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.![It’s almost time for a midyear checkup on your company’s financial health](https://www.whalencpa.com/wp-content/uploads/2024/05/05_10_24_2260831439_AAB_560x292.jpg)
Interim financial reporting is essential to running a successful business. When reviewing midyear financial reports, however, you should recognize their
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![4 cost-cutting areas to help your business boost profits](https://www.whalencpa.com/wp-content/uploads/2024/05/Blog-22.jpg)
Many businesses focus on selling more products and services to boost profitability. But sales volume alone doesn’t necessarily raise profits.
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![How to communicate accounting information to laypeople](https://www.whalencpa.com/wp-content/uploads/2024/04/04_26_24_2101929538_AAB_560x292.jpg)
Accurate, timely financial information is key to making good decisions for executives, board members, investors, and other stakeholders. But not
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![Turning a hobby into a business? Pay attention to the tax rules](https://www.whalencpa.com/wp-content/uploads/2024/05/05_07_24_621832295_ITB_560x292.jpg)
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open
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![Taxes when you sell an appreciated vacation home](https://www.whalencpa.com/wp-content/uploads/2024/04/04_30_24_2286749971_ITB_560x292.jpg)
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about
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![Turning a hobby into a business? Pay attention to the tax rules](https://www.whalencpa.com/wp-content/uploads/2024/05/05_07_24_621832295_ITB_560x292.jpg)
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open
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![6 tips for lowering energy costs to boost profits](https://www.whalencpa.com/wp-content/uploads/2024/04/04_19_24_1925695766_AAB_560x292.jpg)
Earth Day (April 22) is a good time to evaluate what your business can do to protect the planet’s natural
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![A tax-favored retirement plan sits on a table with a graph and pair of glasses](https://www.whalencpa.com/wp-content/uploads/2024/04/04_15_24_254749579_SBTB_560x292.jpg)
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current
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![inventory management](https://www.whalencpa.com/wp-content/uploads/2024/04/04_12_24_1848611221_AAB_560x292.jpg)
Inventory management is a key balance sheet item for many companies. Depending on the nature of your operations, inventory may
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![Auditing WIP today](https://www.whalencpa.com/wp-content/uploads/2024/03/03_29_24_1138621298_AAB_560x292.jpg)
External auditors spend a lot of time during fieldwork evaluating how businesses report work-in-progress (WIP) inventory. Here’s why this warrants
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![02:Whalen Wisdom Hub - Exclusive Interview With Dr. Michael Pappas](https://www.whalencpa.com/wp-content/uploads/2024/03/Whalen-Wisdom-Hub-1-e1711561183145.jpg)
Summary In a recent interview with Dr. Michael Pappas, a seasoned dentist and practice owner, we uncovered valuable insights into
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![5 Signs Your Dental Practice Needs a Makeover (and How to Fix It!)](https://www.whalencpa.com/wp-content/uploads/2024/03/Blog-20-1024x534.jpg)
Is your dental office feeling the squeeze? Rising costs and staffing woes are plaguing practices nationwide. But fear not, you're
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To learn more, Contact Whalen CPAs today.