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Posted by: Charles P Myrick CPA Posted on: Feb 18 2021

Strategic Tax Planning - Why It Matters and When It Should Start

Most business owners are familiar with financial planning. It makes sense to formulate a vision for your personal or company goals and how to achieve them. Financial planning deals with how resources are acquired and leveraged to reach those goals. Strategic tax planning, though different, is just as important. Strategic tax planning should go hand-in-hand with financial planning.

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

Getting to Zero - Why You Don't Want a Tax Refund

Many people think of spring as a special time for getting your income tax refund. We dream about how we want to spend it all year, on anything from a vacation to splurging on an expensive item we couldn’t usually afford. And why not? It’s an unexpected windfall from the government, right?

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Posted by: Charles P Myrick CPA Posted on: Feb 04 2021

Business Budgeting for an Uncertain Year

Unless your industry was one of the few that were helped by the 2020 pandemic, your small business has likely experienced financial and other difficulties and may still struggle. With all the economic upheaval, social movement, government programs, executive orders, and administrative changes still going on, it may be difficult to estimate your company’s 2021 budget needs and expectations.

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Posted by: Charles P Myrick CPA Posted on: Jan 28 2021

Tax Forms and Tips for Landlords

If you are new to owning rental properties, you might have many questions about your investment’s tax implications. You could file a few different tax forms, with differing purposes, depending on the actual services you supply. There are also several other considerations regarding rental tax filing and amounts due.

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

6 Financial Stability Resolutions for Your Small Business in 2021

The end of one year and the beginning of the next should always prompt small business owners to think about their business resolutions for the coming year. This is true for 2021 more than any other recent year, after enduring what 2020 brought. These six resolutions not only apply to most small businesses for the coming year but are useful for years to come.

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Posted by: Charles P Myrick CPA Posted on: Dec 17 2020

It's Not Too Early to Plan for 2020 Tax Filing

The year 2020 was a topsy-turvy year, financially, for most Americans. Some were able to continue working and earning with little or no interruption, while at the other end of the spectrum, some lost their livelihoods. Some were ineligible for unemployment and many others landed somewhere in between. Whatever your situation, this would be the year to start your tax preparation early with a virtual consultation and planning meeting.

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Posted by: Charles P Myrick CPA Posted on: Dec 03 2020

Don’t Fall for Phone or Email Scams

Scams by phone or email have been around for years. With COVID-19 dominating 2020, scammers have become more creative and relentless. Between online shopping and year-end fundraising, the season will almost certainly include attempts by scammers to get your money.

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Posted by: Charles P Myrick CPA Posted on: Oct 22 2020

Rewrite a Business Plan for a Fresh Start During C0VID-19

Your business has undoubtedly been affected by the COVID pandemic. If it was once prosperous and viable, it can one day again be successful, even in a future which may never go back to “normal.” Pivoting is returning to a business model that existed during your startup to make possibly large or extreme adjustments to accommodate new growth or a changing external business environment. In the case of COVID-19, the business environment is almost alien, and to survive and thrive, pivoting to embrace and make changes is necessary.

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Posted by: Charles P Myrick CPA Posted on: Sep 29 2020

Rethinking Overhead in a New Virtual World

The world of business has changed in ways that were unimaginable just a few months ago. The change has been coming for a long time. Still, with the recent pandemic, quick advances in the virtual office, sales, meetings, customer service, and other aspects of doing business have been thrust upon large and small companies alike throughout the globe. While this brought many technical and procedural challenges, it’s also changed the nature of business overhead costs.

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Posted by: Charles P Myrick CPA Posted on: Sep 17 2020

How to Predict a Cash Shortage

What does the future hold for your small business finances? Positive cash flow is crucial for maintaining business operations and paying employees. If you don’t manage your finances appropriately, you risk cash shortages to pay your expenses when sales slow down. Fortunately, there’s a way to help you see ahead to prevent these issues and help your business grow. Here’s how you can predict a cash shortage and prevent it from affecting your business.

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