The accountants at Dennis & Associates offer clients more than thirty years of accounting experience for businesses with revenues between $500,000 and $5 million. We are proud to sustain GAAP standards. For more information, please reach out to me at david@dennisassociates.com or call (617) 479-6300. Danielle Deeb Jennifer Amate #accounting #businesses #GAAP
Dennis and Associates, P.C.
会计
Quincy，MA 50 位关注者
Helping our clients build extraordinary businesses.
关于我们
Our vision is very simple. We are focused on one thing. We help our clients create extraordinary businesses. Specializing in closely held, family-owned businesses, Dennis & Associates has a basic philosophy that President David Dennis sums up as, "We’re an entrepreneurial firm, much like many of our clients. We¹re not typical accountants. In fact, our entire focus is on advice on helping our clients be more successful." Building lifelong client and employee relationships based upon mutual confidence and teamwork.
- 网站
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http://www.dennisassociates.com
Dennis and Associates, P.C.的外部链接
- 所属行业
- 会计
- 规模
- 11-50 人
- 总部
- Quincy，MA
- 类型
- 私人持股
- 创立
- 1995
- 领域
- Certified Public Accountants、QuickBooks ProAdvisors和Tax Advisory Services
地点
Dennis and Associates, P.C.员工
动态
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Our clients rely on the accountants at Dennis & Associates to review financial statements as part of our services to keep their bottom line strong. We understand what income statements, balance sheets, cash flow statements, and statements of changes in equity mean for our clients’ financial health. If you are a business owner with annual revenues between $500,000 and $5 million, please reach out to us at 617-479-6300. Danielle Deeb Jennifer Amate #accountant #cpa #incomestatement #balancesheet #cashflowstatement #statementofchangesinequity
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Attention Business Owners: Don’t Miss the New Beneficial Ownership Info (BOI) Filing Requirement! Starting January 1, 2025, corporations, LLCs, and other similar entities are required to submit a Beneficial Ownership Information (BOI) report with FinCEN as part of the Corporate Transparency Act. Some entity exemptions apply. Key deadlines: • Existing Companies (formed before Jan 1, 2024): File by Jan 1, 2025. • New Companies (formed on or after Jan 1, 2024): File within 90 days of creation. Failing to file may lead to fines or even imprisonment. Please reach out to us at (617) 479-6300 or send an email to me at david@dennisassociates.com to make sure you are compliant or if you need assistance filing. #BeneficialOwnershipInfo #BOI #FinCEN #CorporateTransparency #TaxCompliance #BusinessOwners
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As an S Corporation owner, paying yourself a "reasonable salary" is essential to stay compliant with IRS guidelines. This salary must reflect the value that similar enterprises would pay for comparable work. Common myths, like using a 50/50 split of profits or maxing out at the Social Security limit, don’t meet the IRS’s standards. Instead, reasonable compensation should be based on a fact-driven approach, considering industry data, job duties, and company size. The IRS often evaluates this through three methods: the Cost Approach (assigning pay to each role the owner performs), the Market Approach (comparing to similar jobs in the industry), and the Income Approach (ensuring profit supports a fair return). With IRS scrutiny on the rise, S Corporation owners and tax professionals should document thoroughly to defend compensation decisions, ensuring a compliant and financially sound business structure. #SCorporation #IRSCompliance #TaxTips #BusinessOwners
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Enhanced Catch-Up Contributions Under SECURE 2.0 for Ages 60-63 Starting in 2025, individuals aged 60, 61, 62, or 63 will be eligible for a new enhanced catch-up contribution limit in their 401(k), 403(b), or 457(b) plans. This special provision allows contributions greater than $10,000 or 150% of the regular catch-up limit. For 2025, this means individuals in this age group can contribute up to $11,250 (150% of the expected $7,500 catch-up limit). Importantly, you must only reach age 60, 61, 62, or 63 at any point during the calendar year to qualify. Suppose you're looking to boost your retirement savings in the final years before retirement. In that case, this is a significant opportunity to maximize contributions. For those earning over $145,000, these catch-up contributions must be made to a Roth 401(k) or similar account, meaning after-tax contributions will be required. As always, it's a great idea to consult your tax and financial advisor to see how these changes fit into your retirement strategy! #Retirement #401k #SECURE2Act #FinancialPlanning #CatchUpContributions #RetirementSavings
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The State of MA Unveils New Web Portal to Assist Small Businesses In an announcement this week, Economic Development Secretary Yvonne Hao introduced a new program to support small businesses across Massachusetts. The "Business Front Door" initiative offers personalized, one-on-one guidance to help businesses tackle various challenges. As a simplified entry point, the web portal enables business owners to submit information about their specific needs related to permits, relocation advice, or accessing other state resources. The platform will then connect users with the appropriate state experts, helping to reduce the time and effort required to obtain assistance.
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Dennis & Associates works with businesses with annual revenues between $500,000 and $5 million. Please reach out to us to learn more about how our business management and business development services can help you grow your revenue. To learn more about our accounting services, please reach out to us at 617-479-6300 or visit us online at https://lnkd.in/eYc8mESA. #accounting #annualrevenue #businessmanagement #businessdevelopment
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Dennis & Associates, P.C. works with small businesses that would like to grow financially, but need business development guidance. We help our clients achieve this goal, by helping them set realistic expectations. For more information, please call us at 617-479-6300 or visit online at www.https://dennisassociates.com/. Danielle Deeb Jennifer Amate #accounting #cpa #growfinancially #businessdevelopment
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