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Author Archive for: ‘Charles P Myrick CPA’

Posted by: Charles P Myrick CPA Posted on: Nov 28 2019

From Tax Preparation to Financial Planning

I tell all my clients that 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. Think about how much of your life involves bills, taxes, purchases, contracts, etc. When it comes to financial planning, why not take advantage of the time you spend preparing for your tax filing and reconnect with your CPA to develop a financial plan for building wealth. 

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Posted by: Charles P Myrick CPA Posted on: Nov 21 2019

How to Manage the Finances of Your Rental Properties

I talk with clients who want to invest in real estate. Some might be starting as a part-time landlord doing much of the maintenance and work. For others, it's a significant investment, and they are running a large operation with employees and many tenants. I advise all of them how important it is to do a good job of managing finances.

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Posted by: Charles P Myrick CPA Posted on: Nov 14 2019

Boost Your Small Business Growth 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. I know, there are so many competing interests, but there are important business duties that can ensure a successful year when the calendar flips over. Solid year-end tax planning helps you know where you stand in 2019 and how to prepare for 2020.

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Posted by: Charles P Myrick CPA Posted on: Nov 07 2019

What Makes a Successful End-of-the-Year Giving Campaign?

I talk with church leaders about fundraising. The end-of-year holidays are one of the most strategic times for collecting donations. We call it the giving season. Every non-profit ministry in the country will make appeals to the members of their church for financial support. What makes these appeals successful?

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Posted by: Charles P Myrick CPA Posted on: Oct 31 2019

How to Save Money With Year-End Tax Planning

It's no secret that the last quarter of any year is a busy one for those who wants to get a jump on tax planning and preparation. With holidays and shopping competing for your attention it’s easy to lose your focus on long-range financial planning. I understand completely. However, it's smart to look at ways you might minimize your tax liability. 

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Posted by: Charles P Myrick CPA Posted on: Oct 24 2019

Is an LLC the Best Fit For Your Small Business?

I help many small businesses with tax planning and filing. Many new entrepreneurs have to decide between an LLC (limited liability company) and a sole proprietorship. The truth is that, although the selection of a business entity is an essential decision, there isn’t one single answer to the question of LLC vs. sole proprietor. The implications for liability and tax status are two of the issues to consider.

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Posted by: Charles P Myrick CPA Posted on: Oct 18 2019

How to Prepare Yourself to Be a Successful Investor

As a CPA I help lots of individuals with tax preparation and filing. Many of them are interested in building assets through investing. From a tax perspective, investments are a solid way to increase longterm assets. I advise my clients to work with a financial advisor. It takes time and patience to build wealth. 

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Posted by: Charles P Myrick CPA Posted on: Oct 10 2019

Is Your Church Vulnerable to Fraud?

In my work with church audits, I sometimes have to report evidence of possible fraud – questionable charges, missing money, etc. It's a tough report to make since no one wants to accept that financial fraud takes place in a church. How can church leaders enact measures to prevent internal theft and fraud without making it seem that no one can be trusted?

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Posted by: Charles P Myrick CPA Posted on: Oct 03 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. 

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

Can You Lead a Successful Nonprofit?

In my work with nonprofit organizations, I see how critical their work is for the health of a community. I am also aware that many struggle with financial challenges. Successful nonprofits tend to have leaders that know how to maximize financial resources. They use concrete strategies to do so.

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