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Posted by: Charles P Myrick CPA Posted on: Nov 07 2014

5 Tips to Audit-Proof Your Business Travel Expenses

If you intend to deduct business travel expenses on your income tax return, you need to keep organized and adequate records. In the event that you are audited, having proper documentation will ensure that you will be able to substantiate your deductions and get the tax savings for which you are eligible.

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Posted by: Charles P Myrick CPA Posted on: Nov 03 2014

How to Take a Tax Loss for Worthless Stock


In the last few years, have you purchased stock in a dot-com that's now out of business?  Do you hold other shares that are now worth only pennies?  In some cases, you may be able to take a tax loss for a worthless security. Here's a quick look at the tax planning rules:

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Posted by: Charles P Myrick CPA Posted on: Oct 27 2014

Selling a Business? Six Common Mistakes for Entrepreneurs to Avoid



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Posted by: Charles P Myrick CPA Posted on: Oct 24 2014

5 Financial Management Solutions That Save Money for Business Owners



There are many ways for businesses to discover where and how to save. Many of these ways are not immediately obvious.  Let’s take a look at 5 surefire ways for your business to save money.

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Posted by: Charles P Myrick CPA Posted on: Oct 18 2014

Use the 80-20 Rule to Improve Your Business ROI

Understanding who your customers are and what they want is essential for growing your business ROI.  For example, can you say which of your customers are the most profitable?  In most businesses, a simple but undeniable axiom exists: 80% of your profits come from just 20% of your clients.  See how this vital rule applies to other categories of customers as well.
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Posted by: Charles P Myrick CPA Posted on: Oct 17 2014

The Buy-Sell Agreement is a Vital Document

Every business should give serious consideration to how the company would deal with the death, disability, or departure of one of the owners. Like a will, a buy-sell agreement (also known as a business continuity or business operating contract) spells out how to distribute assets and other business interests should an owner quit, become disabled, or die.

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