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. Want info delivered right to your inbox – Subscribe Now
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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As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked
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Engaging in a merger or acquisition (M&A) can help your business grow, but it also can be risky. Buyers must
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As audit season begins for calendar-year entities, it’s important to review issues that may arise during fieldwork. One common issue
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The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal
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To learn more, Contact Whalen CPAs today.