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
IRS Delays Start of Tax Filing Season to Feb. 12
The IRS announced that the nation's tax season will start on Friday, February 12, 2021, when they will begin accepting
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Educate yourself about the revised tax benefits for higher education
Attending college is one of the biggest investments that parents and students ever make. If you or your child (or
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President Trump Signs Coronavirus Relief Bill
  President Trump on Sunday night signed into law the $900 billion COVID-19 relief bill passed Dec. 21 by Congress.
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Can you qualify for a medical expense tax deduction?
You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However,
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PPP Loan…What Expenses Are Deductible?
As previously communicated in Notice 2020-32, the IRS stated its position that business expenses paid with Paycheck Protection Program (PPP)
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Join us for our annual client seminar!
  Zoom in Friday for our annual client seminar! In true 2020 fashion, we are going virtual this year. Learn
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Paycheck Protection Program Loan Necessity Questionnaire
Last week, the SBA released finalized forms for a PPP Loan Necessity Questionnaire.   Businesses and not-for-profits that received $2
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Another Round of 2020 BWC Refunds for Ohio Employers
The Ohio BWC announced this week that they are issuing a $5 billion dividend to ease the financial pressures organizations
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Small Business Relief Grant
The Small Business Relief Grant is designed to provide relief to Ohio businesses that have been negatively affected by COVID-19.
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PPP Loan Forgiveness Relief for Small Borrowers
The SBA and Treasury Department released additional guidance related to the Paycheck Protection Program (PPP) this week. The guidance covers
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The easiest way to survive an IRS audit is to get ready in advance
IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among
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Tax implications of working from home and collecting unemployment
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information
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