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

2016 Year-End Tax Planning Tips

With a new administration taking shape in our nation's capital after the elections, you can expect that significant tax reforms

Will your year-end donations be deductible on your 2016 return?

Donations to qualified charities are generally fully deductible, and they may be the easiest deductible expense to time to your

Overtime Rule Reversed

Last week, a federal judge blocked The Department of Labor's (DOL's) new federal overtime rule.

Accelerating your property tax deduction to reduce your 2016 tax bill

Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it.

A brief overview of the President-elect’s tax plan for individuals

Now that Donald Trump has been elected President of the United States and Republicans have retained control of both chambers

A quick look at the President-elect’s tax plan for businesses

The election of Donald Trump as President of the United States could result in major tax law changes in 2017.

CLIENT ALERT: Overtime Rule Changes Go Into Effect December 1, 2016

Employers have just a few weeks left to prepare for the changes that The United States Department of Labor (DOL) issued

There’s still time to set up a retirement plan for 2016

Saving for retirement can be tough if you’re putting most of your money and time into operating a small business

It’s critical to be aware of the tax rules surrounding these plans

Nonqualified deferred compensation (NQDC) plans pay executives at some time in the future for services to be currently performed

Beware…of income-based tax limits

Many tax breaks are reduced or eliminated for higher-income taxpayers. Two of particular note are the itemized deduction reduction and

Social Security Wage Updates for 2017

Earlier this week, the Social Security Administration (SSA) announced wage changes that will take effect in 2017. The announcement stated that

Self-employed? Here’s what you need to know about employment taxes.

In addition to income tax, you must pay Social Security and Medicare taxes on earned income, such as salary and

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