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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Auditing WIP today

External auditors spend a lot of time during fieldwork evaluating how businesses report work-in-progress (WIP) inventory. Here’s why this warrants

02:Whalen Wisdom Hub – Exclusive Interview With Dr. Michael Pappas

Summary In a recent interview with Dr. Michael Pappas, a seasoned dentist and practice owner, we uncovered valuable insights into

5 Signs Your Dental Practice Needs a Makeover (and How to Fix It!)

Is your dental office feeling the squeeze? Rising costs and staffing woes are plaguing practices nationwide. But fear not, you're

Update on retirement account minimum distributions : SECURE 2.0

If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax-required minimum

Building a Thriving Dental Associateship: A Three-Part Guide

So, you're considering adding an associate dentist to your practice. You're not alone! Many dentists explore this path to expand capacity, grow

Strengthen Your Cash Flow: Mastering Accounts Receivable Management

Managing accounts receivable can be challenging, especially in an uncertain economy. To keep your company financially fit, it’s a good

Successful Dental Associateship Recruitment

Part 3: Finding the Right Dental Associateship The American Dental Association reports that about half of all associateships fail (Ebert,

Spotlight on auditor independence

Auditor independence is the cornerstone of the accounting profession. Auditors’ commitment to follow the standards set forth by the American

Cash-basis vs. accrual accounting: What’s the difference?

Financial statements are critical to monitoring your business’s financial health. In addition to helping management make informed business decisions, year-end

New option for unused funds in a 529 college savings plan

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to

Hiring an Associate Dentist: Timing & Key Metrics for Success

Part 2: The Right Time Many practitioners are curious about when to hire an associate dentist to help with the

Auditing revenue recognition

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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