Whalen CPAs: Blog
Discover Our Thoughts on Important Accounting Topics.
We understand that constantly changing tax laws can get confusing. That is why we keep our blog updated on tax policies that could affect the life and business of our clients. If you have any questions regarding an article featured on our blog, please contact the experts at Whalen CPAs for more information.
Business merger and acquisition (M&A) transactions have significant financial reporting implications. Notably, the company’s balance sheet will look markedly different
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Does your company struggle to close its books at the end of each month? The month-end close requires accounting personnel
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From time to time, owners of closely held businesses might need to advance their companies money to bridge a temporary
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Every fall, CPAs are busy preparing for audit season, which generally runs from January to April each year. This includes
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QuickBooks® is a popular business accounting software program. There are also a number of marketing platforms that businesses can use
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On August 30, 2023, the Financial Accounting Standards Board (FASB) unanimously voted to finalize its proposed improvements to the disclosure
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On September 6, the Financial Accounting Standards Board (FASB) unanimously voted to finalize new accounting rules on cryptocurrency assets —
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Business owners have about 80% of their net worth locked up in the business; therefore, only 20% is liquid (Snider,
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The IRS is a major target for scammers, who use a variety of methods to trick taxpayers into giving up
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Managing accounts receivable (AR) is a fundamental aspect of financial health for any business. A robust AR system ensures steady
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Every business owner hopes to harvest the wealth locked up in the business. Unfortunately, most owners over-value their businesses. This
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Exit planning, although often only associated with the end of a career, is actually both a starting and end point.
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To learn more, Contact Whalen CPAs today.