Privacy Policy

Privacy Policy

“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.”

— AB

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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Accounting and Auditing

Accounting and Auditing

The accountants at Myrick CPA’s Small Business Accounting Services can handle all of your small business or nonprofit daily accounting needs and communications with you. We can work with you, or your designated team member, to set up and manage everything your business or organization needs to run smoothly on the financial side.

We have the skills, tools, and time to accurately keep your records, optimally manage accounts receivable, revenues, and debt, produce reliable financial statements, along with timely tax filing. If necessary, we can work with you to process invoices and statements, accounts payable, cash receipts and disbursements, and payroll and prepare bank reconciliations and recurring reports. We can also assist you with revenue-related tasks such as invoicing customers, monitoring expenditures, and with reconciliations, filings, and reporting.

In addition, our services will help you manage and improve your cash flow by providing real-time information needed for monitoring and decision-making. Please get in touch with us for more details about our Small Business Accounting Services, including our specialized software package.

Auditing is crucial to ensure that companies and organizations represent their financial positioning fairly and accurately and in accordance with accounting standards.

Myrick CPA can provide your business or organization with an independent examination of accounting and financial records and financial statements to determine if they conform to the law and to generally accepted accounting principles.

Myrick CPA’s financial statement services comprise all three levels of assurance depending on your company’s needs:

Audits.
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.

Reviews.
Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

Compilations.
Compilations are usually requested for internal purposes and are based upon information provided by a company’s management. They do not offer assurance but may involve some adjustment to accounting records.

Please contact us to further discuss what type of auditing services best fits your needs.

“Have been a client for over 25 years. Brilliant CPA and an excellent, empathic counselor, and good man.”

— GW

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

Contact Us

Contact Us

Address:

805 15th Street NW, Suite 805
Washington, DC 20005

Telephone: (202) 789 – 8898
Fax: (202) 513 – 8255
Email: info@myrickcpa.com

“I have been using him for years. Great advice, very professional and knowledgeable.”

— DG

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

Advisory Services

Advisory Services

At Myrick CPA, we have a clear mission to serve our clients and help them reach their goals. Our strong sense of conviction to do right by our clients compels us to be at the top of our game in advising our clients. Whether you are an individual seeking financial, retirement, and estate planning advice or are thinking of creating your own business or restructuring an existing one, our advisory services can provide you with the expertise to make sound decisions. We also stand ready to assist you in collection proceedings or in the resolution of other tax problems you may encounter that might require IRS representation or advice.

Your business entity has an enormous impact on your taxes and other liabilities. From your company’s inception through its growth and development, Myrick CPA can advise you on choosing an entity type and later restructuring if advantageous. We will always advise you on the most advantageous entity type for your business’s functions with our knowledge and expertise.

Myrick CPA’s goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, Myrick CPA can ensure that your portfolio will consider tax implications for an advantageous after-tax return. The road to retirement is a long one, and we can help you to take the proper steps to reach your goals.

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Myrick CPA’s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well-thought-out plan as to how to disburse one’s estate to avoid complications and be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don’t have added burdens to deal with during a time of loss.

Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don’t have added burdens to deal with during a time of loss. Myrick CPA stands ready to advise you on the tax and financial aspects of your estate planning. Your estate planning team should also include an attorney specializing in estates and trust law to discuss additional issues such as drawing up a last will and testament and healthcare planning.

Myrick CPA has over three 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 complex problem tax cases.

Suppose you have received a notice from the IRS about a balance due or are concerned about other tax problems. In that case, Myrick CPA is a specialist in tax resolution and can advise and guide you through any of these types of IRS tax collection proceedings. They can also take on the role of your authorized representative, directly negotiating with the IRS on your behalf, so you do not need to.

A tax resolution specialist is someone who is in your corner and on your side to guide and help you through the process of dealing with tax authorities to resolve your tax problems. We recommend a consultation with a tax resolution specialist if you owe more than $5,000 and intend to petition the IRS for hardship status or a delay in collection proceedings.

We at Myrick CPA can help you negotiate a payment plan, explore debt reduction or forgiveness through an Offer in Compromise, or assist you during an audit. In addition, we stand ready to help and advise you through any IRS proceeding.

“Charles and team have worked on our tax returns for several years. They do a great job, are helpful, reliable and wonderful to work with!”

— JU

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

CFO Services

CFO Services

The foundation of any company or nonprofit organization’s accounting and finance function is to produce timely and accurate financial information for the entity. A good Chief Financial Officer (CFO) oversees these accounting and finance functions, but their true value comes from the ability to provide forward-looking financial analysis.

Putting into place the basics

Accurate record-keeping is essential to achieving sound financial analysis. Myrick CPA can help you put into place the necessary processes and procedures for accurate record-keeping and can help with the day-to-day tasks of bookkeeping so that you can focus on your core business. We can work with you or your designated team member to set up and manage everything your business needs to run smoothly, efficiently, and productively on the financial side. Please see our section on Accounting and Auditing for more details.

Myrick CPA accountants can handle all of your daily accounting needs and communications with you. If necessary, we can work with you to process invoices and statements, accounts payable, cash receipts and disbursements, and payroll and prepare bank reconciliations and recurring reports. In addition, our services will help you manage and improve your cash flow by providing real-time information needed for monitoring and decision-making.

