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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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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Do you know the questions to ask a Long Island NY tax accountant during the consultation before hiring them? Just as you would screen any potential employee and ask questions about their experiences, it’s imperative to do the same with a potential accounting firm.In either case, many factors can affect your decision, including how much […]
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Choosing an accountant is a big deal, so it’s critical you know the top questions to ask your accountant. Contrary to popular belief, accountants are not one-size-fits-all. This means it’s important to work with an accountant who has experience working with businesses similar to yours. And once you find a potential candidate, you can dive […]
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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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Having a year end accounting checklist and closing procedures is critical to the long term success of your business. It’s important to start the new year with a fresh, clean slate that is correct and organized, so you’ll be poised for success. Whether you have an accountant on staff or use the expertise of an […]
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Your primary focus as a physician is patient care, but it makes dollars and sense to pay special attention to accounting for medical practices. In addition to being a physician, you’re also an entrepreneur tasked with running a profitable medical practice. This requires keeping accurate financial records and maintaining tax compliance. for a few […]
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Property management accounting can be painful — but it doesn’t have to be. Most new landlords are surprised to learn managing rental properties goes far beyond finding new renters and repairing leaky taps. These business owners must employ sound property management accounting practices to ensure the business runs smoothly and profitably. Failure to pay attention to […]
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If you failed to previously achieve your financial resolutions for the New Year, you’re not alone. According to the Journal of Clinical Psychology by the University of Scranton, a mere 8% of people actually achieve their resolutions for the New Year. However, this doesn’t mean you can’t refocus, rehone, and reinvigorate your financial resolutions for the […]
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