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Posted by: Charles P Myrick CPA Posted on: Oct 11 2016

Cash vs. Accrual: How Do Small Businesses Decide?

When setting up your small business accounting system, one important decision needs to be made before you can move forward: do you want to use cash or accrual based accounting? There are pros and cons to both of these options, and a qualified accountant can help you determine the best approach for your business needs.
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Posted by: Charles P Myrick CPA Posted on: Oct 04 2016

Tax Planning Strategies for Entrepreneurs

 

Taxes. If you are self-employed, the myriad tax rules that apply to your income may dampen your entrepreneurial spirit. Especially as the tax year comes to an end. But, taxes don’t have to be such a burden. We’re here to give you some advice on how you can take advantage of tax planning strategies this year. 

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Posted by: Charles P Myrick CPA Posted on: Sep 29 2016

10 Secrets of Successful Small Business Management

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: Sep 27 2016

How to Make Cash Flow Management Easier

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: Sep 20 2016

What is Virtual Bookkeeping and What Can It Do for My Business?

Bookkeeping can be a thorn in every business owner’s side, especially if the business doesn’t have a good system in place. Many companies are turning to virtual bookkeeping services, and it is easy to see why this trend is gaining in popularity. Here are some advantages: 

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Posted by: Charles P Myrick CPA Posted on: Sep 13 2016

Your Guide to Startup Business Loans

If you are putting together a startup business, one of the most common problems that you will face is cash flow. How are you supposed to start a successful business if you don’t have any money to build a strong foundation? Startup business loans are a great option to help you get access to the funding that you need. Here are a few things that you need to know if you are trying to use small business startup loans. 
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Posted by: Charles P Myrick CPA Posted on: Sep 06 2016

Why Real Estate Investors Should Improve Their Bookkeeping

As a real estate investor, bookkeeping 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 bookkeeping system is the one they know and use. However, paper may be holding you back; for many, it’s past time to make the switch to an accounting software program. 

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Posted by: Charles P Myrick CPA Posted on: Aug 30 2016

Why Most Business Owners Fail to Properly Manage Cash Flow

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 23 2016

Who Should Pay Self-Employment Tax?


Did you recently start working for yourself? If so, you may owe self-employment taxes on your earnings as an independent contractor or a sole proprietor. That's true no matter what your age – even if you're receiving social security benefits. Here’s why:

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Posted by: Charles P Myrick CPA Posted on: Aug 16 2016

How Small Business Owners Choose Bookkeeping Services

Many small business owners use accounting or bookkeeping services to manage their day to day financial records and reports. They find that these services have a direct impact on the cash flow and profitability of thier businesses. If you are planning to hire a small business accounting service, there are several things that you need to keep in mind before you make the decision.
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