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
For most of the last decade, year-end tax planning has been complicated by a great deal of uncertainty. This year
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For the fifth year in a row, Ohio employers will be subject to additional federal unemployment tax act (FUTA) surcharges
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The additional Medicare tax and net investment income tax (NIIT) apply when certain income exceeds the applicable threshold...
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Medical expenses that aren’t reimbursable by insurance or paid through a tax-advantaged account (such as a Health Savings Account or
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Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be
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Contributing to a traditional employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, offers many benefits: Contributions
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To combat the growing issue of credit card fraud, U.S. financial institutions are issuing EMV-chip-enabled credit cards that make it
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Here is a simplified way to project your estate tax exposure...
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The tax treatment of investment income varies, and not just based on whether the income is in the form of
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[vc_row][vc_column][vc_column_text] If your business exports American-made goods or performs architectural or engineering services for foreign construction projects, an interest-charge domestic
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[vc_row][vc_column][vc_column_text] If you’re a collector, donating from your collection instead of your bank account or investment portfolio can be tax-smart.
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[vc_row][vc_column][vc_column_text] Teenagers’ retirement may seem too far off to warrant saving now, but IRAs can be perfect for teens because
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