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# Myrick CPA

## Sitemaps
[XML Sitemap](https://www.myrickcpa.com/sitemap_index.xml): Includes all crawlable and indexable pages.

## Posts
- [Beyond Tax Prep: Tax Advisory Services to Support Your Financial Goals](https://www.myrickcpa.com/tax-advisory-services-to-support-financial-goals/): Do you know the difference between tax preparation and tax advisory services? Many people think of their CPA as someone they check in with once a year, usually during tax season, to get their return filed and move on. I understand why that happens — life is busy, deadlines come quickly, and filing accurately and on time is important. But tax preparation is only one part of what a CPA can provide. Filing a return looks backward at what already happened. Tax advisory services look ahead and helps you make better-informed decisions before opportunities pass. In my view, that proactive planning is where clients often see the greatest long-term value.
- [Multi-State CPA Licensing: Your CPA Should Be Licensed Where You Live](https://www.myrickcpa.com/why-multi-state-cpa-licensing-matters/): Remote work didn't just change where people make their living — it changed where their tax obligations follow them. Learn why multi-state CPA licensing really matters. For example, someone who moved from Virginia to Colorado in 2023 and kept a DC-based job may now owe taxes in two or three states without realizing it. If their CPA has only ever been licensed and experienced in one metro area, that's a real gap — and one worth asking about before you hire someone.
- [2026 Tax Law Changes: Why Summer Is the Right Time to Plan](https://www.myrickcpa.com/2026-tax-law-changes-why-summer-is-the-right-time-to-plan/): The 2026 tax law changes make mid-year planning especially important this year. Summer may not feel like tax season, but it is one of the best times to plan ahead. By now, you have several months of income, expenses, and business activity to review. That gives us a clearer picture than we had in January. As your CPA, my goal is simple. I want you to avoid surprises. I also want you to have what you need to be able to make informed decisions before deadlines arrive.
- [Planning for a Long Retirement: Longevity Risk](https://www.myrickcpa.com/planning-for-a-long-retirement-longevity-risk/): As a CPA, I often ask clients one simple question when they are planning for a long retirement. What kind of life do you want your money to support? The answer matters as much as the numbers. Retirement planning should not start with a generic savings target. It should start with your lifestyle, health, family, taxes, and goals. Many people plan retirement around their parents’ lives. That approach can create real problems. People live longer today, and longer retirements need stronger plans. A five-year difference can change everything.
- [Facing an IRS Appeal? Hiring a CPA Can Bring Clarity and Peace of Mind](https://www.myrickcpa.com/facing-an-irs-appeal-hiring-a-cpa-can-bring-clarity-and-peace-of-mind/): Receiving a notice from the Internal Revenue Service can be unsettling, but if you are facing an IRS Appeal, hiring a CPA will shift the situation in your favor. Whether the issue involves an audit adjustment, proposed penalties, a balance due or a collection matter, most taxpayers feel immediate stress when they see that the IRS disagrees with their return or is taking action against them. The good news is that taxpayers often have the right to appeal. The better news is that when you consult with a professional, you do not have to handle that process alone.
- [Why Summer Is the Right Time for a Mid-Year Tax Check-In](https://www.myrickcpa.com/why-summer-is-the-right-time-for-a-mid-year-tax-check-in/): As a CPA, I know most people do not want to think about taxes in the middle of summer. Between vacations, weddings, camp schedules, home projects and a generally slower pace, next April can feel very far away. But that is exactly why summer is one of the best times for a mid-year tax check-in. This timing enables you to take a fresh look at your tax situation. By the time year-end arrives, many planning opportunities are limited. In July or August, we still have time to make adjustments, correct course and avoid unpleasant surprises.
- [A CPA’s Guide for W-2 Employees with Complex Tax Needs](https://www.myrickcpa.com/a-cpas-guide-for-w-2-employees-with-complex-tax-needs/): Discover essential tax insights for W-2 employees, including remote work implications, withholding adjustments, and strategies to minimize surprises.
