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.
The Wealth Gap and How CEPAs Can Help You Close It
Business owners have about 80% of their net worth locked up in the business; therefore, only 20% is liquid (Snider,
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How to Recognize and Avoid IRS Scams
The IRS is a major target for scammers, who use a variety of methods to trick taxpayers into giving up
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Unlocking the Power of Effective Receivables Management: 10 Insights for Financial Success
Managing accounts receivable (AR) is a fundamental aspect of financial health for any business. A robust AR system ensures steady
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Unlocking Business Attractiveness: A Buyer's Perspective
Every business owner hopes to harvest the wealth locked up in the business. Unfortunately, most owners over-value their businesses. This
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Why Exit Planning is Essential for Business Success
Exit planning, although often only associated with the end of a career, is actually both a starting and end point.
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Navigating the Future: 5 Essential De-Risking Strategies for Businesses
The business landscape constantly evolves, and businesses must be prepared for anything. That's why it's essential to have a strong
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percentage-of-completion
Does your business work on projects that take longer than a year to complete? Recognizing revenue from long-term projects usually
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Plan now for year-end gifts with the gift tax annual exclusion
Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts
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Selling your principal residence for a big profit? Here are the tax rules
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of
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A tax-smart way to develop and sell appreciated land
Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels,
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Pocket a tax break for making energy-efficient home improvements
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may
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Receivables: Quality counts
For many companies, a significant line item on the balance sheet is accounts receivable. But can you take the amount
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