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

Category Archives for Small Business

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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Small Businesses

7 Highly-Effective Year-End Checklist Items for Small Businesses

As a small business owner, the end of the year isn’t just a time where you can croon Auld Lang Syne over Champagne! Instead, there are seemingly countless things you must do, which is why having a year-end checklist for small businesses makes dollars and sense.  At John F. Dennehy CPA, we completely understand there are […]

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Small Business

Top Small Business Budgeting Tips Every Business Owner Should Use

If you’re a business owner, you have a lot on your plate and utilizing the best small business budgeting tips may not be at the top of the pecking order. However, it should be! Your ability to develop a small business budget is critical to virtually everything you do. Let’s take a look at a […]

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Considerations for Creating a Small Business Audit Checklist for the IRS

When most people hear the word “audit,” red flags go up; and their minds automatically jump to the dreaded Internal Revenue (IRS) audit. Yes, the IRS is a type of audit, but it’s not the only audit you should be prepared face.  Many businesses, especially larger ones, regularly conduct internal audits to make sure their books […]

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Why Should Startups Know How to Forecast Revenue for a New Business

Whatever your short-term and/or long-term goals, every startup business needs to know how to forecast revenue for a new business. Financial forecasting will help you have a clearer picture of the steps you should take today to help your business achieve its goals. At the same time, if you ever need more funding, your financial […]

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