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Attaining GAAP compliance is as simple as 1,2,3 with the simple GAAP compliance checklist. Contact John F. Dennehy Jr. CPA, PC today to get started. Traditionally, achieving GAAP compliance has been a daunting and overwhelming process for businesses. GAAP or the generally accepted accounting principles serve as the standardizing accounting rule book for several businesses across […]
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Understanding how to track business expenses is one of the most important facets of accounting and bookkeeping. The premise behind tracking your expenses is simple: the higher number of tax deductions your business can take, the lower your overall taxable profit and tax bill will be. However, in order to qualify for these deductions, you must […]
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Accounting and bookkeeping can be an arduous and tedious task for any business. However, if your small business doesn’t keep a tight ship in regards to bookkeeping, taxes can be a true nightmare. Without an effective system for your small business, several things can and will fall through the cracks and end up costing you money. The […]
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With the proliferation of the Internet and popular tax software options, everyone asks “should I get my taxes done professionally or do them myself?” While painting the back deck may be a great weekend do-it-yourself project, your taxes involve complicated financial and tax codes. As a result, it’s always best to have a tax professional […]
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