Whalen CPAs: Firm News

What’s New at Whalen CPAs?

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Why Exit Planning is Essential for Business Success
Exit planning, although often only associated with the end of a career, is actually both a starting and end point.
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Navigating the Future: 5 Essential De-Risking Strategies for Businesses
The business landscape constantly evolves, and businesses must be prepared for anything. That's why it's essential to have a strong
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percentage-of-completion
Does your business work on projects that take longer than a year to complete? Recognizing revenue from long-term projects usually
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Plan now for year-end gifts with the gift tax annual exclusion
Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts
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Selling your principal residence for a big profit? Here are the tax rules
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of
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A tax-smart way to develop and sell appreciated land
Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels,
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Pocket a tax break for making energy-efficient home improvements
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may
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Receivables: Quality counts
For many companies, a significant line item on the balance sheet is accounts receivable. But can you take the amount
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Start cross-training your accounting team today
The accounting profession is facing a talent crisis. The U.S. Bureau of Labor Statistics estimates that roughly 17% of U.S.
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employee benefit plan
Does your organization offer health care and retirement benefits for its employees? Benefit plans with 100 or more participants are
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Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”
If you’re planning your estate or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for
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Navigating Dental Practice Acquisition Graphic
Determining a game plan for buying your dental practice is the first step to successfully starting this phase of your
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