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
Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation.
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Running a small business often requires periodic cash infusions, and knowing how to secure the right funding can determine whether
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The nationwide price of gas is slightly higher than it was a year ago, and the 2025 optional standard mileage
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Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) —
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Saving for retirement is a crucial financial goal, and a 401(k) plan is one of the most effective tools for
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Auditing standards require auditors to identify and assess the risks of material misstatement due to fraud and to determine overall
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How often do you reconcile your company’s internal financial records against your bank statements? Bank reconciliations are an essential internal
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Owners’ equity is the difference between the assets and liabilities reported on your company’s balance sheet. It’s generally composed of
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The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want
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A chart of accounts is the foundation of accurate financial reporting, so it needs to be set up correctly. A
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The pretax (accounting) profit that’s reported on your company’s income statement is an important metric. Lenders, investors, and other stakeholders
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It’s critical for business owners and managers to understand how to present contingent liabilities accurately in the financial statements. Under
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To learn more, Contact Whalen CPAs today.