MRM CPAs and Wealth Advisors

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MRM CPAs and Wealth Advisors We are CPAs, Investment/Wealth Managers, and Real Estate Investors.
*Any investment in securities involves the risk of loss.

Past performance does not guarantee future results.

10/16/2026

The first audit has a heavy learning curve. The team is documenting processes, understanding controls, and working through how the company actually operates.

By the second and third year, the auditor has enough context to notice where the accounting process slows down, where one control is carrying too much weight, or where a company that wants to double in size still has the finance function of its earlier stage.

Brian explains why continuity matters. Familiarity with the business can turn the audit from an annual exercise into more useful operating advice.

Explore MRM CPAs and Wealth Advisors audit and assurance services. https://bit.ly/4zt8m7m

Disclosure: For informational purposes only. This content provides general information about audit and assurance services and does not constitute personalized accounting, financial, tax, or legal advice. Audit procedures, findings, and outcomes vary based on each company's circumstances.
Full disclosures: https://bit.ly/4zuqMES

You don’t have to choose between holding a concentrated stock position forever and selling it outright.I talk to a lot o...
10/14/2026

You don’t have to choose between holding a concentrated stock position forever and selling it outright.

I talk to a lot of people with a significant portion of their net worth tied to one company. It may be a business they built, stock accumulated over a long career, or a position they’ve held for so long that selling feels like giving up on a decision that worked.

They understand the risk. They also understand the capital gains tax waiting on the other side of a sale. So the position stays in place year after year, and doing nothing becomes the decision. Meanwhile, one company continues to have an outsized impact on a family’s financial future.

There are several ways to approach this without simply selling the position and paying the tax all at once. You can hedge some of the downside while creating liquidity, build capital losses elsewhere in the portfolio to offset gains as you sell, or use certain tax strategies to defer gains and potentially reduce the overall tax impact. In many cases, the best answer isn’t one strategy, but a combination of several over time.

None of these are one-size-fits-all. The right approach depends on the stock, cost basis, size of the position, liquidity needs, and what the family is ultimately trying to accomplish. Each strategy has its own trade-offs and requires coordination across investment, tax, legal, and risk planning.

The question underneath all of it is pretty simple:

How much of your family’s future do you want one stock to control?

If one stock represents a large share of your wealth, it’s worth understanding what options exist before deciding to do nothing.

Disclosure: For informational purposes only. This content does not constitute personalized investment, tax, or legal advice. Investment and tax strategies involve risks, and their suitability and outcomes depend on individual circumstances. There is no guarantee that any strategy will reduce risk, defer taxes, or achieve a particular result. Consult a qualified professional before making investment or tax-related decisions.
Full disclosures: https://mrmcpas.com/legal-disclosures/

A K-1 can feel like the moment a tax problem appeared. Usually, it is the report card for decisions made in the operatin...
10/13/2026

A K-1 can feel like the moment a tax problem appeared. Usually, it is the report card for decisions made in the operating agreement, loan documents, capital accounts, and transaction papers long before the return was prepared.

That is how a partnership can allocate income without distributing enough cash to cover the tax. It is also how debt relief can create gain during a buyout, or why three partners cannot assume one property sale will produce three clean exit paths.

A 1031 exchange may defer qualifying real estate gain, but a partnership interest generally is not like-kind real property. Basis, debt allocations, contributed property, the waterfall, lender consent, and the order of the steps all need to be reviewed while the deal can still change.

The CPA should not be seeing the structure for the first time when the K-1 is ready.

Bring MRM CPAs & Wealth Advisors into the planning before ownership, debt, or exit terms change. https://lnkd.in/g2jeW5Kk

Disclosure: For informational purposes only. This content is not intended as personalized tax, legal, or financial advice. Tax outcomes depend on individual circumstances. Consult a qualified professional before making financial or tax-related decisions.
Full disclosures: https://lnkd.in/eethYXFH

Trump Accounts may look like a simple savings tool for children, but for high-net-worth families, the long-term planning...
09/29/2026

Trump Accounts may look like a simple savings tool for children, but for high-net-worth families, the long-term planning opportunity could be much bigger.

Under current guidance, these accounts could create a unique combination of early tax-advantaged growth and a potentially valuable Roth conversion window in young adulthood. With the right planning, that could turn a relatively modest starting balance into a meaningful multigenerational asset over time.

The rules are still evolving, which makes early planning especially important.

In our latest blog, Neal Patel, Partner and Private Wealth Advisor at MRM, shares his perspective on how Trump Accounts could fit into a broader wealth strategy and what families should be thinking about now.

Read the full article to learn more: https://lnkd.in/eDATXMSq

09/22/2026

Well said, Abby Arnold, CPA! Our integrated approach across tax, accounting, and wealth management services is a big part of how we serve our clients and keep the full picture in view.

And having some fun along the way helps too. 😊

09/16/2026

Denny went around the office trying to get some tips on how to deal with an annoying coworker... (really hoping that was a hypothetical question, Denny! 😆) We were relieved to find this was the only question that stumped our team today.

09/14/2026

One of the most common questions clients ask is:

"How do I make a payment to the IRS?" Travis Kemp, CPA, is here to answer that question.

While it seems like it should be simple, there is a major complication you need to know: the IRS no longer accepts paper checks.

To make your payment, you will need to use the online portal on the official IRS website:
• Go to IRS.gov: Navigate to their dedicated payment portal.
• Verify your identity: The system will ask for simple details like your name and address, which must match your prior tax return.
• Choose your payment method: Once verified, you can easily make your payment via a direct draft from your bank account or even with a credit card.

Using the IRS.gov website is the absolute best way to ensure your payments are handled securely and efficiently.

09/10/2026

"Do I need an audit to sell my company?"

Not as a requirement, no. But it comes up almost immediately anyway.

Listen in as Brian E. Lawyer, CPA, answers (or read more below).

One of the first things a diligence firm does is ask to review your audit or review work papers. It's expected in the industry, and "we've never had one" is a slower answer than sellers think.

Q: Who asks for them, the buyer or my own team?
A: Both. The seller's diligence firm wants to see the work papers, and the buyer's team will want them as part of the purchase process. So this isn't a document you produce once for one audience.

Q: Why work papers instead of the financial statements?
A: Because the statements are the output. The work papers show you already went through the process of supporting your balance sheet amounts to an outside auditor who was paid to question them. That history is what a buyer is actually reading.

Q: When should you start preparing for due diligence?
A: Several years before a potential transaction. Both of the clients I'm working with right now had been through an audit or review for years before anyone was at the table, and it shows.

Q: What do diligence teams focus on?
A: Internal controls, always. Accounting policies generally, and revenue recognition in particular. Starting early gives you time to clean up the accounting rather than explain it under deal pressure.

A successful sale can also create one of your largest tax bills.Waiting until after a business sale, real estate transac...
09/03/2026

A successful sale can also create one of your largest tax bills.

Waiting until after a business sale, real estate transaction, or concentrated stock event can limit your planning opportunities.

MRM works with clients year-round to coordinate tax strategy, investment planning, and capital gains management, helping important decisions happen while more options are still available.

Learn more: https://bit.ly/4vKXShi

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3001 Dallas Pkwy, Ste 750
Frisco, TX
75034

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

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