A Wealth Building Approach

The team at Myrick CPA considers working with clients to build wealth one of the most gratifying aspects of the practice. We feel a sense of pride when we see our efforts generate results for clients as they achieve long-term security for themselves and their families. Wealth building is the process of generating long-term income through multiple sources. The basic formula for building wealth involves making more money than you spend, avoiding debt, and investing your savings wisely. Wealth building refers to more than job-based income and includes savings, investments, and income-generating assets.

Myrick CPA can play an essential role in helping you build wealth for yourself and your family. Charles and the Myrick team can provide you with helpful financial planning tools to create a budget, evaluate and analyze your expenditures, and make wise investments. In addition, they can advise and guide you through important life decisions, whether helping you assess the most suitable retirement account or determining if you have the correct type of insurance and how much you might need. 

Clients consistently cite Myrick CPA’s reliable advice on immediate decisions they are facing as one of the top reasons they chose the practice and stay as long-term clients. For example, the Myrick CPA team regularly advises clients on handling debt and whether it is optimal to pay it off, refinance, or consolidate it. The team can also advise you on tax savings strategies to help you make room for savings and investing. In addition, they stand ready to help you to think through longer-term questions, such as the rate of return you will need to earn on your investments to achieve your goals over a given time frame.

One of the most significant benefits of working with experienced accountants is to leverage all available tax savings. When your accountant has many years of experience working with tax returns, they can help you maximize your tax savings as much as possible. In addition, Myrick CPA stands ready to work with you to put into place measures to make the most of choices like charitable giving, Health Savings Accounts, and educational savings plans. They can also advise you on the tax benefits of homeownership, investing in real estate, or renting part of your home on a short-term rental platform.

“I enjoy working with Mr. Myrick and his team. They are professionals and always responsive to my concerns and inquiries. Best of luck to him.”

— SM

Myrick CPA is dedicated to meeting these goals with high standards of excellence and professionalism. We have been a staple of Washington DC’s business community since the firm’s founding in 1987 and pride ourselves on the level of esteem we have earned.

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