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
Financial statements tell only part of the story. Investors, lenders and other stakeholders who know how to identify red flags
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What are the tax consequences of selling property used in your trade or business? There are many rules that can
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Many companies have an internal audit department that tests whether the organization is accurately reporting financial results and complying with
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In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If
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In today’s volatile economy, many businesses and nonprofits have been required to write down the value of acquired goodwill on
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The tax filing deadline for 2021 tax returns is April 18 this year. After your 2021 tax return has been
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In recent years, accounting rule makers have issued guidance that requires certain items on the balance sheet to be reported
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If you’re an investor in mutual funds or you’re interested in putting some money into them, you’re not alone. According
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Small businesses may start off using the cash-basis method of accounting. But many eventually convert to accrual-basis reporting to conform
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Major events or transactions — such as a natural disaster, a cyberattack, a regulatory change or the loss of a
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Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the
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Business transactions with related parties — such as friends, relatives, parent companies, subsidiaries and affiliated entities — may sometimes happen
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To learn more, Contact Whalen CPAs today.