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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IRA contribution
Have you maxed out your 2015 limits?
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The Financial Accounting Standards Board (FASB) recently issued a long-awaited update to lease accounting, designed to increase transparency and provide
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tax credits for small businesses
Two valuable credits are especially for small businesses that offer certain employee benefits. Can you claim one — or both
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The increased penalty is effective for tax returns filed in calendar years after 2015, meaning it applies to the current
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When it comes to deductions for charitable donations, all donations are not created equal. As you file your 2015 return and
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Just a reminder for businesses filing municipal income tax withholding quarterly in Ohio: the deadline for quarterly filing has changed to
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education-related tax breaks
If there was a college student in your family last year, you may be eligible for some valuable tax breaks
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home office
Today it’s becoming more common to work from home. But just because you have a home office space doesn’t mean
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bonus depreiciation
The Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) extended 50% bonus depreciation through 2017. So the
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w-2 filing extensions
2016 is the last year that U.S. businesses will receive automatic filing extensions for informational returns on Forms W-2. IRS
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By purchasing stock in certain small businesses, you can not only diversify your portfolio but also enjoy preferential tax treatment.
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Here are two extended credits that can save businesses taxes on their 2015 returns.
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