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 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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Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those
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That’s right! Columbus has announced that they will be allocating an additional $8 million to a grant program for small
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Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from
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The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax
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Starting in fiscal year 2022, all entities — except nonprofit organizations in the scope of Topic 958, Not-for-Profit Entities, and employee
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To learn more, Contact Whalen CPAs today.