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

What 2015 tax records can you toss once you’ve filed your return?

The short answer is: none. You need to hold on to all of your 2015 tax records for now. But

Filing for an extension isn’t without pitfalls

Yes, the federal income tax filing deadline is slightly later than usual this year — April 18 — but it’s now

Do you need to file a 2015 gift tax return by April 18?

You generally need to file a gift tax return for 2015 if, during the tax year, you made gifts: That

Deduction Guidelines for Entrepreneurs

Starting a new business is an exciting time. But before you even open the doors, you generally have to spend

CLIENT ALERT: DOL “Overtime Rule” Moves into Final Stages

This month The United States Department of Labor (DOL) moved forward with a proposed rule to extend overtime protections that

Victim of a disaster, fire or theft? You may be eligible for a tax deduction.

If you suffer damage to your home or personal property, you may be able to deduct these “casualty” losses on

3 income-tax-smart gifting strategies

If your 2015 tax liability is higher than you’d hoped and you’re ready to transfer some assets to your loved

Time is running out for a 2015 IRA contribution

Have you maxed out your 2015 limits?

Accounting Update: FASB Lease ASU Released

The Financial Accounting Standards Board (FASB) recently issued a long-awaited update to lease accounting, designed to increase transparency and provide