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.

No one likes to think about being audited by the IRS. If you’re a small business owner and have concerns about the possibility of being chosen for an audit, take a deep breath and read on. Being aware of what triggers an audit enables you to be proactive. Here’s how to avoid a tax audit for your small business.

Charles Myrick, a Certified Public Accountant, has more than two decades of experience representing taxpayers with the IRS. He is highly knowledgeable and experienced in what is known as tax resolution — the specialty of advising, representing, and negotiating with the IRS on behalf of taxpayers in problem tax cases. He and his staff feel a real sense of satisfaction from solving difficult problem tax cases and removing the giant weight off a client’s shoulders that comes from stressful interactions with tax authorities.