Call Today: (202) 789 - 8898

Author Archive for: ‘Charles P Myrick CPA’

Posted by: Charles P Myrick CPA Posted on: Jul 16 2019

How Can You Benefit From Hiring a Property Manager?

When I meet with clients for tax planning, I show them how the tax code favors small business. Even if they have a good job, adding a side business is beneficial. Investing in rental properties is one example. But, real estate investing is not for everyone - managing property or being a good landlord takes practice. That’s why many successful real estate investors and landlords depend on their property management companies. 

Read More →
Posted by: Charles P Myrick CPA Posted on: Jul 10 2019

Is Cash Flow a Challenge for Your Small Business?

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. 

Read More →
Posted by: Charles P Myrick CPA Posted on: Jul 02 2019

How to Use Tax Planning for Wealth Building

I tell all my tax preparation clients that the true key to building wealth lies in building assets. A savings account in a bank is not the answer. Bank accounts have low interest rates, so you will barely make any money. However, a solid investment strategy and smart tax planning will allow your money to work for you.

Read More →
Posted by: Charles P Myrick CPA Posted on: Jun 25 2019

Five Ways to Boost Church Giving in the Summer

Through my work with churches I know that it's common for churches to experience a lull in giving during the summer months. Members go on vacation and don’t donate money while they’re away, or they sometimes neglect to give during the summer in order to save for other activities. 

Read More →
Posted by: Charles P Myrick CPA Posted on: Jun 18 2019

The Security Value of Investing in Real Estate

Lately I have been talking with my clients about the value of having multiple streams of income. It's a way to protect yourself from the financial damage of job loss. As a small business owner you can't be fired or retired from your source of income. Moreover, adding additional income to your budget is an effective way to boost your wealth building and security in uncertain times.  

Read More →
Posted by: Charles P Myrick CPA Posted on: Jun 11 2019

CFO Services: Your Small Business Competitive Edge

I meet with a variety of small business owners and am always impressed by the passion these entrepreneurs have for their businesses. As the tax and finance guy, I know how crucial cash flow is to the success of every enterprise. I also know that cash flow issues are among the leading causes of business failure in the United States. A solid financial management strategy is needed.

Read More →
Posted by: Charles P Myrick CPA Posted on: Jun 06 2019

What You Should Know About Your Retirement Plan

 

When I talk with clients about financial planning I include the importance of a durable approach to retirement. My message? Whether you are starting your career or have been at it for a while, you should be taking advantage of the retirement plans that are available. 

Read More →
Posted by: Charles P Myrick CPA Posted on: May 30 2019

Do Your Church Collections Go Down in the Summer?

Pastors that I talk with tell me that the summer months can be hard on their church collections. Historically speaking, church attendance declines in the summer months as families go on vacation or merely stay away to avoid the heat. For churches that rely on the Sunday collection plate for most of their income, this can be a hard time. 

Read More →
Posted by: Charles P Myrick CPA Posted on: May 21 2019

Do I Need a Small Business Advisor to be Successful?

You are ready to dive into your new business venture, but you have one question that is holding you back. Do you need a business advisor? Small business colleagues have differing points of view. Here are some questions to consider that will help you decide if you should hire an advisor for your small business.

Read More →
Posted by: Charles P Myrick CPA Posted on: Apr 09 2019

How to Make Money in Real Estate

Some of my clients have been successful in real estate investing. As landlords and property owners they are using assets to build wealth. Do I think real estate investing is a sound way to make money? Yes, for those who understand the fundamental factors of economics and risk, real estate can be a solid investment.

Read More →