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.
If you own highly appreciated assets you’ve held long term, it may make sense to recognize gains now rather than
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Business-related purchases of new or used vehicles may be eligible for Section 179 expensing, and business-related purchases of new vehicles
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The 2012 gift tax annual exclusion allows you to give up to $13,000 per recipient tax-free without using up any
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If you’re self-employed, you may be able to set up a retirement plan that allows you to make much larger
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Publicly traded stock and other securities you’ve held more than one year are long-term capital gains property, which can make
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By projecting your business’s income for this year and next you can determine how to time income and deductions to
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When you export from Quickbooks note that you have an “Advanced” tab. There are three items which are not checked
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President Obama has been reelected, the Senate will remain in the hands of the Democrats (but without a filibuster-proof supermajority)
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In recent years, restricted stock has become a popular form of incentive compensation for executives and other key employees. If
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The long-term capital gains rate is currently 0% for gain that would be taxed at 10% or 15% based on
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If you have a traditional IRA, you might benefit from converting all or a portion of it to a Roth
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Many businesses may benefit from purchasing assets by Dec. 31 to take advantage of depreciation-related deductions that are scheduled to
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To learn more, Contact Whalen CPAs today.