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
Hiring an Associate Dentist: Timing & Key Metrics for Success
Part 2: The Right Time Many practitioners are curious about when to hire an associate dentist to help with the
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Auditing revenue recognition
The top line of an income statement for a for-profit business is revenue (or sales). Reporting this line item correctly
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Get ready for the 2023 gift tax return deadline
Did you make large gifts to your children, grandchildren, or others last year? If so, it’s important to determine if
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Liquidity overload: Why having too much in your cash reserves may be bad for business
In today’s uncertain marketplace, many businesses are stashing operating cash in their bank accounts, even though they might not have
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adding an associate
Part 1: The Right Reasons One of the most challenging decisions facing a seasoned practitioner is whether to add a
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Inventory management systems: What’s right for your business?
If your business has significant inventory on its balance sheet, it can be costly. The carrying costs of inventory include
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Solid financial reporting can help attract debt and equity financing
Financial reporting plays a key role when a business needs funds for continued operations and strategic investment opportunities. Lenders and
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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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