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Author Archive for: ‘Charles P Myrick CPA’

Posted by: Charles P Myrick CPA Posted on: Apr 04 2020

Stimulus Funding for Self-Employed and Small Businesses During the Pandemic

The world has changed in recent weeks and virtually everyone has experienced some kind of effect from the pandemic. Both health and the economy are under siege.  We each need to do our part to stay as safe as possible and limit the spread of the virus by following CDC and state guidelines. We also have the opportunity to tap into financial relief sources that are rolling out now, for individuals, businesses, and nonprofits.
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Posted by: Charles P Myrick CPA Posted on: Apr 03 2020

Stimulus Funding for Individuals and Small Businesses During the Pandemic

The world has changed in recent weeks and virtually everyone has experienced some kind of effect from the pandemic. Both health and the economy are under siege.  We each need to do our part to stay as safe as possible and limit the spread of the virus by following CDC and state guidelines. We also have the opportunity to tap into financial relief sources that are rolling out now, for individuals, businesses, and nonprofits.
Read More →
Posted by: Charles P Myrick CPA Posted on: Mar 03 2020

Retirement Planning for the Self-Employed

How old do you have to be to start thinking about planning for your retirement? It’s never too early, but when is it too late? Even later in life there are a number of ways to prepare for retirement, but what if you’re self-employed? You may be surprised to hear that you have many similar options as those who are employed by others.

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Posted by: Charles P Myrick CPA Posted on: Feb 14 2020

How to Think Like an Entrepreneur

While anyone can start a business, not everyone can make it a successful one. Entrepreneurs don’t think like everyone else. They see everything outside the mainstream mindset, with a new idea at the start of each day. If you want to be successful in life or work or starting your own business, you might want to start thinking like an entrepreneur.

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Posted by: Charles P Myrick CPA Posted on: Feb 04 2020

Tax Benefits of Multiple Income Streams

Today’s market can be volatile, and there are many good reasons to diversify ways of generating income. To consider the tax benefits of multiple income streams, first, let’s look at the general reasons to have more than one source of income:

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Posted by: Charles P Myrick CPA Posted on: Jan 28 2020

Turn Your Hobby Into a Business

Many dream of earning a living doing what they already love to do. What if you could turn that hobby from being a costly personal expense into a money-generating side hustle, or even your main business? The IRS no longer allows deductions for hobby expenses, but business expenses are eligible. Statistics suggest that one out of every five Americans will start their own business in the coming year. If you want to be one of those entrepreneurs, there are a few things to keep in mind to get it right.

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Posted by: Charles P Myrick CPA Posted on: Jan 14 2020

Why Hire a CPA to Do Your Taxes?

Tax laws have gotten complicated in recent years and professional CPAs not only keep up with tax law changes, but also know how to use them to a client’s advantage. In fact, there are many situations in which hiring a CPA could save you a lot of money.

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Posted by: Charles P Myrick CPA Posted on: Jan 07 2020

Personal Finances Tip: Don't Overpay Your Taxes

In order to save money you may do your own personal income tax every spring. While that might seem like good money management, there are a lot of ways you can pay too much without knowing it. Read on to learn a few signs that may indicate whether you are paying more than you need to.

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Posted by: Charles P Myrick CPA Posted on: Dec 26 2019

Cash Flow Helps Nonprofits Thrive on Limited Resources

In my work with nonprofits I see that any organization without a substantial base of operating cash can experience cash flow problems. Small to mid-size nonprofits are often localized in an area without a large number of resources to draw from. The most important way to make the most of the resources your nonprofit has is to manage your cash flow.

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Posted by: Charles P Myrick CPA Posted on: Dec 20 2019

How to Reduce the Tax Burden for Your Rental Property

Are you a landlord or real estate investor who pays too much in taxes? Most rental property owners already have experience owning their own homes or other business. They might be surprised by how many tax deductions and other actions they can take to reduce the tax burden for investment property like rental property.

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