AVM DeMars CPAs LLP

09/03/2026

With several months left in 2026, reviewing your tax situation now can help you make informed decisions that may affect your tax liability for next year. As part of your year-end tax planning, consider factors such as:

➡️Retirement contributions
➡️State and local tax deductions
➡️Investment outcomes
➡️Charitable donations
➡️Business-related purchases

Evaluate your options before December 31 to take advantage of strategies available this year. Our recent blog post outlines several tax strategies for individuals and business owners to evaluate before the end of the year.

Read the full blog: https://www.avmdemars.com/post/year-end-tax-planning-checklist-for-individuals-and-business-owners-2026-guide



📍Long Island | New York | Connecticut | New Jersey

The actions that change your outcome— retirement contributions, entity elections, income timing, and expense tracking— have hard deadlines that you need to account for before December 31st.

09/01/2026

September 15 is an important tax deadline to have on your calendar. If you’re self-employed, own a business, earn freelance or investment income, or have other income that isn’t subject to withholding, you may be responsible for making quarterly estimated tax payments. Missing or underpaying an estimated payment can potentially result in penalties, so don’t wait until tax season to find out where you stand.

If you’re uncertain about your estimated tax requirements or payment amounts, consider consulting with our tax professionals to evaluate your financial situation and plan ahead.

Learn more: https://www.avmdemars.com/



📍Long Island | New York | Connecticut | New Jersey

08/26/2026

Business growth is exciting, but it can also create new financial challenges. As your business expands, your bookkeeping, payroll, reporting, and tax responsibilities become more complex. Having the right financial systems in place helps support sustainable growth and keeps your business running smoothly.

If your business is growing, it may be time to review whether your accounting processes are growing with it.

Learn more: https://www.avmdemars.com/

08/24/2026

Receiving an IRS audit notice doesn't automatically mean you've done something wrong, but it does mean you'll need accurate records and documentation to support your tax return.

The best time to prepare for an audit is before you receive a notice.

Keeping organized financial records, separating business and personal expenses, saving receipts, and reconciling your books throughout the year can make the process much less stressful.

Our latest blog explains what can trigger an audit, what documents you should keep, and how individuals and business owners can be audit-ready year-round.

Read the full blog: https://www.avmdemars.com/post/how-to-prepare-for-a-tax-audit-what-individuals-and-businesses-should-do-now

An IRS audit is a review of a person's or organization's books, accounts, and financial records to make sure the information and amount reported on a tax return are correct. Just because you receive a tax refund, it doesn’t mean you're safe from audit selection, and amending your tax return doesn'...

08/21/2026

Owner compensation should align with your business structure and long-term tax strategy. The way you pay yourself may affect payroll requirements, taxes, retirement planning, and overall financial efficiency. Reviewing your compensation strategy regularly can help ensure it continues to support your business goals.

Learn more: https://www.avmdemars.com/

08/19/2026

Your financial reports tell the story of your business, but only if you know how to read them. Understanding key reports like your Profit & Loss Statement, Balance Sheet, Cash Flow Statement, Accounts Receivable Aging Report, and Budget vs. Actual Report can help you make smarter decisions, improve cash flow, and plan for future growth.

Need help with your tax planning? Reach out to AVM DeMars today at 516-248-9100 or visit our website at https://www.avmdemars.com

08/17/2026

Summer is a great time to step back and evaluate how your business is performing before the busy fall season begins.
Take a close look at your:
➡️Cash flow
➡️Expenses
➡️Profitability
➡️Financial goals.

A mid-year financial checkup can help identify opportunities, uncover potential issues, and keep your business on track for a strong finish to the year. Need help reviewing your numbers? AVM DeMars is here to help.

Learn more: https://www.avmdemars.com/

08/14/2026

Kelvin Garcia shares an important reminder for business owners: The halfway point of the year gives you valuable insight into where your business is headed. By reviewing your income and expenses now, you can make more informed decisions, better estimate your year-end tax liability, and avoid surprises later.

With only a few months left in the year, now is the time to assess your financial position and determine what steps you should take before year-end. A mid-year tax review can help you identify opportunities, make strategic adjustments, and finish the year on stronger financial footing.

If you haven't checked in on your business finances yet, it's not too late. Contact AVM DeMars to schedule a mid-year tax planning review and prepare for a successful finish to the year.

https://www.avmdemars.com/

08/11/2026

No one wants to receive an IRS audit notice, but being selected for an audit doesn't automatically mean you've done something wrong.

Many audits are triggered by issues such as unreported income, inaccurate deductions, poor recordkeeping, or discrepancies in a tax return. The good news is that many of these risks can be reduced with organized financial records and accurate reporting.

Our latest blog explains some of the most common IRS audit red flags and shares practical tips to help individuals and business owners stay prepared.

Read the full blog: https://www.avmdemars.com/post/what-triggers-an-irs-audit-common-red-flags-to-avoid

While some IRS audits can be random, there are plenty that stem from the same handful of red flags. There's no reason why you shouldn't take steps to avoid committing these faux pas.

07/30/2026

Nothing means more to us than the trust our clients place in our team. At AVM DeMars, we're committed to building lasting relationships by providing responsive service, personalized guidance, and support our clients can count on year after year.

Thank you to our clients for allowing us to be part of your financial journey.

Learn more about our services: https://www.avmdemars.com/