Whalen CPAs: Blog

Discover Our Thoughts on Important Accounting Topics.

We understand that constantly changing tax laws can get confusing. That is why we keep our blog updated on tax policies that could affect the life and business of our clients. If you have any questions regarding an article featured on our blog, please contact the experts at Whalen CPAs for more information. Want info delivered right to your inbox – Subscribe Now

The importance of collecting and analyzing patient data

In today's healthcare landscape, data is king. Data is crucial to keeping track of the business aspects of practice and

Best practices for managing patient appointments and scheduling

Patient appointment scheduling is an essential part of any healthcare practice. It can be a daunting task, but it is

The benefits of having a well-trained front office team

The front office team is the first point of contact for your customers. They are responsible for making a good

Why some small businesses are switching to tax-basis reporting

Accrual-basis financial statements are considered by many to be the gold standard in financial reporting. But with the increasing cost

Are you married and not earning compensation? You may be able to put money in an IRA

When one spouse in a married couple not earning compensation, the couple may not be able to save as much

Why can’t my profitable business pay its bills?

If your profitable business has trouble making ends meet, it’s not alone. Many business owners mistakenly equate profits with cash

Is QuickBooks right for your nonprofit?

Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they

How to leverage AI in your accounting department

Many people speculate that artificial intelligence (AI) will replace humans for certain work-related tasks in the future. But accounting and

Keeping careful business records for meal and vehicle expenses can safeguard your tax deductions. Here are some DOs and DON’Ts.

Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases,

Overview of discontinued operations reporting

Traditional business models in many sectors have been disrupted by the COVID-19 pandemic, geopolitical uncertainty, rising costs, and falling consumer