Whalen CPAs: Firm News
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Auditor independence is the cornerstone of the accounting profession. Auditors’ commitment to follow the standards set forth by the American
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Financial statements are critical to monitoring your business’s financial health. In addition to helping management make informed business decisions, year-end
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With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to
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Part 2: The Right Time Many practitioners are curious about when to hire an associate dentist to help with the
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The top line of an income statement for a for-profit business is revenue (or sales). Reporting this line item correctly
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Did you make large gifts to your children, grandchildren, or others last year? If so, it’s important to determine if
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In today’s uncertain marketplace, many businesses are stashing operating cash in their bank accounts, even though they might not have
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Part 1: The Right Reasons One of the most challenging decisions facing a seasoned practitioner is whether to add a
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If your business has significant inventory on its balance sheet, it can be costly. The carrying costs of inventory include
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Financial reporting plays a key role when a business needs funds for continued operations and strategic investment opportunities. Lenders and
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