- [Planning Something Big? A CPA Helps Navigate Major Financial Decisions](https://www.myrickcpa.com/planning-something-big-a-cpa-helps-navigate-major-financial-decisions/): Navigate major financial decisions with expert CPA advice. Essential tax planning strategies for selling a business, receiving an inheritance, and more.
- [Is Your CPA Doing Enough? Why Year-Round Advice Really Matters](https://www.myrickcpa.com/is-your-cpa-doing-enough-why-year-round-advice-really-matters/): Is your CPA providing year-round support? Discover the importance of proactive tax planning and how a dedicated CPA can enhance your financial well-being.
- [How a CPA Can Guide You Toward Tax-Efficient Retirement Planning](https://www.myrickcpa.com/how-a-cpa-can-guide-you-toward-tax-efficient-retirement-planning/): Discover how a CPA can enhance your retirement planning through tax-efficient strategies for IRAs, 401ks, and HSAs to secure your financial future.
- [S-Corp Election and Compensation: Essential Tips for Business Owners](https://www.myrickcpa.com/s-corp-elections-and-compensation-essential-tips-for-business-owners/): Essential tips from a CPA regarding S-Corp election and reasonable compensation to optimize your tax strategy and ensure compliance as a business owner.
- [Smart Tax Planning: Analyzing Refunds, Withholding and HSA Strategies](https://www.myrickcpa.com/smart-tax-planning-analyzing-refunds-withholding-and-hsa-strategies/): Discover effective tax strategies to optimize refunds, withholding, and HSAs, for better planning throughout the year and improved outcome next tax season.
- [Virtual Tax Planning: What to Expect From an Online Consultation](https://www.myrickcpa.com/virtual-tax-planning-what-to-expect-from-an-online-consultation/): Experience personalized virtual tax planning consultations. Get proactive guidance to reduce your tax liability and achieve your financial goals.
- [Smart Tax Planning: How Tax Projections Can Prevent April Surprises](https://www.myrickcpa.com/tax-planning-questions-how-projections-can-prevent-april-surprises/): Proactive tax planning with projections can help avoid surprises, lower your tax bill, and reduce stress. How a CPA can help with year-round strategies.
- [Tax Projection 101: Forward-Looking Planning Prevents April Surprises](https://www.myrickcpa.com/tax-projection-101-forward-looking-planning-prevents-april-surprises/): Avoid tax surprises with proactive tax planning. Discover how CPAs use projections to optimize your tax strategy and ensure smooth finances year-round.
- [The True Cost of DIY Tax Planning: Why Hiring a CPA Pays for Itself](https://www.myrickcpa.com/the-true-cost-of-diy-tax-planning-why-hiring-a-cpa-pays-for-itself/): Avoid costly mistakes and penalties by hiring a CPA for your tax planning needs, ensuring accurate filings and maximizing your financial benefits.
- [Beyond Tax Preparation: Explaining Proactive Tax Advisory Services](https://www.myrickcpa.com/beyond-tax-preparation-explaining-proactive-tax-advisory-services/): Unlock financial potential with proactive tax advisory services. How strategic CPA guidance beyond compliance can help plan for the future and save money.
- [Tax Advisory Services: Hire Your Adult Children to Reduce Business Tax](https://www.myrickcpa.com/tax-advisory-services-hire-your-adult-children-to-reduce-business-tax/): Discover how hiring your adult child to work at your family business can lower your tax liability while helping to grow your family's long-term wealth.
- [Tax Advisory Services: Financial Tips for Freelancers and Gig Workers](https://www.myrickcpa.com/tax-advisory-services-financial-tips-for-freelancers-and-gig-workers/): Expert tax advice for freelancers and gig workers to help manage income and build financial security. Stay organized and proactive for lasting success.
- [Tax Advisory Services: Charitable Contributions and Smart Tax Planning](https://www.myrickcpa.com/tax-advisory-services-charitable-contributions-and-smart-tax-planning/): Optimize your 2026 charitable giving strategy with the current tax rules under OBBBA. How expert advice and early planning can maximize your deductions.
- [Tax Advisory Services: Why Does Reviewing Your W-2 Withholding Matter?](https://www.myrickcpa.com/tax-advisory-services-why-does-reviewing-your-w-2-withholding-matter/): Optimize tax outcomes by reviewing your W-2 withholding. Learn why this step, along with other proactive tax advice, can help avoid surprises at tax time.
