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.
Want info delivered right to your inbox – Subscribe Now
Financial statements report historical financial performance. But sometimes management or external stakeholders want to evaluate how a business will perform
Read more
Whether you operate a for-profit business or a not-for-profit organization, strong accounting practices are essential for maintaining financial health and
Read more
Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added
Read more
Small business owners might be tempted to rush through setting up customer profiles in QuickBooks® just to get invoices out
Read more
Are you age 50 or older? You’ve earned the right to supercharge your retirement savings with extra “catch-up” contributions to
Read more
Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax
Read more
You shouldn’t rely on gut instinct when making major business decisions, such as launching a new product line, investing in
Read more
The going concern assumption underlies financial reporting under U.S. Generally Accepted Accounting Principles (GAAP) unless management has plans to liquidate.
Read more
The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners.
Read more
If you make quarterly estimated tax payments, the amount you owe may be affected by the One Big Beautiful Bill
Read more
Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence
Read more