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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inherit property
A common question for people planning their estates or inheriting property is: For tax purposes, what’s the “cost” (or “basis”)
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What records can you throw away after filing?
Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how
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lease accounting rules
On March 27, 2023, the Financial Accounting Standards Board (FASB) published narrowly drawn amendments to the lease accounting rules. The
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How to get more from your company’s income statement
What do you do with your financial statements after your CPA delivers them? If you’re like most business owners and
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Demystifying deferred taxes
Deferred taxes are a confusing topic — and the accounting rules for reporting these items often seem to defy the
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Employee Engagement
Are Your Employees Engaged? Does it Matter?   Most small business owners know the frustration of hiring the wrong person
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substantive audit
Organizations that understand how auditors verify account balances and transactions can minimize disruptions during audit fieldwork and maximize the effectiveness
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QuickBooks specialized functions
QuickBooks® provides an all-in-one solution that helps some small and medium-sized businesses manage their finances. While QuickBooks provides the accounting
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Now hiring
Are you looking for someone to manage the books and records for your small business? Whether you’re operating a startup
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Let's discuss accounting pitfalls
Accounting is a critical element when launching a successful business venture. Unfortunately, it’s also an area where startups tend to
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retirement plan
Most retirement plan distributions are subject to income tax and may be subject to an additional penalty if you take
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Auditing accounting estimates
When companies report financial results, they often rely on estimates made by management. Examples include the allowance for doubtful accounts,
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