- [Tax Advisory Services: Is an S-Corp Election Right for Your Business?](https://www.myrickcpa.com/tax-advisory-services-is-an-s-corp-election-right-for-your-business/): Expert tax advisory services regarding S-Corporation elections for small businesses. Evaluate your options to optimize your tax strategy effectively.
- [Tax Advisory Services for Homeowners: Strategies to Reduce Liability](https://www.myrickcpa.com/tax-advisory-services-for-homeowners-strategies-to-reduce-liability/): Optimize your tax benefits as a homeowner with proactive strategies including the Augusta Rule and Mortgage Interest Deductions to reduce tax liability.
- [Tax Advisory Services: QBI Optimization Helps Small Business Thrive](https://www.myrickcpa.com/tax-advisory-services-qbi-optimization-helps-small-business-thrive/): Optimize your Qualified Business Income (QBI) deduction with strategic tax advisory services. Reduce your tax bill with predictable year round planning.
- [Tax Advisory Services: What Are Safe Harbor Estimated Payments?](https://www.myrickcpa.com/tax-advisory-services-what-are-safe-harbor-estimated-payments/): Discover how safe harbor estimated payments can help avoid IRS penalties and maintain predictable cash flow, as a part of proactive tax advisory services.
- [2026 Tax Planning: Strategic Moves to Start in January](https://www.myrickcpa.com/2026-tax-planning-strategic-moves-to-start-in-january/): Start your 2026 tax planning now with strategic moves in January and get expert guidance from a CPA to optimize financial positioning and avoid penalties.
- [Tax Law Changes for 2026: What Small Business Owners Need to Know](https://www.myrickcpa.com/tax-law-changes-for-2026-what-small-business-owners-need-to-know/): Learn how the One Big Beautiful Bill Act will impact small business taxes in 2026, from deductions and depreciation to updated 1099 reporting rules.
- [Quarterly Estimated Tax Planning: Avoiding Penalties in 2026](https://www.myrickcpa.com/quarterly-estimated-tax-planning-avoiding-penalties-in-2026/): Tax planning tips to avoid penalties in 2026, including safe harbor rules, who needs to pay, and strategies for accurate quarterly payments.
- [Advice for Non-Profits and Churches: How to Manage Holiday Donations](https://www.myrickcpa.com/advice-for-non-profits-and-churches-how-to-manage-holiday-donations/): How to manage holiday donations for churches and non-profit organizations, ensuring compliance and optimizing donor engagement during the holiday season.
- [Smart Spending: A CPA’s Top Tips for Budgeting This Holiday Season](https://www.myrickcpa.com/smart-spending-a-cpas-top-tips-for-budgeting-this-holiday-season/): Discover a CPA's top budgeting tips for smart holiday spending. Stay financially balanced, maintain peace of mind, and enter the new year confidently.
- [Small Business Owners: Make the Most of Strategic Tax Planning in Q4](https://www.myrickcpa.com/small-business-owners-make-the-most-of-strategic-tax-planning-in-q4/): Strategic tax planning tips for small business owners to prepare for year-end, optimize deductions, and start the new year financially strong.
- [What to Know About Strategic Tax Planning for the Last Quarter](https://www.myrickcpa.com/what-to-know-about-strategic-tax-planning-for-the-last-quarter/): Optimize your last quarter tax strategy with tips on retirement contributions, deductible expenses, and business moves that can help reduce your tax bill.
- [Non-Profit and Tax-Exempt Entities May Need to Re-Examine Eligibility](https://www.myrickcpa.com/non-profit-and-tax-exempt-entities-may-need-to-re-examine-eligibility/): Ensure your non-profit's tax-exempt status with periodic reviews. Learn about eligibility, compliance with the IRS, and how a CPA can help your entity.
- [OBBBA’s Impact on Pass-Through Entities: Creating a Strategic Tax Plan](https://www.myrickcpa.com/obbbas-impact-on-pass-through-entities-creating-a-strategic-tax-plan/): Discover how the OBBBA impacts small businesses with new tax benefits, bonus depreciation, and more. Maximize your advantages with strategic tax planning.
