At the end of 2019, the federal government signed the Setting Every Community Up for Retirement Enhancement, or SECURE, Act into law. At the beginning of this year, the SECURE Act officially went into effect, and it changes many things about the way Americans plan and prepare for retirement. If you’re not yet familiar with the SECURE Act, it’s important to understand how the changes it implements will impact your retirement plans—particularly if you’re close to retirement age. If you have any questions regarding your retirement planning, please feel free to reach out to us. In the meantime, this article should give you an overview of the biggest changes the SECURE Act has introduced.

From selling handmade goods online to freelance consulting or running your own registered business, there are many ways in which a person can be self-employed. In fact, having a “side hustle,” as it’s often called, is quite common these days, which makes it that much more important for taxpayers to understand how their self-employed income is taxed. This article will give you a brief introduction to self-employment taxes, what they are, why you pay them, and how you pay them. If you need assistance filing your tax return, contact our accounting firm today.

Many people who have never utilized a professional tax preparer or CPA seem to think that you absolutely must find a local tax professional to work with them. And while there are many benefits to having your tax preparer be someone you can meet with face to face, Demian & Company provides the same personalized, expert tax and accounting services to businesses and individuals to customers across the country as we do to those who live in our own backyard. Keep reading to learn more about our service areas and how we can provide this level of service no matter where you are.