Payroll is one of your most important tasks as a small business owner. If you don’t pay your people in a timely and accurate fashion, you’ll soon lose your employees. Without employees, your business activities will grind to a halt. If you want to retain your team members, payroll processing must be a top priority.Doing […]
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Proper cash flow management is essential to the success of your small business. If you want to have a thriving company, then you’ll need more money coming in than going out. You’ll also need to know where your money is.While you might instinctively know those facts to be true, you may be getting hung up […]
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You want the best employees for your small business. To attract — and keep — them, you need a full lineup of enticing benefits. A robust retirement plan should be part of your compensation package.If you’ve never offered an employee retirement plan before, you may be unsure where to begin. The first step is to […]
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Small business owners represent the life and heartbeat of the United States economy. There are a staggering 31.7 million small businesses spread out across different industries. Small business owners enjoy an array of benefits associated with ownership, including independence, financial rewards, exceptional lifestyle, the ability to write off business expenses for taxation, following their passion, and […]
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Amid the global pandemic, the face and nature of work quickly evolved from in-office to a work-from-home, remote employment landscape. While the new arrangement offers a number of key benefits — including convenience — these benefits are coming at a tremendous cost. Remote workers in New York and the surrounding states may be subject to double […]
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We get it — growing your small business and seeing it to success is paramount. However, taking shortcuts or cutting corners will hardly ever net the returns your small business deserves. Even worse, falling victim to scams and nefarious activities can totally derail small businesses.As such, it’s imperative for you to be able to identify […]
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If you’re a business owner, you most likely have tax questions and tax concerns. Simply put, it makes dollars and sense to partner with an experienced tax professional for personalized guidance and advice.Whether it’s a question about your personal taxes, including earned income tax credit, child tax credit, or a question about your business taxes, […]
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Each year when tax income time rolls around, small business owners start looking for ways to maximize their deductions and minimize their tax liability. After all, nobody likes to pay taxes in excess —if they can avoid it. But if you wait until tax filing time to start preparing, it’s already too late for you to […]
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Although the average business owner doesn’t acknowledge it, taxes and tax returns are critical to long-term small business success. If you think about it, the reasons for that are obvious.The first reason is that a small business only pays taxes when it’s making money. And the second reason is that failure to pay taxes due […]
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As a business owner, you work hard to earn a living and grow your business. However, if your tax planning and financial planning aren’t working together in tandem, you’re leaving money on the table. Fortunately, the team at John F. Dennehy CPA can help.We specialize in offering financial planning and tax planning services for small […]
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