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
Maximize your year-end giving with gifts that offer tax benefits - federal gift taxes
As the end of the year approaches, many people start to think about their finances and tax strategies. One effective
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Eyes on the income statement
When reviewing their income statements, business owners tend to focus on profits (or losses). However, focusing solely on the bottom
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Tax Strategies: Make year-end tax planning moves before it’s too late!
With the arrival of fall, it’s an ideal time to begin implementing tax strategies that could reduce your tax burden
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Cutoffs: When to report revenue and expenses
Timing is critical in financial reporting. Under accrual-basis accounting, the end of the accounting period serves as a “cutoff” for
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Silent PPOs : Client Alert Photo
For many years, the ODA has reported on their vigilant attempts to silence the "silent PPO." Also known as ghost
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Is your home office a tax haven? Here are the rules for deductions
Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of
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Key Points from Dr. Bezbatchenko's Interview Career Transition and Specialization Motivation: Dr. Bezbatchenko specialized in TMJD and dental sleep therapy
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CFO candidates need more than accounting skills
Is your company planning to hire a new CFO? A recent survey found that hiring managers look for more than
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Strong internal controls and audits can help safeguard against data breaches
The average cost of a data breach has reached $4.88 million, up 10% from last year, according to a recent
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Are you liable for two additional taxes on your income?
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a
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Review real-time data with flash reports
It usually takes between two and six weeks for management to prepare financial statements that comply with the accounting rules.
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Take charge of working capital management
Proactive working capital management is essential to successful business operations. However, on average, businesses aren’t managing their working capital as
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