As a taxpayer, you might assume your biggest tax decisions happen in March or April. The truth is, by that point, most of the outcomes are already locked in. Effective tax advisory work happens much earlier and focuses on decisions made during the year which help to shape your end results. Over the next seven weeks, we’ll be exploring more advanced tax reduction strategies, from specialized business deductions to high-income individual tax credits, that help you keep more of what you earn.

A fresh tax year creates a clean slate for planning, and January is the ideal time to set yourself up for a stronger financial position. Whether you work for yourself, manage a small business, or juggle multiple income streams, early action can help you avoid penalties and improve your cash flow. Myrick CPA works with clients across the country to build smart, forward-looking strategies that begin well before the first deadline.

Signed into law on July 4, 2025, the One Big Beautiful Bill Act (OBBBA) brings significant tax changes for individuals, families, and small businesses. Whether you earn wages, run a business, or rely on retirement income, these updates could affect how you plan for the year ahead. Here's what you should know now to prepare for the 2025 tax season and beyond.

When most people think about taxes, they picture gathering documents and racing to meet the filing deadline. But there's a lot more to managing taxes than filing once a year. Tax preparation and tax strategy may sound similar, but they serve very different purposes. While one focuses on compliance, the other focuses on building long-term financial benefits.

Let's break down these concepts and explain why working with a trusted CPA can make a significant difference in your financial outlook.

Getting a big tax refund might feel like a financial win, but there’s another side to the story. While it’s nice to receive a check from the IRS, that money was yours all along. In essence, you’ve been giving the government an interest-free loan. Let’s take a closer look at tax refunds and how you can keep more of your money throughout the year.

As tax season begins to wind down, you're likely breathing a sigh of relief, with your financial documents and receipts soon to be stowed away until next year. Before you tuck those files away, consider this: the very best time to craft your tax savings plan is actually right now.