Small Business Archives - John F. Dennehy Jr., CPA, PC
John F. Dennehy Jr., CPA, PC

Category Archives for Small Business

Cash Flow vs Profit — Which is More Important on a Balance Sheet?

Cash flow and profit are two important financial parameters for determining the health of a business. Many business owners are eager to look at financial statements in order to determine how to plan ahead, but they often get mixed up on how to properly interpret financial data. One of the most common questions is, “Should I […]

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Top Ways to Improve and Simplify Your Expense Tracking Strategy

As a business owner, it’s imperative you use every tool at your disposal to improve your expense tracking strategy. However, it’s often easier said than done. Expense tracking or expense management is the process and systems you have in place to request, authorize, and pay expenses. Whether the expenses are travel-related, entertainment, or any other business-related […]

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How to Move a Business to Another State Like a Seasoned Pro

Whether new opportunity presents itself or you’re just looking for a change of scenery, understanding how to move your business to another state may be a critical part of your process. And if it is, the team at John F. Dennehy CPA can and will help. We are a knowledgeable team of CPAs, accountants, and business […]

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7 Tips to Small Business Expense Tracking

If you’re self-employed or a small business owner, chances are bookkeeping isn’t something you got into your profession to do. Nevertheless, as you start to earn more money, small business expense tracking should become an ever more critical part of your everyday routine. If you’re waiting until tax season to be concerned about small business expense […]

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10 Key Small Business Tax Strategies You Should Know

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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How to Form a Partnership in New York?

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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C Corporation

How to Form a C Corporation in New York Like a Pro

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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LLC

How to Form an LLC in New York Like a Pro

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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Small Business

1099 vs W2 Employees: Simple Guide for Small Business

We get it: trying to decipher the differences between 1099 vs W2 employees for small businesses can be confusing. However, it’s critical you have at least a basic understanding of how to classify different workers.  Even if you use an accountant or a payroll service to manage your payroll, it behooves you to understand the relationship. […]

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Cash Flow

Balancing the Advantages and Disadvantages of Cash Flow Forecasting

In life, everything must be balanced; and the advantages and disadvantages of cash flow forecasting are no different. Cash flow forecasting is the process of estimating the future financial position of your company. As a core component of planning and financial management, cash flow is a powerful business KPI primarily based on your projected receivables […]

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