Myrick CPA

Do you have a long-term financial plan? Whether you need help with your personal finances, or for your business, you'll want to consider consulting a professional to ensure you achieve all your financial goals.

Financial Analysis or Financial Planning: Understanding the Difference Learn the distinctions between financial analysis and financial planning. Both are important to maintain financial wellness for individuals and businesses.

If you own a business in Washington, D.C. you already know that the local tax system is one of the most complex in the nation. Keeping up with the changes in local tax laws can be crucial to your long-term success.

Small Businesses in DC: State and Local Tax Issues to Consider Tax advice for small business owners in Washington DC. How to understand the DC tax system and how state and local tax laws affect small businesses in DC.

"Don't wait until the last minute!" is typically great advice if you want to avoid anxiety and added stress. Those words definitely apply to tax season, so consider starting early - plan now for 2024 - and we promise you won't regret it.

Mastering Your Game Plan for the 2024 Tax Season Practical advice that helps you plan ahead for tax season. Learn what type of tax records you should keep and the best ways to organize before tax season.

We all understand that no one wants to be audited by the IRS, but if you've been unlucky enough to be chosen for a tax audit, you don't have to face it alone! An enrolled agent will negotiate with the IRS on your behalf so you can rest easy throughout the audit process.

How to Survive a Tax Audit Facing a tax audit is challenging. Prepare by producing all tax records and hiring a professional enrolled agent to represent you during the audit process.

If you're a church leader, you're always concerned about the spiritual well-being of your congregation -but there is also the earthly task of managing church finances in order to ensure the maintenance of the physical church building. Here are some things to consider when making financial plans for your church.

Managing Church Finances in Changing Times Practical financial advice for church leaders who need help to reevaluate their financial strategy as support wanes. Managing church finances effectively.

What you need to know about the classification of your non-profit organization to unlock the benefits of 501(c)(3) status, ensure tax exemptions, and maintain the support of your donors.

How to Determine the Classification of a Non-Profit Organization Advice on managing the finances of a non-profit organization, classification for non-profit tax exemption, and the importance of transparency to donors.

These days, cash flow management isn't always top of mind for entrepreneurs and small business owners, but its importance to your business operations should never be underrated. Here's why.

Cash Flow Management 101 for Entrepreneurs and Small Business Owners Why Cash Flow Management is crucial to the success of every business. Practical tips for owners of small businesses on how to better manage cash flow.

If you're thinking of joining the Electric Vehicle Revolution because you want to do something good for the environment, you'll be pleasantly surprised to find that it could also benefit you financially! Here's what you need to know about the new Federal Tax Credits for EVs.

Tax Credits for EVs: Powering Up Your Financial Strategy Purchasing an EV is more than an eco-conscious decision. Both Federal and State Tax Credits for EVs can positively impact your overall financial strategy.

Before you start restoration work on your historic DC home, explore the types of tax credits that could be available when you apply for historic designation. Once your home is approved, you can be a part of preserving history while reaping some great tax benefits.

Discover the Tax Benefits for Historic Designation of Your DC Home Owners of historic DC homes may be eligible for tax benefits. Understanding the application process and how to qualify your home for historic designation.

Seeking some financial relief at tax time? Have a look at the plethora of tax benefits available under the Inflation Reduction Act and discover how to determine your eligibility for credits.

The Inflation Reduction Act: Tax Benefits and Eligibility for Credits Ways in which the Inflation Reduction Act can provide financial relief. How income and filing status determine eligibility for credits and tax benefits.

Love helping animals? When you make donations to your local animal shelter, or to state or national animal welfare organizations, there are tax benefits available. Whether you make financial contributions or donate material goods, learn how you may be eligible to receive tax benefits for your generosity.

Maximize Your Tax Benefits by Making Donations to Animal Shelters Making contributions to animal shelters, which donations are eligible for tax deductions, and how to maximize your tax benefits while helping animals.

There's so much to think about when selling a home, which is why pre-planning is key in order to avoid unpleasant financial surprises. A qualified CPA can explain Capital Gains Taxes and provide practical advice on how to minimize liability.

How are Capital Gains Taxes Calculated When You Sell a Home? What tax implications to expect when selling a home and understanding how capital gains taxes are calculated. Factors affecting the capital gains tax rate.