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

Client Alert: Another FUTA Surcharge for Ohio Employers

For the fifth year in a row, Ohio employers will be subject to additional federal unemployment tax act (FUTA) surcharges

Is Your Executive Compensation Subject to Additional Tax?

The additional Medicare tax and net investment income tax (NIIT) apply when certain income exceeds the applicable threshold...

Should you “bunch” medical expenses into 2015?

Medical expenses that aren’t reimbursable by insurance or paid through a tax-advantaged account (such as a Health Savings Account or

Business Vehicles: Sell or Trade In?

Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be

Should you contribute more to your 401(k) in 2015?

Contributing to a traditional employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, offers many benefits: Contributions

Chip-Enabled Credit Cards: Is Your Business Prepared?

To combat the growing issue of credit card fraud, U.S. financial institutions are issuing EMV-chip-enabled credit cards that make it

Do you need to worry about estate taxes?

Here is a simplified way to project your estate tax exposure...

When it comes to taxes, not all income investments are alike

The tax treatment of investment income varies, and not just based on whether the income is in the form of

IC-DISC Can Help Exporters, Others Save Taxes

[vc_row][vc_column][vc_column_text] If your business exports American-made goods or performs architectural or engineering services for foreign construction projects, an interest-charge domestic

Donating Collectibles: What You Need to Know

[vc_row][vc_column][vc_column_text] If you’re a collector, donating from your collection instead of your bank account or investment portfolio can be tax-smart.