- [How Does the New Federal Tax Bill Affect Freelancers and Gig Workers?](https://www.myrickcpa.com/how-does-the-new-federal-tax-bill-affect-freelancers-and-gig-workers/): Learn how the new Federal Tax Bill impacts freelancers and gig workers, including updated 1099 reporting rules starting in 2026, and third-party payments.
- [New Federal Tax Bill Offers Deduction Opportunity for Many Households](https://www.myrickcpa.com/new-federal-tax-bill-offers-deduction-opportunity-for-many-households/): The new Federal Tax Bill's senior deduction can help retirees save up to $12,000 on taxes for 2025-2028. Learn how tax planning can help maximize benefits.
- [What You Need to Know About the Updated SALT (State & Local Tax Laws)](https://www.myrickcpa.com/what-you-need-to-know-about-the-updated-salt-state-local-tax-laws/): Learn about the increased SALT deduction cap, new limits established by the OBBBA, and strategies on how to itemize deductions to maximize tax benefits.
- [Why Does the End of Summer Feel Like the Beginning of Tax Season?](https://www.myrickcpa.com/why-does-the-end-of-summer-feel-like-the-beginning-of-tax-season/): Stay ahead of tax season by strategically planning year-round. When summer ends, it's time to look ahead. Learn key tips to optimize your tax return early.
- [Key Tax Planning Tips for Entrepreneurs and Startups](https://www.myrickcpa.com/key-tax-planning-tips-for-entrepreneurs-and-startups/): Essential tax planning tips for entrepreneurs and startups on entity selection, profit & loss, and leveraging tax credits. How to avoid costly mistakes.
- [Tax-Efficient Investment Strategies for Wealth Building & Preservation](https://www.myrickcpa.com/tax-efficient-investment-strategies-for-wealth-building-preservation/): Discover tax-efficient strategies to build generational wealth, including asset location, harvesting capital gains and losses, charitable giving, and more.
- [Major Life Changes: Tax Planning for Marriage, Divorce, or Retirement](https://www.myrickcpa.com/major-life-changes-tax-planning-for-marriage-divorce-or-retirement/): Learn how major life changes like marriage, divorce, or retirement impact your tax situation, and why strategic tax planning can help maintain balance.
- [Strategic Tax Planning for High-Income Individuals: Beyond the Basics](https://www.myrickcpa.com/strategic-tax-planning-for-high-income-individuals-beyond-the-basics/): Strategic tax planning and projection for high-income earners to minimize tax liability: income shifting, tax-efficient investments, and charitable giving
- [Tax Projection Tools: How Forecasting Can Improve Financial Decisions](https://www.myrickcpa.com/tax-projection-tools-how-forecasting-can-improve-financial-decisions/): Discover how tax projections can help you plan ahead, minimize liabilities, and make informed financial decisions throughout the year.
- [How the OBBBA Could Affect Your Tax Planning This Year](https://www.myrickcpa.com/how-the-obbba-act-could-affect-your-tax-planning-this-year/): Learn how the OBBBA Act impacts your tax planning with its new deductions and permanent tax cuts for individuals, families, and small businesses.
- [How IRS Reporting Affects Individual Sellers of Goods and Services](https://www.myrickcpa.com/how-irs-reporting-affects-individual-sellers-of-goods-and-services/): How Form 1099-K and the IRS reporting requirements affect individual sellers and what the IRS expects you to report, even if you're not running a business.
- [Do Social Security Benefits Really Keep Up With Inflation?](https://www.myrickcpa.com/do-social-security-benefits-really-keep-up-with-inflation/): How Social Security benefits and cost-of-living adjustments impact your retirement planning and financial stability, based on inflation and other factors.
- [Finding a Good Match with a CPA for Tax Planning and Financial Advice](https://www.myrickcpa.com/finding-a-good-match-with-a-cpa-for-tax-planning-and-financial-advice/): Find the right CPA for tax planning and financial advice. Learn how to choose a professional who understands your goals and provides year-round guidance.
