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Author Archive for: ‘Myrick CPA’

Navigating the Deductible Landscape: Demystifying Business Expenses

You're the expert at what you do for a living, but business expenses and tax codes can feel like a labyrinth of twists and turns that leave even the most seasoned entrepreneur feeling a bit lost. While familiar categories like travel, meals, and lodging may be the first to spring to mind when you think of business expenses, the path to claiming deductions isn't solely paved with those classic staples. The ever-shifting complexities of tax codes and regulations require businesses to get granular with what qualifies and what doesn't.

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Building a Secure Foundation: Accounting Services for Small Businesses

As a small business owner, you wear a lot of different hats. From managing daily operations to charting your growth strategy, every moment can feel like a whirlwind. In this demanding environment, one crucial aspect is often overlooked: financial management. While basic bookkeeping tasks like reconciling bank statements and tracking income and expenses can usually be handled internally, engaging a qualified CPA offers significant benefits that go far beyond balancing a ledger. Professional accounting and audit services can be your bedrock, providing a secure foundation for success.

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Posted by: Myrick CPA Posted on: Jun 15 2023

What You Should Know When Planning to Start a New Business

Embarking on a new business venture is an exciting journey filled with possibilities. One crucial decision that entrepreneurs face is choosing the correct business entity. Selecting the appropriate entity, whether it be a Limited Liability Company (LLC), S-Corporation, or C-Corporation, can profoundly impact your financial planning and business structure. In this comprehensive guide, we will explore the available options and explain how your choice of business entity can shape your entrepreneurial path. Additionally, we will highlight the importance of seeking professional guidance from a Certified Public Accountant (CPA) to understand the nuances of different entities. Here’s what you should know when planning to start a new business.

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