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 IRS has updated income-tax withholding tables for 2013 in light of the American Taxpayer Relief Act of 2012, signed

On Jan. 2, Congress passed the American Tax Relief Act to address the fiscal cliff. The act makes permanent 2012

To take a 2012 charitable donation deduction, the gift must be made by Dec. 31, 2012. According to the IRS,

If you own highly appreciated assets you’ve held long term, it may make sense to recognize gains now rather than

Business-related purchases of new or used vehicles may be eligible for Section 179 expensing, and business-related purchases of new vehicles

The 2012 gift tax annual exclusion allows you to give up to $13,000 per recipient tax-free without using up any

If you’re self-employed, you may be able to set up a retirement plan that allows you to make much larger

Publicly traded stock and other securities you’ve held more than one year are long-term capital gains property, which can make

By projecting your business’s income for this year and next you can determine how to time income and deductions to

When you export from Quickbooks note that you have an “Advanced” tab. There are three items which are not checked

President Obama has been reelected, the Senate will remain in the hands of the Democrats (but without a filibuster-proof supermajority)

In recent years, restricted stock has become a popular form of incentive compensation for executives and other key employees. If