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

How to get more from your company’s income statement

What do you do with your financial statements after your CPA delivers them? If you’re like most business owners and

Demystifying deferred taxes

Deferred taxes are a confusing topic — and the accounting rules for reporting these items often seem to defy the

Are Your Employees Engaged? Does it Matter?

Are Your Employees Engaged? Does it Matter? Most small business owners know the frustration of hiring the wrong person

Close-up on sources of substantive audit evidence

Organizations that understand how auditors verify account balances and transactions can minimize disruptions during audit fieldwork and maximize the effectiveness

Tap into specialized functions in QuickBooks

QuickBooks® provides an all-in-one solution that helps some small and medium-sized businesses manage their finances. While QuickBooks provides the accounting

Now hiring: 10 questions to ask bookkeeper candidates

Are you looking for someone to manage the books and records for your small business? Whether you’re operating a startup

Common accounting pitfalls for startups to avoid

Accounting is a critical element when launching a successful business venture. Unfortunately, it’s also an area where startups tend to

Retirement plan early withdrawals: Make sure you meet the requirements to avoid a penalty

Most retirement plan distributions are subject to income tax and may be subject to an additional penalty if you take

Auditing accounting estimates

When companies report financial results, they often rely on estimates made by management. Examples include the allowance for doubtful accounts,

5 benefits of outsourcing your accounting needs

CPA firms do more than audits and tax returns. They can also help you with everyday accounting-related tasks, such as

Employers should be wary of ERC claims that are too good to be true

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the

SECURE 2.0 law may make you more secure in retirement

A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t

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