Once the basics are in place, Myrick CPA can help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. In addition, at Myrick CPA, we can serve the critical function of a CFO by providing you the information you need to make business decisions based on good cash flow and budgeting analysis, financial projections and forecasts, and debt and finance advising.

Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. Myrick CPA can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow can make or break the business’s ability to survive. We can help you analyze your spending, re-balance your budget and debts for an optimal cash flow to support your business’ success. In addition, this balance plan would be revisited if and when there were any significant changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

No one can predict the future perfectly, but we can all benefit from planning for it. Myrick CPA combines expertise and experience with a gained understanding of your business to produce financial projections to help you manage your business plan and spending. Forecasting for the future is imperative to your company’s success. We make it a point to keep current with market trends and updates to prepare your business for what is to come. Our work can range from top-level reports to detailed financial models depending on your needs.

Whether your needs are corporate or personal, Myrick CPA’s professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. But, even if you can handle the payments and the amounts of your current debts, our expertise may be able to save you money or lower your costs.

“We have used Charles Myrick CPA for personal taxes matters for over 15 years. The staff are [also] knowledgeable about nonprofits — very professional and always responsive to our needs both personal and business. I highly recommend Charles Myrick CPAs for your accounting and tax needs.”

— JJ

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

Our Services

Our Services

Myrick CPA provides a wide range of local and virtual accounting services to individuals, nonprofits, and businesses in a variety of industries. At Myrick CPA, we strive to meet each client’s specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include tax preparation and planning, CFO services for small businesses and organizations, and advisory services, including financial, retirement, and estate planning; business entity selection and restructuring; and IRS representation.

Advisory Services
CFO Services
Tax Services
Accounting & Auditing

“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.”

— CB

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

Tax Services

At Myrick CPA, we guide our clients through a full range of tax planning and tax preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis, and thorough research allow us to optimize financial opportunities found in existing and recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills, and notices.

Myrick CPA offers tax preparation for individuals and businesses using a process that combines smart, personalized planning with annual tax preparation and filing. Our job is to help you know about all the available tax opportunities that meet your individual needs and circumstances. In addition, we work closely with tax lawyers and investment advisors to ensure that all the details are legally sound, technically accurate, and working to your maximum benefit.

“Have been a client for over 25 years. Brilliant CPA and an excellent, empathic counselor, and good man.”

— GW

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

A Wealth Building Approach

A Wealth Building Approach

Many individuals will turn to wealth building to secure a solid financial future. 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 you 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. They can advise and guide you through important life decisions, whether helping you assess the most suitable type of retirement account or determining if you have the correct type of insurance and how much you might need. Charles can give you reliable advice on immediate decisions you might be facing. He can also 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 an experienced accountant is to leverage the available tax savings. When your accountant has many years of experience working with tax returns, then they can help you maximize your tax savings as much as possible. Myrick CPA stands ready to work with you to make the most of choices like charitable giving, Health Savings Accounts, educational savings plans, and the tax benefits of homeownership, to name just a few.

“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.

Contact Us Today

The Myrick CPA Difference

The Myrick CPA Difference

Myrick CPA believes in getting to know each client. Charles Myrick takes the time to understand each client’s financial situation, goals, and challenges. He believes in maintaining strong, ongoing relationships with clients to best position them to make the most of their financial position. Charles Myrick thoroughly studies each client’s financial picture to get the best results and outcomes for each.

“We at Myrick CPA have worked with many of our longstanding clients for years. We value the role we have earned as a trusted advisor — we are proud that we are the first people our clients call when they need advice. We listen carefully to what our clients say. We understand that being a business owner or nonprofit leader means taking action in the face of uncertainty. Therefore, we are always asking questions, assessing the situation, and offering recommendations if and when requested. Our team has solid financial expertise coupled with the good judgment that comes with decades of practical experience with the financial management of all types of entities, from solo practitioners and community groups to enterprise-level companies.”

“We have used Myrick CPAs for both personal and business matters for over 10 years. The staff are knowledgeable, professional, patient and always responsive to our needs. Mr. Myrick is constantly looking for innovative solutions to help clients improve operational effectiveness and efficiency, and provides regular, relevant and timely business advice to assist in planning throughout the year. I highly recommend Myrick CPAs for your accounting and tax needs.”

— ST

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

Who We Serve

Who We Serve

Myrick CPA, an established provider of financial and accounting services, currently serves individuals, small businesses, nonprofits, and churches in all 50 states and overseas.

Since the firm’s establishment in 1987, we have grown from predominantly serving clients in the Washington, DC metropolitan area to serving clients nationwide.

The firm’s dedication to hard work has earned the respect of the business and financial community in and around Washington DC. With a reputation as one of the best accounting firms in the metropolitan area, we believe this to be a direct derivative of our talent and responsiveness to our clients. Whether you are a current or prospective client, rest assured that individuals, small businesses, and organizations that choose Myrick CPA receive competent and timely advice.

“We love the professional and personal attention the Myrick firm gives us. Their work and advice is priceless. We highly recommend their services.”

— NX

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