- [Are Credit Cards Bad for Your Financial Health? What You Should Know](https://www.myrickcpa.com/are-credit-cards-bad-for-your-financial-health-heres-what-you-should-know/): Learn how to use credit cards wisely to build credit, earn rewards, and avoid financial pitfalls, with practical tips for managing your credit effectively.
- [Trusts vs. Wills: Understand the Tax Implications Behind Your Decision](https://www.myrickcpa.com/trusts-vs-wills-understand-the-tax-implications-behind-your-decision/): Expert advice on estate planning, the tax implications between a will and a trust, and how your choice affects asset distribution, taxes, and probate.
- [Seeking a Better Tax Outcome Next Year? Consult an Expert Off-Season](https://www.myrickcpa.com/seeking-a-better-tax-outcome-next-year-consult-an-expert-off-season/): Consult a CPA off-season for better tax outcomes next year. Plan ahead with expert advice, tax projections, and forward-looking strategies for tax season.

## Pages
- [Boating Event](https://www.myrickcpa.com/boating/): MYRICK BOATING EXTRAVAGANZA!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Hi Friends,
- [Blog](https://www.myrickcpa.com/blog/): Myrick CPA Blog“Myrick CPA has worked with our firm, and me personally, for almost five years. Charles and his team are thoughtful, thorough and detail-oriented accounting professionals whose work is accurate and timely. Charles has taught me a lot about the tax code which has benefitted both our business and me personally. I am so glad to have found him.”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.Contact Us Today
- [Resources](https://www.myrickcpa.com/resources/): Resources
- [FAQs](https://www.myrickcpa.com/faqs/): FAQsGetting Started with Myrick CPAWhile basic tax preparation focuses on filing your return based on last year's information, our tax advisory services are proactive and future-focused. We help you make strategic decisions throughout the year to minimize lifetime tax liability, align your financial decisions with tax-efficient strategies, and plan for major life events before they impact your taxes.Bring recent tax returns (2-3 years), information about income sources and expected changes, business financials if self-employed, investment statements, retirement account information, and questions about your specific situation. The more information we have, the more comprehensive recommendations we can provide.Most clients benefit from quarterly check-ins, with more detailed annual planning sessions. We also recommend meetings when major life or financial changes occur—business sale, property purchase, inheritance, retirement, etc. Proactive planning prevents costly tax surprises.Individual Tax & Wealth StrategiesOur tax return preparation service includes a comprehensive review with you as the client. We prepare your federal and state tax returns, meet with you to walk through every line item, explain deductions and credits you're receiving, and ensure you understand your tax situation before filing. This collaborative approach helps you make informed decisions and catch any potential issues early.Your W-2 withholdings should be evaluated whenever your life circumstances change or if you consistently receive large refunds or owe significant amounts at tax time. We analyze your current withholdings, project your year-end tax situation, and recommend adjustments to your Form W-4 to optimize your cash flow throughout the year while avoiding underpayment penalties.While many people enjoy receiving refunds, a large refund means you've been giving the IRS an interest-free loan all year. The ideal situation is to break even or owe a small amount (within Safe Harbor limits) so you can keep more of your money working for you throughout the year.The choice between traditional and Roth accounts depends on your current tax bracket, expected retirement tax bracket, time until retirement, and overall financial goals. Traditional contributions reduce your current taxable income, while Roth contributions provide tax-free growth and withdrawals in retirement. We analyze your situation to determine the optimal mix.We help you determine the optimal contribution amount by considering factors like employer match (always capture the full match—that's free money), your tax bracket, retirement goals, and other financial priorities. Sometimes maxing out isn't the best strategy if you have high-interest debt or need emergency savings.A Health Savings Account is a triple-tax-advantaged account available if you have a high-deductible health plan. Contributions are tax-deductible, growth is tax-free, and withdrawals for qualified medical expenses are tax-free. After age 65, you can withdraw for any purpose (taxed as ordinary income). HSAs can be powerful retirement savings vehicles.Business