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John F. Dennehy Jr., CPA, PC

Small Business

5 Small Business KPIs to Determine the Health of Your Business

As a business owner, you have no shortage of tasks and responsibilities vying for your attention, so it’s critical you know which small business KPIs (key performance indicators) are the most impactful. The right small business KPIs will help you determine if you’re dedicating too much time, effort, and money on something that doesn’t offer […]

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Bookkeeping Mistakes

Beware Don’t Make These Common Bookkeeping Mistakes

Common bookkeeping mistakes can easily drive business owners crazy! Similar to common tax mistakes for small businesses, bookkeeping mistakes can be expensive and have long-running implications. Instead of falling victim and dealing with the ramifications, the experienced accounting experts at John F. Dennehy CPA have you covered! We are a team of professional accounting specialists […]

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Prepare for Next Year’s Taxes

4 Simple Tips to Prepare for Next Year’s Taxes

Savvy business owners understand tax season is a year-round event; and as soon as the tax deadline passes, they’re able to shift their focus more toward preparing for next year’s taxes. Failure to prepare for next year’s taxes early often results in you paying Uncle Sam way more than you should.  However, when you proactively […]

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Common Tax Mistakes

5 Expensive Common Tax Mistakes for Small Businesses

While few businesses enjoy doing taxes, making common tax mistakes can turn an already painstaking process into a nightmare. In either case, your business is your livelihood, and you’ve worked tirelessly to put best practices in place to ensure your success. Because you wear so many hats each and every day, the chances of you […]

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Tax Returns

Watch Out! Don’t Raise These 5 IRS Red Flags on Tax Returns

It’s tax season, which means it’s imperative for you to know the most popular IRS red flags on tax returns. Whether you have a sole proprietorship, S-Corp, partnership, corporation, or any other type of business, the Internal Revenue Service will utilize an array of human and automated processes to quickly select which tax returns should […]

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Tax Deductions

5 Little Known Tax Deductions That Can Make a Big impact

If you’re like most of us and are looking to increase your tax refund or lower your tax bill, you should make sure you pay special attention to little known tax deductions. Failure to do so means you could be leaving hundreds or thousands of dollars on the table when you file your tax return. […]

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Bookkeeping Best Practices

Top 7 Bookkeeping Best Practices For Small Businesses

If you own and run a business, it makes dollars and sense to know a few of the top bookkeeping best practices for small businesses. Managing and ensuring your books are in order is an important part of running a successful business. Without proper bookkeeping, you may not know how much is coming in and […]

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Bookkeeping Practices

7 of the Best Bookkeeping Practices for Small Businesses You Can Use Today

Running your own business can be an exceptionally rewarding — but tough — process. However, running a business of any size is simply unimaginable without a reliable system. If you have solid financial records, you’ll be able to streamline the management of debts, deposits, as well as any items you’ve sold on credit.  In contrast, […]

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Hiring an Accounting Professional

5 Benefits of Hiring an Accounting Professional

Just as you turn to a mechanic for automotive assistance or a physician for healthcare solutions, the benefits of hiring a professional accountant can’t be understated and shouldn’t overlooked. Besides, your business needs you. From scheduling to hiring to shipping, your business acumen is crucial. You’ve established and built your business, and you know best how […]

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Quarterly Taxes

Do I Need to Pay Quarterly Taxes for My Business?

At John F. Dennehy CPA, one of the most common questions we receive from businesses is “Do I need to pay quarterly taxes?” Unfortunately, the answer to this question depends on the type of business you own as well as other factors.  Even though April 15th is the well-publicized tax deadline, certain types of business […]

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