Business Name: Myerson & Myerson, CPAs
Member Name: Priscilla Myerson
Business Address: 5618 Swift Creek Court, Haymarket, VA 20169
Business Phone: 703-743-1040
Business Website: www.mandmcpas.com
When and why did you decide to start your own company?
Myerson & Myerson, CPA’s (M&M) began as a part-time enterprise. Both Ed, my husband, and I had full-time jobs. In the mid-1980s, I commuted to D.C. with several senior executive service IRS employees. They were in the IRS’s computer operations and asked if I would do their taxes. Over the next few years, Ed & I grew the part-time practice. Fast forward a few years, I decided to begin operating our business full time. We were successful and eventually opened an office in Arlington.
How does your business serve the local community?
We assist small to mid-sized businesses to get to where they want to be. While we do tax returns and financial statements, we also work to help our clients understand what the numbers are telling them and how to improve their results. We help individuals who have not filed tax returns for numerous years, and those whose returns have been successfully challenged by taxing authorities.
Please share one of the greatest moments you’ve experienced in your current profession.
We have been able, on a number of occasions, to assist taxpayers who are struggling financially and who owe the IRS and/or Virginia a lot of money; to work out an agreement with which they can live with. In the best case, the IRS moves the liability to uncollectable status and while the liability doesn’t go away, the IRS ceases collection efforts and only communicates with the taxpayer once a year to determine if their financial situation has changed.
Tell us about your experience with the HGBA. How has it supported you in your local business?
We have acquired several clients through HGBA. The organization is a very relaxed and collegial environment in which to meet and talk with other business persons in the Haymarket Gainesville area. It is an opportunity to get to know people, and to put a face, personality and business name on the business services offered.
What are the top three business tips and tricks can you offer other professionals?
- Pay your bills from the correct accounts. Keep separate business and personal credit cards and bank accounts. Remember your business isn’t you, it is a separate entity.
- Don’t wait until year end to put your books together. Record business income and expenses when they happen. T If it isn’t recorded, you can’t deduct it or manage it.
- File your taxes timely, even if you can’t pay. You can always work out a payment plan, but you don’t need to add additional penalties and interest.
Are you from this area and what do you like about our town?
Both Ed and I moved to Northern Virginia from New York but have been in the Washington DC area for so long this area is now home for us. We live in Dominion Valley, and although we are not golfers we love all the green space and the view of the mountains.
What is your favorite season in this area, and why?
Spring is spectacular. The flowering trees make it a joy to be outside.
What are some hobbies you enjoy?
Both Ed and I like to cook and experiment with new recipes. We enjoy visiting ethnic restaurants. We both love opera and very much enjoy the Met in HD.
Are you involved with any nonprofits? If so, which one(s) and why?
Helping Haitian Angels. The organization is dedicated to helping children, who would otherwise become street children, to have happy and healthy childhoods. They also provide education, so when the children are grown they will be able to provide for themselves.
What was your first job, or your most interesting job prior to your current profession?
I worked overseas for the U.S. government for 13 years, serving in Libya, Nigeria, and Germany.