Blog - Page 3 of 6 - John F. Dennehy Jr., CPA, PC
John F. Dennehy Jr., CPA, PC

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. […]

Continue reading
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 […]

Continue reading
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, […]

Continue reading
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 […]

Continue reading
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 […]

Continue reading
Disadvantages of C-Corp

Should the Disadvantages of C-Corp Make You Reconsider Starting a Business?

Starting a business is an exciting venture and can be a viable pathway to fulfilling your dreams. However, before you choose a C-corporation, it’s imperative you have a clear understanding of the benefits of a C-Corp as well as the disadvantages of a C-Corp.  Failure to understand and consider the potential disadvantages of C-Corp can […]

Continue reading
Benefits of C-Corps

How Do the Benefits of C-Corps Make Business Easier

The benefits of C-Corps are one of the primary reasons these types of business entities dominate American business. Simply put, there are far more C corporations than any other type of business in the U.S. While there are numerous reasons to explain their popularity, the main and most attractive benefits of a C-Corp include: Limited […]

Continue reading
S-Corp vs C-Corp

S-Corp vs C-Corp: Which Business Structure Is Best?

Differences Between an S-Corp vs C-CorpThere are several important differences between these kinds of corporations. One of them has everything to do with taxation. C-corporations are widely regarded as tax-unfriendly entities, the primary complaint being “double taxation.” The business entity is taxed by the government with corporate income taxes, and the personal income of the […]

Continue reading

5 Disadvantages of an S Corporation That Can Seem Like Advantages

If you’re at a point of deciding what kind of business structure to form for your new enterprise, it’s important to know your options. LLCs and S corps have a lot in common, and also a lot of differences. The tax differences between these two are especially important to understand. Any entrepreneur can appreciate the benefits […]

Continue reading

Weighing the Benefits of an S Corporation to the Disadvantages

It’s your business and livelihood. You’ve worked hard to build, nurture, and establish them both; and the benefits of an S Corporation may be the best way to protect it all. An S Corporation or S Corp is similar to a type of corporation — offering investment opportunities, the ever-so-important protection of limited liability, and […]

Continue reading