As a business owner, it’s imperative you know whether you should pay your taxes quarterly or yearly. While individuals pay their federal income tax as they receive or earn income throughout the year, the process can look a little to a lot different for small businesses and individual contractors. This difference is due to the […]
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COVID-19 changed everything, including taxes. But it didn’t change the importance of having a robust end-of-year tax planning checklist. In fact, it’s more important than ever for you to have an end of year tax planning checklist. Considering all of the legislative changes and modifications, your end of the year tax planning checklist can be […]
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When it comes to taxes, most people take the most obvious tax deductions, pay their tax bill, and move on. However, what if there are individual tax strategies you could be utilizing to lower or eliminate your tax liability outright? At John F. Dennehy CPA, we are a team of experienced tax accounting professionals who specialize […]
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Even if you have a CPA prepare your federal and/or state taxes, they can only help you save money if you have kept adequate records and made smart decisions throughout the year. To put it simply, the best small business tax strategies will revolve around the steps you can take throughout the year to plan […]
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If you’re looking to start a business, it behooves you to understand the most common types of business entities. Understanding and choosing the right type of business entity can help you achieve your short term and long term goals, such as: Keep your personal and business assets separate Establish and build business credit Enjoy the […]
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If you are asking yourself, “How do I start a partnership in New York?” you’ve come to the right place. At John F. Dennehy CPA, our business consulting experts have helped several entrepreneurs and business owners throughout the New York area navigate the process of starting partnerships. Due to the various types of partnerships available and […]
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Are you looking to learn how to form an S Corporation in New York? If so, the experts at John F. Dennehy CPA offer several decades of experience helping business owners make the most intelligible decision. We will work closely with you to help you understand all of your options, and we’ll provide tailored suggestions […]
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Are you looking to learn how to form a C Corporation in New York? If so, understand that there are several tedious steps to making that happen. At the same time, there are several caveats and nuances that only experience can teach. Fortunately, you don’t have to do it alone. At John F. Dennehy CPA, we’ve […]
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Are you looking to learn how to form an LLC in New York? If so, you’ve come to the right place. The experts at John F. Dennehy CPA offer decades of experience helping entrepreneurs and business owners form an LLC. While some people may be experienced forming an LLC in New York, the process can […]
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Whether you are just starting out or looking into expanding your geographic borders, it’s a good idea to research forming an LLC in a different state. Limited Liability Companies (LLCs) are a popular choice because they are inexpensive, quick, and easy to form. You can usually curtail some of the more onerous compliance issues larger […]
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