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Posted by: Charles P Myrick CPA Posted on: Sep 25 2018

Is a Budget the Right Tool For Your Church?

A church needs to be financially healthy to carry out its planned mission. A budget is a necessary tool for achieving the congregation's goals. It can serve as a roadmap for planning and decision-making. Here's why:

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Posted by: Charles P Myrick CPA Posted on: Sep 18 2018

What Are the Advantages of a Roth IRA?

Today young workers are encouraged to start savings and asset building strategies as early as possible. A valuable asset to most individuals is their retirement account. A common question is whether to choose a traditional (tax-deferred) or a Roth option. 

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Posted by: Charles P Myrick CPA Posted on: Sep 11 2018

Do You Struggle With Cash Flow Management?

Cash flow management can make-or-break a company, and if you aren't properly managing the flow of your money, then you are setting your business up for failure. If you want to achieve long-term success with your company, then you need to make sure that you have cash available at all times. 

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Posted by: Charles P Myrick CPA Posted on: Sep 05 2018

How to Lead Your Nonprofit to Financial Success

Nonprofits address critical needs in the community. They promote awareness of issues, provide services that might otherwise be unmet, and can organize a community to make a difference. Unfortunately, nonprofits also tend to struggle with financial challenges. Successful nonprofit leaders, use concrete strategies to maximize financial resources.

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Posted by: Charles P Myrick CPA Posted on: Aug 28 2018

Want to Avoid a Tax Audit? These Things Are Triggers

Summer is the season for tax audits. You may have forgotten all about the tax preparation process of last winter. Realistically, the chances for an individual audit are low - around 0.6 percent or about one in every 160 returns. However, tax preparers advise that it’s important for their clients to be aware of the triggers. Here are some of the things that the professionals pay attention to as they prepare your tax return:

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Posted by: Charles P Myrick CPA Posted on: Aug 21 2018

Do You Know What Your Small Business is Worth?

If you’re like most small business owners, you have a serious problem on your hands. You don’t know how much your business is worth. You have so much of your own money and your own assets tied into it that it is impossible to get a value. Actually, you can get a business valuation, but you will need some help.

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Posted by: Charles P Myrick CPA Posted on: Aug 14 2018

Why Successful Landlords Make the Change to Accounting Software

As a real estate investor, accounting is part of your daily life. You have to monitor the cash flow in, and make sure you’re managing your outflow in a profitable manner. For many investors, a paper accounting system is the one they know and use. However, if paper is holding you back, do what other successful landlords have done and make the switch to an accounting software program. 

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Posted by: Charles P Myrick CPA Posted on: Aug 07 2018

Do Costly Repairs to Your Church Create a Fiscal Crisis?

Church leaders and their congregations know the importance of maintaining the structure that houses their ministry. They want to preserve the value of the building for future generations, protect their assets, and maintain the safe and efficient operations of the facility. Unfortunately, churches frequently find themselves addressing problems of deterioration and safety as they happen, often without the necessary funds.

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Posted by: Charles P Myrick CPA Posted on: Jul 25 2018

How to Go From Tax Planning to Wealth Building

The true key to building wealth lies in building assets. Regardless of how much money you make, you can build wealth over time through assets. Some people think that putting money in a savings account is a good as making an investment. However, it is impossible to build wealth if you just have money in a bank account. Bank accounts have low interest rates, so you will barely make any money. On the other hand, your money works for you when you invest it. 

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Posted by: Charles P Myrick CPA Posted on: Jul 17 2018

Successful Nonprofits Know That All Funds Are Not Equal

Nonprofit organizations play an essential role in communities. They deliver services, provide advocacy and education, and improve neighborhoods. Financing of the programs, staffing and infrastructure is a critical element for the mission. Behind the scenes, many nonprofits become preoccupied with bringing in more money.

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