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
Under U.S. Generally Accepted Accounting Principles (GAAP), financial statements are normally prepared based on the assumption that the company will
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Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called
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The updated lease accounting standard is currently in effect for private companies. After several postponements during the pandemic, the Financial
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If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key
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In the spirit of Independence Day, it’s a good time to review the rules for auditor independence. If you discover
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Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep
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The pandemic and the ensuing economic turmoil have put tremendous stress on businesses. Many companies that appeared healthy on the
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Alert! The Internal Revenue Service has announced an increase in the optional standard mileage rate for the remainder of 2022.
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Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several
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As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to
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The Ohio Supreme Court stated on Tuesday that it will hear Schaad v. Alder, one of five municipal income tax
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Recent supply shortages may cause unexpected problems for some businesses that use the last-in, first-out (LIFO) method for their inventory.
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To learn more, Contact Whalen CPAs today.