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Posted by: Charles P Myrick CPA Posted on: Jan 08 2019

Important Planning Opportunities in the New Tax Law

As the 2019 tax season gets underway, tax professionals are working with a complex set of changes to the  tax code as a result of the The Tax Cuts and Jobs Act. Amidst the many uncertainties of the new regulations, specific changes afford small business owners some important planning opportunities.  

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Posted by: Charles P Myrick CPA Posted on: Dec 26 2018

Do You Have the Right Kind of Retirement Plan?

 

Have you begun to think about changes to make in the New Year? It's a good time to review your finances and pay particular attention to your retirement plan.  Like most workers, you probably depend on  a combination of employer sponsored and individual plans. There are two primary retirement plan types — 401(k)s and IRAs — and your challenge is to know how to choose the right plan for you. 

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

How Landlords Can Make the Most of the New Tax Law

As the end of 2018 quickly approaches, real estate investors and landlords are reviewing records in preparation for filing tax returns. The tax reform bill, known as the Tax Cuts and Jobs Act, enacted sweeping changes to the Internal Revenue Code that will apply to 2018 returns. Real estate investors and landlords stand to benefit from many of the new law’s provisions. It is important that year-end planning address these changes.

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

Are You Prepared to Take Advantage of the 2018 Tax Deductions?

It’s the time of year when tax professionals are advising their clients to start thinking about tax preparation. It may seem premature – April is months away – but the advice is sound. It’s the first year that the Tax Cuts and Jobs Act will be in effect with many changes for individual filers. The earlier you begin prepping for your 2018 tax filing, the easier it will be for you and your tax professional to find your tax savings in the new law.

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

What Advice Should Churches Give to Their Donors?

For churches, the holidays are one of the most strategic times of the year for fundraising. Donations pick up at the end of the year and are often critical to the financial well-being of the organization. In the flurry of receiving and recording these year-end donations, it is essential to manage their tax filing implications. While you are thanking donors for their generous support, make sure you include this critical filing information.

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

How to Build Assets From Income With Tax Strategies

The true key to building wealth lies in building assets. Regardless of how much money you make, you can start converting your income into assets using tax strategies. The system is set up to go after income instead of wealth. The tax code offers incentives for asset building and your tax professional can advise you on the tax efficient strategies available. 

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Posted by: Charles P Myrick CPA Posted on: Nov 20 2018

What Should I Know About the 2018 Tax Law?

As the end of 2018 quickly approaches, many small business owners are reviewing records in preparation for filing tax returns. The tax reform bill, known as the Tax Cuts and Jobs Act, enacted sweeping changes to the Internal Revenue Code that will apply to 2018 returns. It is important that year-end planning address these changes.

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Posted by: Charles P Myrick CPA Posted on: Nov 13 2018

Boost Your Tax Savings in 2018 With Year-End Planning

The end of the year is always a busy time for business owners. While juggling holiday planning, you also have to take care of some important business duties so you will have a successful year when the calendar flips over. Solid year-end tax planning helps you know where you stand in 2018 and how to prepare for 2019.

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Posted by: Charles P Myrick CPA Posted on: Nov 06 2018

Do You Have Time to be a Hands-On Landlord?

Investing in rental properties can help you reach your financial goals. But, being a good landlord takes practice, and no matter how much you read, there really isn’t a substitute for experience. That’s why many successful real estate investors and landlords depend on their property management companies. They say that a competent property manager can add significant value to the investment. Here are some of the benefits of skilled property management services:

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Posted by: Charles P Myrick CPA Posted on: Oct 30 2018

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

The end of the year holiday season is also the giving season. Church leaders know that the holidays are one of the most strategic times of the year for fundraising. End of the year donations are critical to the financial well-being of the organization. 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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