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
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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Beyond the Chair: Navigating Key Metrics for Dental Office Prosperity
One common problem that dentists face is that they spend ample time working in their businesses and not much time
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Accounting for M&A
Business merger and acquisition (M&A) transactions have significant financial reporting implications. Notably, the company’s balance sheet will look markedly different
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Tips for a faster month-end close
Does your company struggle to close its books at the end of each month? The month-end close requires accounting personnel
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Shareholder advances: Debt or equity?
From time to time, owners of closely held businesses might need to advance their companies money to bridge a temporary
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4 ways to prepare for next year’s audit
Every fall, CPAs are busy preparing for audit season, which generally runs from January to April each year. This includes
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A winning combination: QuickBooks + your marketing platform
QuickBooks® is a popular business accounting software program. There are also a number of marketing platforms that businesses can use
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FASB approves updated rules for disclosing income taxes
On August 30, 2023, the Financial Accounting Standards Board (FASB) unanimously voted to finalize its proposed improvements to the disclosure
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To learn more, Contact Whalen CPAs today.