Blog - John F. Dennehy Jr., CPA, PC
John F. Dennehy Jr., CPA, PC

Unlock the Concert of Benefits of a Solo 401 (k) for the Self Employed

Small business owners represent the life and heartbeat of the United States economy. There are a staggering 31.7 million small businesses spread out across different industries. Small business owners enjoy an array of benefits associated with ownership, including independence, financial rewards, exceptional lifestyle, the ability to write off business expenses for taxation, following their passion, and […]

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The Convenience of Employer Rule: Tax Implications of Working Remotely from Another State

Amid the global pandemic, the face and nature of work quickly evolved from in-office to a work-from-home, remote employment landscape. While the new arrangement offers a number of key benefits — including convenience — these benefits are coming at a tremendous cost. Remote workers in New York and the surrounding states may be subject to double […]

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How to Avoid Small Business Scams & Not Be the Next Statistic

We get it — growing your small business and seeing it to success is paramount. However, taking shortcuts or cutting corners will hardly ever net the returns your small business deserves. Even worse, falling victim to scams and nefarious activities can totally derail small businesses.As such, it’s imperative for you to be able to identify […]

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Answering the Most Common Tax Questions for Businesses & Individuals

If you’re a business owner, you most likely have tax questions and tax concerns. Simply put, it makes dollars and sense to partner with an experienced tax professional for personalized guidance and advice.Whether it’s a question about your personal taxes, including earned income tax credit, child tax credit, or a question about your business taxes, […]

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The Top 5 Most Overlooked Small Business Tax Tips

Each year when tax income time rolls around, small business owners start looking for ways to maximize their deductions and minimize their tax liability. After all, nobody likes to pay taxes in excess —if they can avoid it. But if you wait until tax filing time to start preparing, it’s already too late for you to […]

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How to Choose the Right Accountant & Why It’s Critical

Although the average business owner doesn’t acknowledge it, taxes and tax returns are critical to long-term small business success. If you think about it, the reasons for that are obvious.The first reason is that a small business only pays taxes when it’s making money. And the second reason is that failure to pay taxes due […]

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Tax Planning vs Financial Planning: Foes or Friends

As a business owner, you work hard to earn a living and grow your business. However, if your tax planning and financial planning aren’t working together in tandem, you’re leaving money on the table. Fortunately, the team at John F. Dennehy CPA can help.We specialize in offering financial planning and tax planning services for small […]

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Questions to Ask Any Long Island Tax Accountant Before Hiring Them

Do you know the questions to ask a Long Island NY tax accountant during the consultation before hiring them? Just as you would screen any potential employee and ask questions about their experiences, it’s imperative to do the same with a potential accounting firm.In either case, many factors can affect your decision, including how much […]

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Taxes

What Are the Benefits of Doing Taxes Quarterly?

As a self-employed professional or business owner, paying estimated taxes quarterly on your business income provides many benefits. When you earn money over the course of the year as a self-employed business owner, the government requires that you pay taxes, so that they can collect revenue from your earnings.One of the best ways to pay […]

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The Simple 5-Minute Cryptocurrency Tax Guide You Can Understand!

As if taxes weren’t already confusing enough, cryptocurrency trading adds a new, complex dimension. Fortunately, John F. Dennehy CPA has created a simple cryptocurrency tax guide you can actually understand. Let’s take a closer look at the crypto tax guide. And if you would like more personalized guidance and tax-saving strategy assistance, don’t hesitate to reach […]

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