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.

The kiddie tax could affect your children until they’re young adults
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal
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6 tips to improve job-costing systems
Companies that work on customer-specific or long-term projects — such as homebuilders, contractors, custom manufacturers, and professional practices — generally
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It’s possible (but not easy) to claim a medical expense tax deduction
One of your New Year’s resolutions may be to pay more attention to your health. Of course, that may cost
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What is your external auditor’s responsibility for cybersecurity?
Data breaches can be costly. The average total cost of a data breach has risen to roughly $4.45 million, according
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The standard business mileage rate will be going up slightly in 2024
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going
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Tips for QuickBooks users: 5 mistakes to avoid during bank reconciliation
Reconciling bank accounts is critical to ensuring the accuracy of your company’s accounting records. The primary purpose of a bank
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State of Dentistry: 2023 Challenges, Opportunities & Tips for Aspiring Dentists
In our latest podcast episode, we delve into the current state of the dental industry, exploring both the challenges and
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What to Do When Patients Don’t Show - Dental Efficiency
Nothing is like walking into your dental practice and discovering that the schedule has fallen apart. The cause may be
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Using QuickBooks to prepare 2024 budgets and forecasts
As year-end nears, many businesses and nonprofits are planning for 2024. QuickBooks® provides budget and forecast features to help management
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Beyond the Chair: Navigating Key Metrics for Dental Office Prosperity
One common problem that dentists face is that they spend ample time working in their businesses and not much time
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Accounting for M&A
Business merger and acquisition (M&A) transactions have significant financial reporting implications. Notably, the company’s balance sheet will look markedly different
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Tips for a faster month-end close
Does your company struggle to close its books at the end of each month? The month-end close requires accounting personnel
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