Owner StrategiesS corporation election can provide significant tax savings for profitable businesses by reducing self-employment taxes. However, it comes with additional compliance requirements and costs. We evaluate your business income, reasonable compensation requirements, state tax implications, and administrative burden to determine if S-corp status makes sense.S-corp owners must pay themselves reasonable compensation as W-2 wages before taking distributions. The IRS scrutinizes compensation that's too low relative to distributions. We help you determine an appropriate salary based on industry standards, job duties, and company profitability.If you're self-employed and use part of your home regularly and exclusively for business, you may qualify for the home office deduction. This includes a portion of mortgage interest, property taxes, utilities, insurance, and depreciation. W-2 employees generally cannot claim this deduction after tax reform.If you own a sole proprietorship or partnership with only your spouse, you can hire your children under age 18 and pay them reasonable wages for legitimate work. Their wages are deductible business expenses, and they're not subject to Social Security, Medicare, or FUTA taxes. The child can use their standard deduction to shield income from federal tax.The Augusta Rule (Section 280A) allows you to rent your home to your business for up to 14 days per year and exclude the rental income from taxation. This creates a business deduction (for rent paid) without taxable income (to the homeowner). It's particularly useful for home-based business owners who host board meetings, company events, or strategy sessions.“Myrick CPA has worked with our firm, and me personally, for almost five years. Charles and his team are thoughtful, thorough and detail-oriented accounting professionals whose work is accurate and timely. Charles has taught me a lot about the tax code which has benefitted both our business and me personally. I am so glad to have found him.”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.Contact Us Today
- [New Tax Services](https://www.myrickcpa.com/new-tax-services/): Please indicate which of the Service Plans you are interested in. 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“Have been a client for over 25 years. Brilliant CPA and an excellent, empathic counselor, and good man.”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.Contact Us Today
- [New Tax Advisory Services](https://www.myrickcpa.com/new-tax-advisory-services/): New Tax Advisory ServicesThe Team at MYRICK CPA introduces new customized Tax Advisory Services for 2025 and beyond, starting with preparing 2024 tax returns and offering a choice of four service levels.Basic tax preparation ensures that you and/or your business comply with all tax obligations when Myrick CPA prepares and files your taxes. Fees start at $1100.00.Based on your previous year’s taxes and all other information you provide , Myrick CPA will make tax projections to estimate your future tax liability and projected payments or refunds for longer-term peace of mind in knowing what to expect the following year. Additional fees start at $250.00.Myrick CPA will identify customized savings strategies over the long term based on your individual situation or business entity and several other factors, which will ensure you will never overpay. You will receive a detailed proposal, including the estimated savings you can expect when implementing the recommended strategies. Fees to be quoted.This inclusive service includes everything outlined in Level 3, plus ongoing assistance with long-term planning and implementation of the recommended strategies to guarantee that you and/or your business will receive the maximum tax savings based on your unique situation. Fees to be quoted.Please indicate which of the Service Plans you are interested in. Check all that apply:JTNDc2NyaXB0JTIwY2hhcnNldCUzRCUyMnV0Zi04JTIyJTIwdHlwZSUzRCUyMnRleHQlMkZqYXZhc2NyaXB0JTIyJTIwc3JjJTNEJTIyJTJGJTJGanMuaHNmb3Jtcy5uZXQlMkZmb3JtcyUyRmVtYmVkJTJGdjIuanMlMjIlM0UlM0MlMkZzY3JpcHQlM0UlMEElM0NzY3JpcHQlM0UlMEElMjAlMjBoYnNwdC5mb3Jtcy5jcmVhdGUlMjglN0IlMEElMjAlMjAlMjAlMjBwb3J0YWxJZCUzQSUyMCUyMjQzMjk1OCUyMiUyQyUwQSUyMCUyMCUyMCUyMGZvcm1JZCUzQSUyMCUyMmMwMzU0YjJhLWEzYWQtNDk0ZC05ZDk1LTZkYzhjZDUwY2M5NSUyMiUwQSUyMCUyMCU3RCUyOSUzQiUwQSUzQyUyRnNjcmlwdCUzRQ==“Personal attention to clients' specific needs and issues; anticipates and helps respond to potential changes in clients' tax status; flexible in working relationships; extraordinary turnaround time.”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.Contact Us Today
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- [Accessibility Statement](https://www.myrickcpa.com/accessibility-statement/): Accessibility StatementUpdated: January 2023.
