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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ADA Standardized Form Changes

Please be advised that the ADA has released an updated insurance claim form for 2024, which will go into effect

The Commercial Activity Tax (CAT) has undergone a significant transformation. Starting in 2024, businesses with taxable gross receipts of $3

Deadline for Unclaimed Funds

Attention Business Owners: State Requirement Alert! Don't miss the deadline for reporting and remitting all unclaimed funds ($50 or more)

In certain circumstances, businesses may need to hire CPAs to perform agreed-upon procedures (AUPs) instead of (or in addition to)

With a median loss of $766,000, financial misstatement schemes are the costliest type of fraud, according to “Occupational Fraud 2024:

There are currently more than 33 million small businesses in the United States, according to the U.S. Chamber of Commerce.

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need

Auditing warehouse operations

When you hear the word “audit,” you might automatically associate it with financial reporting or the IRS. But auditing warehouse

Parts 1 and 2 of our embezzlement series discussed who embezzles and why. It also revealed the embezzled owner's core

In the first part of our embezzlement series, we discussed the who, what, and why of embezzlement. This second part

Imagine this: Dr. Thompson had built a thriving dental practice over twenty years ago. He'd weathered staffing changes and insurance

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the