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

Are you married and not earning compensation? You may be able to put money in an IRA
When one spouse in a married couple not earning compensation, the couple may not be able to save as much
Read more
Why can’t my profitable business pay its bills?
If your profitable business has trouble making ends meet, it’s not alone. Many business owners mistakenly equate profits with cash
Read more
Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they
Read more
How to leverage AI in your accounting department
Many people speculate that artificial intelligence (AI) will replace humans for certain work-related tasks in the future. But accounting and
Read more
Keeping careful business records for meal and vehicle expenses can safeguard your tax deductions. Here are some DOs and DON’Ts.
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases,
Read more
Traditional business models in many sectors have been disrupted by the COVID-19 pandemic, geopolitical uncertainty, rising costs, and falling consumer
Read more
Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may
Read more
Working capital — the funds your company has tied up in accounts receivable, accounts payable, and inventory — is a
Read more
cybersecurity background
Cybersecurity is essential in the workplace because it helps to protect the company's data, networks, and systems from unauthorized access,
Read more
Many businesses and nonprofits use QuickBooks® as a cost-effective solution to manage their accounting processes. However, the software’s capabilities extend
Read more
If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And
Read more
Beware of the gray areas in accounting
Accounting and auditing standards have come under scrutiny in the wake of recent high-profile bank failures. Investigations are currently underway
Read more