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.

Public policy organization reports increase in financial restatements
Accurate financial statements are essential to making informed business decisions. So, managers and other stakeholders may express concern when a
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Dental Care Update: Good News for Appointments and Staffing!
Here's a summary of the latest economic outlook for dentistry according to the American Dental Association's Health Policy Institute (ADA
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Beat Staffing Challenges & Boost Profits
If your dental office is experiencing rising costs and staffing frustrations, you are not alone. In January 2023, Dental Economics
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Corporate Transparency Act
As a business owner, you probably have heard of the new reporting requirement mandated by the Corporate Transparency Act (CTA).
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Dental Insurance Contracts Renegotiation
Happy 2024, Whalen dentists. January is a great time to re-evaluate your practice’s insurance plan participation. To assist dentists with
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ADA Standardized Form Changes
Please be advised that the ADA has released an updated insurance claim form for 2024, which will go into effect
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Key Changes to Ohio's Commercial Activity Tax (CAT) and What They Mean for Businesses
The Commercial Activity Tax (CAT) has undergone a significant transformation. Starting in 2024, businesses with taxable gross receipts of $3
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Deadline for Unclaimed Funds
Attention Business Owners: State Requirement Alert! Don't miss the deadline for reporting and remitting all unclaimed funds ($50 or more)
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What are AUP engagements — and does your business need one?
In certain circumstances, businesses may need to hire CPAs to perform agreed-upon procedures (AUPs) instead of (or in addition to)
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Why auditors monitor journal entries
With a median loss of $766,000, financial misstatement schemes are the costliest type of fraud, according to “Occupational Fraud 2024:
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Bookkeeping provides a solid foundation for financial reporting
There are currently more than 33 million small businesses in the United States, according to the U.S. Chamber of Commerce.
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Planning your estate? Don’t overlook income taxes
The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need
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