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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: Oct 16 2018

Cash or Full Accrual Budgeting for Your Small Business?

At some point, every small business owner will need to make an important decision: should they use cash or accrual budgeting for their company? Businesses use both the cash basis and full accrual basis of accounting and budgeting in their operations. There are advantages and disadvantages to both of these options, and you should consider talking with an accountant to learn about how these methods will impact your business. 

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

Do You Struggle With Cash Flow Management?

Cash flow management can make-or-break a company, and if you aren't properly managing the flow of your money, then you are setting your business up for failure. If you want to achieve long-term success with your company, then you need to make sure that you have cash available at all times. 

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Posted by: Charles P Myrick CPA Posted on: Aug 21 2018

Do You Know What Your Small Business is Worth?

If you’re like most small business owners, you have a serious problem on your hands. You don’t know how much your business is worth. You have so much of your own money and your own assets tied into it that it is impossible to get a value. Actually, you can get a business valuation, but you will need some help.

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Posted by: Charles P Myrick CPA Posted on: Aug 14 2018

Why Successful Landlords Make the Change to Accounting Software

As a real estate investor, accounting is part of your daily life. You have to monitor the cash flow in, and make sure you’re managing your outflow in a profitable manner. For many investors, a paper accounting system is the one they know and use. However, if paper is holding you back, do what other successful landlords have done and make the switch to an accounting software program. 

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Posted by: Charles P Myrick CPA Posted on: Jul 10 2018

10 Overlooked Secrets to a Successful Small Business

It is easy for small business owners to get stuck with questionable business practices, especially when they are in the early stages of development. Sometimes in the zeal to achieve profitability and success, the employees and management take shortcuts. Here are ten frequently overlooked secrets about small business management that will help your company achieve success:

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Posted by: Charles P Myrick CPA Posted on: Jun 21 2018

Is Virtual Accounting the Best Solution for Your Small Business?

The lack of robust accounting systems is one of the primary reasons that small businesses fail. Small business record keeping can be a thorn in every business owner’s side, and many companies are now turning to virtual accounting services. Here are some the advantages they find: 

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

How to Finance Your Investment in Real Estate

For the most part, it’s a great time to be a real estate investor: interest rates are low, and home values are climbing in most areas. In fact, metro areas like DC are growing rapidly, which means there’s a good chance you’ll get high returns from your investment.

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Posted by: Charles P Myrick CPA Posted on: Apr 24 2018

Advice for Becoming a Successful Landlord

Being a good landlord takes practice, and no matter how much you read, there really isn’t a substitute for experience. But if you are thinking about investing in rental property or you are a new rental property owner, there are a few basic rules that will help you hit the ground running.

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

Do You Pay More Than You Should At Tax Time?

 

Taxes. If you are self-employed, the myriad tax rules that apply to your income may dampen your entrepreneurial spirit. Especially when you are preparing to file your return. But, taxes don’t have to be such a burden. Take advantage of the immediacy of your situation - what better time to do some planning than while everything is fresh in your mind. Here's some advice on how to get an early start on tax planning strategies for this year: 

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