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

Identify reasons your company’s pretax profits may differ from its taxable income

Identify reasons your company’s pretax profit may differ from its taxable income

The pretax (accounting) profit that’s reported on your company’s income statement is an important metric. Lenders, investors, and other stakeholders

How to report contingent liabilities in your company’s financial statements

It’s critical for business owners and managers to understand how to present contingent liabilities accurately in the financial statements. Under

5 reasons outsourced bookkeeping tasks could be beneficial

Running a closely held business is challenging. Owners usually prioritize core business operations — such as managing employees, serving customers

Estate Planning & Social Security Workshop – Anne Treasure & David Reiniger

Here is a comprehensive overview of the key considerations for Estate Planning and Social Security based on our workshop. Estate

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

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

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

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

Silent PPO – Dental News Client Alert

For many years, the ODA has reported on their vigilant attempts to silence the "silent PPO." Also known as ghost

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

03:Whalen Wisdom Hub – Interview with Dr.Bez – Niche Practices and Ownership

Key Points from Dr. Bezbatchenko's Interview Career Transition and Specialization Motivation: Dr. Bezbatchenko specialized in TMJD and dental sleep therapy

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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