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Posted by: Charles P Myrick CPA Posted on: May 30 2017

Are You A business Owner Who Struggles With 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: May 23 2017

How to Know If a Sole Proprietorship is Right for You?

When you are starting a new business, it is important to determine the structure that makes the most sense for the needs of your company. Although many entrepreneurs start as a sole proprietorship it is a good idea to understand the advantages and disadvantages of doing so. Before you make a decision, you should obtain the help of a qualified CPA. 

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Posted by: Charles P Myrick CPA Posted on: Apr 25 2017

How to Get Startup Loans to Expand Your Small Business

If you're in the process of moving from self-employment to a more formal startup business, one common problem that you may face is cash flow. To start a successful business you will need sufficient 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: Apr 18 2017

The Truth About the Limited Liability Company

When you are starting a new business, the structure or business entity that you choose makes a difference. Many new entrepreneurs have to decide between an LLC (limited liability company) and a sole proprietorship. The truth is that there isn’t one single answer to the question of LLC vs. sole proprietor, and you should obtain the help of a qualified business advisor to make this decision. 

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Posted by: Charles P Myrick CPA Posted on: Apr 11 2017

Why Use Property Management Accounting Software?

As a property manager, accounting is part of your daily life. In addition to dealing with all the challenging tasks of property maintenance and tenant or owner issues, you have to monitor the books. Many small property management companies find a paper accounting system sufficient - until they start to grow and expand. If you are struggling to keep up, paper may be holding you back. It may be time to switch your property management accounting system from paper to software.

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Posted by: Charles P Myrick CPA Posted on: Apr 04 2017

How to Manage Rental Property Income

In our past blogs, we’ve talked about some of the tax deductions you can get as a landlord. But guess what? None of those tax deductions matter if you don’t have the records to claim them. 

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Posted by: Charles P Myrick CPA Posted on: Mar 28 2017

What Do Business Advisors Do?

If you’re a small business owner who is considering hiring a business advisor, you probably want to learn more about what advisors do before moving forward. Business advisors, or business consultants, take care of several tasks, making it easier for you to run a successful business. Check out some of the top tasks that small business consultants handle. 

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Posted by: Charles P Myrick CPA Posted on: Mar 14 2017

Individual Tax Saving Strategies

No question. Today’s tax laws are complicated. Many individuals are confused about which credits and deductions they can claim on the 2016 return. Even if you use professional tax preparation services, it’s a good idea to be familiar with the types of tax breaks for which you many be eligible. 

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Posted by: Charles P Myrick CPA Posted on: Feb 21 2017

How Your Business Entity Affects Tax Planning and Tax Records

It's tax season, and small business owners are reminded how the business entities they choose determine the amount of taxes they pay. Also influenced by the type of business entity is the amount and type of tax records required for tax filing. Business owners have several options for forming a business entity. Whether you are starting a business or thinking about making a change to your structure, it's a good time to take a look at the options.

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Posted by: Charles P Myrick CPA Posted on: Feb 07 2017

Rental Property Tax Deductions: Don't Miss Out

You wouldn’t spend more than necessary on utilities for your rental properties, would you? Then why would you spend more on taxes than you have to? Every year, landlords lose money because they overpay on their taxes, missing important and easy deductions that could put cash into their pockets.

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