Call Today: (202) 789 - 8898
Posted by: Charles P Myrick CPA Posted on: Jan 18 2022

Is Your Overdue Tax Bill Keeping You Awake at Night?

Perhaps you’ve received a letter from the IRS recently and have been informed that they’re beginning the collection process of delinquent tax liability debts and that you are one of those debtors. On the other hand, perhaps you haven’t gotten a letter, but anticipate getting one soon, now that the IRS has resumed collections after the COVID-related pause of last year. Remember, they can go back for ten years to collect from past-due income tax filings. Knowing that you owe a large sum of delinquent back taxes without realizing precisely what can or will happen next could be keeping you up at night. 

Read More →
Posted by: Charles P Myrick CPA Posted on: Sep 09 2021

Is The Company Office Party Still Tax Deductible?

Have you missed socializing and having business meals with your prospects, customers, and employees? Also, the holidays are coming up - will a year-end holiday meal to gather employees and their families be tax deductible?

Read More →
Posted by: Charles P Myrick CPA Posted on: May 11 2021

Business Entities - Which Works Best for You?

Starting a business? Whether you are just getting started or have outgrown your original tax structure, there are many business entities to choose from, with pros and cons for each one. Which type is best for your business depends on what products or services you offer, how much money you earn, whether or not you own the business alone, how many employees you have, what risk or liability you are willing to absorb, and other factors. Here are some common business entity choices and a few of the advantages and disadvantages of each.

Read More →