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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The Internal Revenue Service will open the 2014 filing season on January 31, 10 days later than originally planned. The

With the new year upon us, it’s time to start thinking about 2014 retirement plan contributions. Contributing the maximum you’re

State law was amended in the most recent budget bill to allow Ohio’s Department of Taxation to require annual commercial

The IRS has issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile

For 2013, the maximum IRA contribution is $5,500 — $6,500 if you’re age 50 or older on Dec. 31. (The

Every December are your employees scrambling to use up their vacation time because of limits on what they can roll

Maybe. Deductions are more valuable when tax rates are higher, and higher-income taxpayers face higher rates in 2013. But the

The Ohio Department of Taxation owes millions of dollars in tax refunds to businesses that inadvertently overpaid their taxes. Now

Many of our firm’s clients are family-owned businesses so we were delighted to learn that two clients were recently honored

While tax consequences should never drive investment decisions, it’s critical that they be considered — especially this year: Higher-income taxpayers

Because Ohio has failed to repay outstanding federal loans related to the state’s unemployment insurance for the past four years,

By projecting your business’s income and expenses for 2013 and 2014, you can determine how to time them to save