27/2026

We are offering a Rt 66 Commorative Shirt. If you would like a shirt, please use this order form with your registration for our Annual Meeting and Tax Seminar.

Hi, our Missouri Annual Meeting and Tax Seminar are October 19 & 20, 2026.  Below are the details.  We hope you can join...
07/27/2026

Hi, our Missouri Annual Meeting and Tax Seminar are October 19 & 20, 2026. Below are the details. We hope you can join us. We are excited to have Jared Foos speak this year.

Congrats Kathryn so well deserved you are everything we all strive to be. The never wavering  professional, fantastic te...
07/15/2026

Congrats Kathryn so well deserved you are everything we all strive to be. The never wavering professional, fantastic teacher and an absolutely amazing person. It has been so wonderful everytime you visited Missouri. Thank you for all you do for everyone. We Love You.

02/14/2026

Address

P. O. BOX 330
Ava, MO
65608

Telephone

+14179877457

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