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Author Archive for: ‘Charles P Myrick CPA’

Small Businesses in DC: State and Local Tax Issues to Consider

The Washington, D.C. metropolitan area is a dynamic region made up of multiple jurisdictions, each with its own set of tax laws which small businesses must follow. Understanding the tax implications of conducting business across state and local boundaries is vital for all small businesses, but especially those operating in this unique part of the country. Adhering to the different tax filing requirements  in each jurisdiction can be challenging.  For owners of small businesses in DC, there are many state and local tax issues to consider.

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Posted by: Charles P Myrick CPA Posted on: Oct 12 2023

Cash Flow Management 101 for Entrepreneurs and Small Business Owners

Running your own business can be a rewarding, exciting, and profoundly fulfilling journey, but it's not without its challenges. Cash flow management is a critical aspect of success that requires close attention and planning. Your cash flow is the lifeblood of your business, which means managing it efficiently is vital. Not managing cash flow properly can result in major headaches for small business owners. Read on for some practical advice on how to achieve better cash flow management for your small business.

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Cash Flow Analysis and Why It's So Important for Small Businesses


Cash flow is the lifeblood of any small business. Without enough available cash, you won't be able to pay your staff, cover your outstanding bills, or grow your business. A comprehensive cash flow analysis is a financial statement which shows how much cash your business is bringing in and spending over time,  and it can help you identify potential problems with your cash flow.  Here’s everything you need to know about how to do a Cash Flow Analysis and why it’s so important for small businesses.

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