Whalen CPAs: Firm News

What’s New at Whalen CPAs?

Exciting things are always happening at Whalen CPAs! Stay abreast of firm news and Contact Us if you have any questions.

It’s almost time for a midyear checkup on your company’s financial health
Interim financial reporting is essential to running a successful business. When reviewing midyear financial reports, however, you should recognize their
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4 cost-cutting areas to help your business boost profits
Many businesses focus on selling more products and services to boost profitability. But sales volume alone doesn’t necessarily raise profits.
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How to communicate accounting information to laypeople
Accurate, timely financial information is key to making good decisions for executives, board members, investors, and other stakeholders. But not
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Turning a hobby into a business? Pay attention to the tax rules
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open
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Taxes when you sell an appreciated vacation home
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about
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Turning a hobby into a business? Pay attention to the tax rules
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open
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6 tips for lowering energy costs to boost profits
Earth Day (April 22) is a good time to evaluate what your business can do to protect the planet’s natural
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A tax-favored retirement plan sits on a table with a graph and pair of glasses
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current
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inventory management
Inventory management is a key balance sheet item for many companies. Depending on the nature of your operations, inventory may
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Auditing WIP today
External auditors spend a lot of time during fieldwork evaluating how businesses report work-in-progress (WIP) inventory. Here’s why this warrants
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02:Whalen Wisdom Hub - Exclusive Interview With Dr. Michael Pappas
Summary In a recent interview with Dr. Michael Pappas, a seasoned dentist and practice owner, we uncovered valuable insights into
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5 Signs Your Dental Practice Needs a Makeover (and How to Fix It!)
Is your dental office feeling the squeeze? Rising costs and staffing woes are plaguing practices nationwide. But fear not, you're
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