Whalen CPAs: Firm News

What’s New at Whalen CPAs?

Exciting things are always happening at Whalen CPAs! Stay abreast of firm news and Contact Us if you have any questions.

Social Security tax update: How high can it go?
Employees, self-employed individuals and employers all pay Social Security tax, and the amounts can get bigger every year. And yet,
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Why audited financial statements matter
Reliable financial reporting is key to any company’s success. Here’s why your business should at least consider investing in audited
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Surprise audits are proven to fight fraud
Four antifraud controls are associated with at least a 50% reduction in both fraud loss and duration, according to “Occupational
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4 bookkeeping pitfalls for small businesses to avoid
Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant,
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New survey reveals top audit committee concerns
Audit committees act as gatekeepers over the accounting and financial reporting processes, including the effectiveness of the company’s control environment.
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It’s almost time for a midyear checkup on your company’s financial health
Interim financial reporting is essential to running a successful business. When reviewing midyear financial reports, however, you should recognize their
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4 cost-cutting areas to help your business boost profits
Many businesses focus on selling more products and services to boost profitability. But sales volume alone doesn’t necessarily raise profits.
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How to communicate accounting information to laypeople
Accurate, timely financial information is key to making good decisions for executives, board members, investors, and other stakeholders. But not
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Turning a hobby into a business? Pay attention to the tax rules
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open
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Taxes when you sell an appreciated vacation home
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about
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Turning a hobby into a business? Pay attention to the tax rules
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open
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