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.
Auditing warehouse operations
When you hear the word “audit,” you might automatically associate it with financial reporting or the IRS. But auditing warehouse
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How to Design an Embezzlement Resistant Office
Parts 1 and 2 of our embezzlement series discussed who embezzles and why. It also revealed the embezzled owner's core
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Don't Be a Victim: Identifying and Understanding Embezzlement
In the first part of our embezzlement series, we discussed the who, what, and why of embezzlement. This second part
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Embezzlement: It's Probably Already Happened to You
Imagine this: Dr. Thompson had built a thriving dental practice over twenty years ago. He'd weathered staffing changes and insurance
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What might be ahead as many tax provisions are scheduled to expire?
Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the
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Best practices for expense reporting
When it comes to expense reporting, having rigorous financial controls is critical to operating a profitable business. You should monitor
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Social Security tax update: How high can it go?
Employees, self-employed individuals and employers all pay Social Security tax, and the amounts can get bigger every year. And yet,
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Why audited financial statements matter
Reliable financial reporting is key to any company’s success. Here’s why your business should at least consider investing in audited
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Surprise audits are proven to fight fraud
Four antifraud controls are associated with at least a 50% reduction in both fraud loss and duration, according to “Occupational
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4 bookkeeping pitfalls for small businesses to avoid
Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant,
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New survey reveals top audit committee concerns
Audit committees act as gatekeepers over the accounting and financial reporting processes, including the effectiveness of the company’s control environment.
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