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Posted by: Charles P Myrick CPA Posted on: Apr 08 2021

Attn Landlords: Tax Filing with Pandemic Losses

Tax time during a pandemic can be complicated for everyone. Landlords adversely affected by the loss of rent payments must understand the tax laws for 2020. There have been some changes and adjustments related to COVID-19 in 2020. We offer some guidance on how those changes interact with existing rental income tax laws.

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Posted by: Charles P Myrick CPA Posted on: Dec 03 2020

Don’t Fall for Phone or Email Scams

Scams by phone or email have been around for years. With COVID-19 dominating 2020, scammers have become more creative and relentless. Between online shopping and year-end fundraising, the season will almost certainly include attempts by scammers to get your money.

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Posted by: Charles P Myrick CPA Posted on: Sep 29 2020

Rethinking Overhead in a New Virtual World

The world of business has changed in ways that were unimaginable just a few months ago. The change has been coming for a long time. Still, with the recent pandemic, quick advances in the virtual office, sales, meetings, customer service, and other aspects of doing business have been thrust upon large and small companies alike throughout the globe. While this brought many technical and procedural challenges, it’s also changed the nature of business overhead costs.

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Posted by: Charles P Myrick CPA Posted on: Jun 19 2020

Making a Case for Weekly Cash Flow Analysis

In this time of COVID-19, managing cash flow is more critical than ever. A new commitment to cash flow planning and management is needed. Projecting the results of reduced income, even if temporary, will guide changes in spending priorities, billing, and business model. In my work with small businesses I have seen how necessary current cash flow projections are to quantify those changes.

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Posted by: Charles P Myrick CPA Posted on: May 18 2020

What Will Your Business Need to Rebound After COVID-19?

What seems true, now, is that when the COVID-19 threats have subsided, the ways of life we knew and counted on before the pandemic will not be returning to us in precisely the same ways. We are at the beginning of a new era, and it can still be hard to imagine. In short, this departure from old ways of doing things is not "temporary."

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Posted by: Charles P Myrick CPA Posted on: May 08 2020

Using Video Chat Platforms to Keep in Touch

Many companies have been using video software to connect remotely for years. However, only recently have we seen almost every industry look for ways to work from home to follow social distancing recommendations due to COVID-19. Small business owners are hard at work imagining new ways to do business; new ways to lead and manage in a future that will rely more heavily on technology than ever before.

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

Suddenly Unemployed in DC, Maryland, or Virginia?

We recently focused on tips and links to resources for small businesses and nonprofits, including churches, that have been adversely impacted by the coronavirus pandemic. Today, we want to focus on resources for individuals in the Washington, DC metro region who have lost their employment due to COVID-19.

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Posted by: Charles P Myrick CPA Posted on: Apr 06 2020

Churches: Apply Now for Forgivable SBA Paycheck Protection Loans

Sometimes it doesn't pay to reinvent the wheel, and this is one of those times! This special blog post includes, in its entirety, an important and time-sensitive message for church leaders, from the Rev. Saeed Richardson, Program & Operations Officer at the Samuel DeWitt Proctor Conference.

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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 self-employed individuals, businesses, and nonprofits.
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