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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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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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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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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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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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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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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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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As a business owner, you have no shortage of tasks and responsibilities vying for your attention, so it’s critical you know which small business KPIs (key performance indicators) are the most impactful. The right small business KPIs will help you determine if you’re dedicating too much time, effort, and money on something that doesn’t offer […]
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If you own and run a business, it makes dollars and sense to know a few of the top bookkeeping best practices for small businesses. Managing and ensuring your books are in order is an important part of running a successful business. Without proper bookkeeping, you may not know how much is coming in and […]
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