Whalen CPAs: Firm News

What’s New at Whalen CPAs?

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The election of Donald Trump as President of the United States could result in major tax law changes in 2017.

Employers have just a few weeks left to prepare for the changes that The United States Department of Labor (DOL) issued

Saving for retirement can be tough if you’re putting most of your money and time into operating a small business

Nonqualified deferred compensation (NQDC) plans pay executives at some time in the future for services to be currently performed

Many tax breaks are reduced or eliminated for higher-income taxpayers. Two of particular note are the itemized deduction reduction and

Earlier this week, the Social Security Administration (SSA) announced wage changes that will take effect in 2017. The announcement stated that

In addition to income tax, you must pay Social Security and Medicare taxes on earned income, such as salary and

Typically, it’s better to defer tax. One way is through controlling when your business recognizes income and incurs deductible expenses.

There’s a lot to think about when you change jobs, and it’s easy for a 401(k) or other employer-sponsored retirement

The proposed regulations define a new and expanded class of "disregarded restrictions." If finalized in their current form (and upheld

It's possible - give appreciated stock instead of cash. If you’re charitably inclined, making donations is probably one of your

Section 529 plans provide a tax-advantaged way to help pay for college expenses. Here are just a few of the