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
Should your business offer the new emergency savings accounts (PLESA) to employees?
As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked
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Best practices for M&A due diligence
Engaging in a merger or acquisition (M&A) can help your business grow, but it also can be risky. Buyers must
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Auditing concepts: Close-up on materiality
As audit season begins for calendar-year entities, it’s important to review issues that may arise during fieldwork. One common issue
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The kiddie tax could affect your children until they’re young adults
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal
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6 tips to improve job-costing systems
Companies that work on customer-specific or long-term projects — such as homebuilders, contractors, custom manufacturers, and professional practices — generally
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It’s possible (but not easy) to claim a medical expense tax deduction
One of your New Year’s resolutions may be to pay more attention to your health. Of course, that may cost
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What is your external auditor’s responsibility for cybersecurity?
Data breaches can be costly. The average total cost of a data breach has risen to roughly $4.45 million, according
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The standard business mileage rate will be going up slightly in 2024
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going
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Tips for QuickBooks users: 5 mistakes to avoid during bank reconciliation
Reconciling bank accounts is critical to ensuring the accuracy of your company’s accounting records. The primary purpose of a bank
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State of Dentistry: 2023 Challenges, Opportunities & Tips for Aspiring Dentists
In our latest podcast episode, we delve into the current state of the dental industry, exploring both the challenges and
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What to Do When Patients Don’t Show - Dental Efficiency
Nothing is like walking into your dental practice and discovering that the schedule has fallen apart. The cause may be
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Using QuickBooks to prepare 2024 budgets and forecasts
As year-end nears, many businesses and nonprofits are planning for 2024. QuickBooks® provides budget and forecast features to help management
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To learn more, Contact Whalen CPAs today.