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- [Accounting](https://www.myrickcpa.com/accounting-auditing/): Accounting Outsourcing the accounting for your small business to Myrick CPA allows you more time to focus on core business operations and decisions. The Myrick team works with you or a designated team member to set up and manage your organization's financials, incorporating professional advice and best-in-class client support. Myrick CPA offers top-notch accounting software to manage cash flow, keep your records accurately, optimally manage accounts receivable, revenues, and debt, and produce reliable financial statements to ensure timely tax filing. Additional services are available, such as processing invoices and statements, accounts payable, cash receipts and disbursements, payroll management, preparation of bank reconciliations and recurring reports, as well as revenue-related tasks, which include invoicing customers, monitoring expenditures, filings, and reporting. Myrick CPA will help manage and improve cash flow by providing real-time information for sound decision-making.
- [Contact Us](https://www.myrickcpa.com/contact-us/): Contact UsFind your place on our initial consultation calendarSchedule ConsultationAddress:
- [Additional Services](https://www.myrickcpa.com/additional-services/): Additional ServicesThe team at Myrick CPA has a clear mission: to serve clients with a strong sense of conviction and help them reach their financial goals. Whether you’re an individual seeking financial, retirement, or estate-planning advice or an entrepreneur creating a new business or restructuring an existing one, Myrick’s Advisory Services provides the tools needed to make sound decisions every step of the way.Myrick CPA works with small businesses to take them from conception through start-up to the next level. The choice of business entity is a decision that enormously impacts the business's taxes and other liabilities. Through the growth and development of the business, Myrick offers advice on which type of entity to choose and later restructuring if that will be advantageous. For mature businesses, Myrick assists in maintaining a smooth succession of ownership.
- [CFO Services](https://www.myrickcpa.com/cfo-services/): CFO ServicesAs your company or non-profit grows, the accounting and finance functions are intended to produce timely and accurate financial information for the entity. A Chief Financial Officer (CFO) typically oversees these functions, but the true value comes with a team that can provide forward-looking financial analysis to help make sound decisions for the future.Myrick CPA provides CFO Services to provide a comprehensive financial picture with which to track each aspect of your operation. Myrick helps to develop and put into place a system to produce customized Key Performance Indicators appropriate for your industry or stage of growth, which will properly account for the nuances of new offerings or projects that span months or quarters.
- [Our Services](https://www.myrickcpa.com/our-services/): Our ServicesMyrick CPA provides a comprehensive range of tax services to individuals, non-profit organizations, and businesses in various industries. When planning for the future, the team at Myrick customizes tax strategies to meet each client's specific needs to help them achieve their goals in an ever-changing financial and regulatory environment. Services include tax preparation, projection, planning, and implementation. Myrick’s Tax Service Guarantee ensures peace of mind, as we manage all correspondence with the IRS and can provide representation on the taxpayer's behalf should an audit occur. Additional advisory services include financial, retirement, and estate planning for individuals and CFO accounting services, as well as entity selection and restructuring for businesses.“Personal attention to clients' specific needs and issues; anticipates and helps respond to potential changes in clients' tax status; flexible in working relationships; extraordinary turnaround time.”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.Contact Us Today
- [Tax Services](https://www.myrickcpa.com/tax-services/): Please indicate which of the Service Plans you are interested in. 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 Tax Advisory FAQsWhat is tax projection and why do I need it?
