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There’s nothing scarier than the thought of being audited by the IRS, except maybe for being chased through the woods by an angry black bear. But while you might be able to lie down and cover your head and convince the bear to go away, the same tactic won’t have much effect on the IRS. So what should you do in the event of an audit? Well that depends on a couple of things.

Everyone knows that when you need your taxes done or some sort of auditing performed on your finances, a Certified Public Accountant is the way to go. After all, CPAs don’t just have a college degree backing up their expertise; they’ve also passed a strenuous and rigorous exam and sworn to uphold a code of ethics. However, there are also a variety of other services besides tax preparation and auditing that a CPA can assist you with.

Managing business accounts and books often requires a level of expertise and time investment that small business owners simply cannot afford to develop and maintain. While the ideal solution is often to hire a bookkeeper, a full-time employee doesn't fit into the budgets of many micro businesses, and it shouldn't have to.

April 18th was tax day, 2017 and the deadline for filing your taxes. If you're owed a refund, missing this deadline isn't necessarily a bad thing, but if you owe the IRS, not filing on time could result in heavy penalties and fees.

Accounts payable is one of the most important elements of your business, but it can be stressful and difficult, especially for newer business owners. Sending and receiving invoices is a process that takes time to get used to, especially if you've transitioned from traditional employment.

Preparing your own income tax return can be difficult, confusing, and, if you have investments or own your own business, potentially risky. This is especially true if you earn more than $100,000 per year, or own multiple assets around New Jersey.

Filing your taxes is never easy. Even if you're going to your CPA's office to have them handle most of the details, you still must make time, possibly take time off work, organize your paperwork and then go back to pick it up. While you could choose to e-file, and file your own taxes online, this isn't an ... read more.

Filing your taxes is a pain in your bank account. Unless you make very little, you owe money to the government, and if you make a lot, then you owe a great deal. Luckily, the IRS offers tax deductions for everyone from individuals and investors to small business owners to help you keep as much of your hard earned money as is possible.

Managing your finances is a crucial part of running any business, but unless you have the budget for a full time accountant, it is one that you will have to do yourself. Great bookkeeping is crucial to ...

Over the past 14 years, the tax and accounting experts at Demian and Company, LLC have proudly served our clients in Cranford New Jersey with personalized service and great accounting. Now, we have expanded our service area to become ...