Whalen CPAs: Firm News
What’s New at Whalen CPAs?
Exciting things are always happening at Whalen CPAs! Stay abreast of firm news and Contact Us if you have any questions.
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Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation.
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Running a small business often requires periodic cash infusions, and knowing how to secure the right funding can determine whether
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The nationwide price of gas is slightly higher than it was a year ago, and the 2025 optional standard mileage
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Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) —
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Saving for retirement is a crucial financial goal, and a 401(k) plan is one of the most effective tools for
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Auditing standards require auditors to identify and assess the risks of material misstatement due to fraud and to determine overall
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How often do you reconcile your company’s internal financial records against your bank statements? Bank reconciliations are an essential internal
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Owners’ equity is the difference between the assets and liabilities reported on your company’s balance sheet. It’s generally composed of
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The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want
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A chart of accounts is the foundation of accurate financial reporting, so it needs to be set up correctly. A
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The pretax (accounting) profit that’s reported on your company’s income statement is an important metric. Lenders, investors, and other stakeholders
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It’s critical for business owners and managers to understand how to present contingent liabilities accurately in the financial statements. Under
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