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.

Tax Strategies: Make year-end tax planning moves before it’s too late!
With the arrival of fall, it’s an ideal time to begin implementing tax strategies that could reduce your tax burden
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Cutoffs: When to report revenue and expenses
Timing is critical in financial reporting. Under accrual-basis accounting, the end of the accounting period serves as a “cutoff” for
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Silent PPOs : Client Alert Photo
For many years, the ODA has reported on their vigilant attempts to silence the "silent PPO." Also known as ghost
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Is your home office a tax haven? Here are the rules for deductions
Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of
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Key Points from Dr. Bezbatchenko's Interview Career Transition and Specialization Motivation: Dr. Bezbatchenko specialized in TMJD and dental sleep therapy
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CFO candidates need more than accounting skills
Is your company planning to hire a new CFO? A recent survey found that hiring managers look for more than
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Strong internal controls and audits can help safeguard against data breaches
The average cost of a data breach has reached $4.88 million, up 10% from last year, according to a recent
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Are you liable for two additional taxes on your income?
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a
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Review real-time data with flash reports
It usually takes between two and six weeks for management to prepare financial statements that comply with the accounting rules.
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Take charge of working capital management
Proactive working capital management is essential to successful business operations. However, on average, businesses aren’t managing their working capital as
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Do you owe federal estimated tax? If so, when is the next one due?
Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year.
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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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