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
Corporate Transparency Act
Corporate Transparency Act
As a business owner, you probably have heard of the new reporting requirement mandated by the Corporate Transparency Act (CTA).
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Dental Insurance Contracts Renegotiation
Dental Insurance Contracts Renegotiation
Happy 2024, Whalen dentists. January is a great time to re-evaluate your practice’s insurance plan participation. To assist dentists with
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ADA Standardized Form Changes
ADA Standardized Form Changes
Please be advised that the ADA has released an updated insurance claim form for 2024, which will go into effect
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Key Changes to Ohio's Commercial Activity Tax (CAT) and What They Mean for Businesses
Key Changes to Ohio’s Commercial Activity Tax (CAT) and What They Mean for Businesses
The Commercial Activity Tax (CAT) has undergone a significant transformation. Starting in 2024, businesses with taxable gross receipts of $3
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Deadline for Unclaimed Funds
Deadline for Unclaimed Funds
Attention Business Owners: State Requirement Alert! Don't miss the deadline for reporting and remitting all unclaimed funds ($50 or more)
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What are AUP engagements — and does your business need one?
What are AUP engagements — and does your business need one?
In certain circumstances, businesses may need to hire CPAs to perform agreed-upon procedures (AUPs) instead of (or in addition to)
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Why auditors monitor journal entries
Why auditors monitor journal entries
With a median loss of $766,000, financial misstatement schemes are the costliest type of fraud, according to “Occupational Fraud 2024:
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Bookkeeping provides a solid foundation for financial reporting
Bookkeeping provides a solid foundation for financial reporting
There are currently more than 33 million small businesses in the United States, according to the U.S. Chamber of Commerce.
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Planning your estate? Don’t overlook income taxes
Planning your estate? Don’t overlook income taxes
The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need
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Auditing warehouse operations
Auditing warehouse operations
When you hear the word “audit,” you might automatically associate it with financial reporting or the IRS. But auditing warehouse
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How to Design an Embezzlement Resistant Office
How to Design an Embezzlement Resistant Office
Parts 1 and 2 of our embezzlement series discussed who embezzles and why. It also revealed the embezzled owner's core
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Don't Be a Victim: Identifying and Understanding Embezzlement
Don’t Be a Victim: Identifying and Understanding Embezzlement
In the first part of our embezzlement series, we discussed the who, what, and why of embezzlement. This second part
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