- [A Wealth Building Approach](https://www.myrickcpa.com/a-wealth-building-approach/): A Wealth Building ApproachThe team at Myrick CPA helps clients achieve long-term security for themselves and their families. Their overall approach to wealth-building is that of generating long-term revenue through multiple sources, referring to more than job-based income. Wealth-building formulas include savings, investments, and acquiring income-generating assets while avoiding debt. Myrick will evaluate and analyze your expenditures while providing helpful financial planning tools to create a budget and make wise investments. They advise and guide clients through important life decisions, such as choosing the most suitable retirement account, determining how much insurance to buy, and what types of coverage work best for each individual's needs.One of the top reasons clients choose Myrick CPA is the reliable advice they've come to expect when they need to make a timely decision. For example, they offer sound advice on handling debt through refinancing, consolidation, or paying it off. Myrick stands ready to help clients think through longer-term financial situations, such as the rate of return needed to earn on investments to achieve specific goals over a given time frame.Myrick helps clients leverage all available savings opportunities by implementing measures such as charitable giving, health savings accounts, and educational savings plans to maximize tax savings. They also advise on the tax benefits of home ownership, investing in real estate, and short-term rental platforms.“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.”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.Contact Us Today
- [The Myrick CPA Difference](https://www.myrickcpa.com/the-myrick-cpa-difference/): The Myrick CPA DifferenceCharles Myrick believes in maintaining strong, long-term client relationships and offers four tiers of tax services based on each client's financial goals and challenges. The process begins with expert tax preparation. The next stage is projection, followed by planning and implementation.Myrick CPA knows that cookie-cutter tax plans are not the solution. Charles and his team thoroughly study each client's financial situation and develop strategies to strengthen their financial position by building wealth over time for the best outcomes.
- [Who We Serve](https://www.myrickcpa.com/who-we-serve/): Who We ServeMyrick CPA, an established provider of financial and accounting services, currently serves individuals, small businesses, nonprofits, and churches in all 50 states and overseas.
- [About Us](https://www.myrickcpa.com/about-us/): Who We AreAward-Winning Myrick CPA has earned the respect of the business and financial community in and around Washington, D.C., with a glowing reputation and was twice-voted the best accounting firm in D.C.Charles P. Myrick founded and owns Myrick CPA, a full-service certified public accounting firm in Washington, DC. Myrick CPA has established a reputation in the industry by providing exceptional tax services, including tax preparation, projection, strategic planning, and implementation, as well as tax resolution on behalf of their clients by representation to the IRS. Myrick CPA provides advisory and accounting services to small businesses, non-profit organizations, and individuals. As a small business, Myrick CPA uniquely understands the issues and concerns of small organizations and provides a wealth of experience and technical skills in developing strategies designed to help your organization grow.Charles P. Myrick is a graduate of Georgetown University School of Business and member of the Maryland Society of Accountants, The Greater Washington Society of Accountants, and The American Institute of Certified Public Accountants. He has more than three decades of financial and business experience.
- [Myrick CPA](https://www.myrickcpa.com/): The Team at MYRICK CPA introduces our new customized Tax Advisory Services for 2025 and beyond, starting with preparing your 2024 tax returns. We will be offering a choice of four service levels.Myrick CPA offers a broad range of tax services for individuals and businesses, including tax preparation, projection, planning, and implementation, with personalized strategies for each client's needs.Learn MoreWhether you're seeking personal tax planning or tax strategies for your business, consult the professionals at Myrick CPA to discover how expertise in wealth-building will benefit you in reaching your financial goals.LoginExpert tax advice specific to each client’s situation and lifestyle, helps self-employed individuals, small business owners, community groups, churches and non-profit organizations carry out forecasting and planning.Learn MoreCharles Myrick and his team at Myrick CPA have earned a reputation as one of the top accounting firms in Washington, D.C., providing high-quality, personalized financial guidance. Small businesses, community groups, non-profits, and churches are just a few of the local organizations that have benefited from the team's tax projection and planning expertise. The tax advisory services, including financial analysis, forecasting, budgeting, and reporting, help ensure the financial health of these groups now and in the future.With Myrick CPA's experienced and spirited staff, you can rest assured that your financial situation will be closely analyzed and expertly guided to build a solid future. Our unwavering dedication to high standards, solid work ethic, and open communication to understand each client's needs are the primary reasons they return to us year after year. Our mission is to ensure our clients maintain financial viability in the present while taking a proactive, robust approach to future goals.“Myrick CPA is reliable. Mr. Myrick is consistent in meeting deadlines, makes himself available to discuss my concerns, and promptly responds to my messages. After receiving more than 10 years of superb service, I highly recommend this firm.”Recent Blog ArticlesRead MoreMyrick 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.Contact Us Today