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Posted by: Charles P Myrick CPA Posted on: Jan 11 2022

Relief for Student Loan Borrowers

It’s time to talk about student loans to keep our clients up-to-date regarding relief for financial burdens exacerbated by the pandemic. Over 43 million people have student loan debt, which represents debt felt by all of their immediate family members, making student loan debt a subject that affects at least 160 million people’s finances.

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Posted by: Charles P Myrick CPA Posted on: Dec 21 2021

Owe Back Taxes? Here’s What to Know About Overdue Taxes

After a COVID-related pause in collections and enforcement, beginning June of 2021, the IRS has been sending out collection letters to individuals with overdue taxes. By now, many have gotten these letters. While the IRS will undoubtedly tell you to pay up now or face the consequences, you likely have more options than you know about, regardless of how little or how much you owe.

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Posted by: Charles P Myrick CPA Posted on: Dec 02 2021

Build Assets From Income With Smart Tax Strategies

The true key to building wealth lies in building assets. And the first step toward building assets is to get serious about tax planning. Regardless of how much money you make, you can start converting your income into assets using smart tax strategies.

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Posted by: Charles P Myrick CPA Posted on: Nov 24 2021

Small Business Growth Improves with Year-End Tax Planning

The end of the year is always a busy time for business owners. I tell my clients that tax planning is one of the most important activities to schedule in the last quarter of the year. That has never been more true than at the end of the second full year of pandemic and shifting business conditions. Solid year-end tax planning helps you know where you stand in 2021 and how to prepare for 2022.

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Posted by: Charles P Myrick CPA Posted on: Nov 11 2021

Do You Qualify for IRS Debt Forgiveness?

Are you worried about the federal back taxes you might owe? Does the prospect of paying them seem insurmountable? Rather than spending any more time worrying, read below to see if you might be a candidate for reducing debt through an IRS hardship program.

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Posted by: Charles P Myrick CPA Posted on: Oct 07 2021

Income Volatility: How to Save In Uncertain Times

We recently posted a New York Times article "Does Personal Finance Still Work in Our Changing Economy?" on our Facebook page. It opened with references to Income Volatility, an economic situation that many Americans find themselves in today. If irregular employment, inconsistent work hours, and unpredictable income are the new normal in your life, does it mean that you should give up on savings and retirement planning?

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Posted by: Charles P Myrick CPA Posted on: Jun 24 2021

Is That a Light at the End of the Pandemic Tunnel?

With so many unpredictable factors affecting our lives and the economy in 2020, how can we anticipate positive change as this year continues to unfold? The key might be to control what you can and prepare for the tides that could turn either way in the months ahead.

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Posted by: Charles P Myrick CPA Posted on: Jun 14 2021

Extension Filers: Why It's Still A Good Idea to File Sooner Rather Than Later

Some don’t think filing early is a big advantage, especially if they plan to get a refund and won’t be penalized for late returns. Others file extensions to defer paying taxes. Here are some of the reasons you should think seriously about filing your tax return as early as possible from year to year.

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Posted by: Charles P Myrick CPA Posted on: May 20 2021

Cash Flow, Tax Planning, Asset Building: A Wealth-building Trifecta

It doesn’t have to be overwhelming for small business owners and the self-employed with side gigs to manage their wealth-building. It takes putting three simple concepts to work with corresponding plans of action to ensure you have what you need for retirement and other personal financial goals.

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Posted by: Charles P Myrick CPA Posted on: Apr 30 2021

Is It How Much Money You Make or How You Manage It?

With careful management, any amount of money you make can work hard and increase in usefulness and the ability to create wealth, stability, and comfort for you and your family for generations. Conversely, even with an incredibly generous income, if not strategically managed, you can end up with cycles of debt, and chronic financial anxiety.

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