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
New survey reveals top audit committee concerns
Audit committees act as gatekeepers over the accounting and financial reporting processes, including the effectiveness of the company’s control environment.
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It’s almost time for a midyear checkup on your company’s financial health
Interim financial reporting is essential to running a successful business. When reviewing midyear financial reports, however, you should recognize their
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4 cost-cutting areas to help your business boost profits
Many businesses focus on selling more products and services to boost profitability. But sales volume alone doesn’t necessarily raise profits.
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How to communicate accounting information to laypeople
Accurate, timely financial information is key to making good decisions for executives, board members, investors, and other stakeholders. But not
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Turning a hobby into a business? Pay attention to the tax rules
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open
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Taxes when you sell an appreciated vacation home
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about
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Turning a hobby into a business? Pay attention to the tax rules
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open
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6 tips for lowering energy costs to boost profits
Earth Day (April 22) is a good time to evaluate what your business can do to protect the planet’s natural
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A tax-favored retirement plan sits on a table with a graph and pair of glasses
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current
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inventory management
Inventory management is a key balance sheet item for many companies. Depending on the nature of your operations, inventory may
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Auditing WIP today
External auditors spend a lot of time during fieldwork evaluating how businesses report work-in-progress (WIP) inventory. Here’s why this warrants
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02:Whalen Wisdom Hub - Exclusive Interview With Dr. Michael Pappas
Summary In a recent interview with Dr. Michael Pappas, a seasoned dentist and practice owner, we uncovered valuable insights into
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