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.
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Small business owners might be tempted to rush through setting up customer profiles in QuickBooks® just to get invoices out
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Are you age 50 or older? You’ve earned the right to supercharge your retirement savings with extra “catch-up” contributions to
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Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax
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You shouldn’t rely on gut instinct when making major business decisions, such as launching a new product line, investing in
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The going concern assumption underlies financial reporting under U.S. Generally Accepted Accounting Principles (GAAP) unless management has plans to liquidate.
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The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners.
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If you make quarterly estimated tax payments, the amount you owe may be affected by the One Big Beautiful Bill
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Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence
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Today, many organizations rely on cloud-based tools to store and manage data. However, the costs to set up cloud computing
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The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to
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The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps
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Starting a business can be rewarding, but the financial learning curve is often steep. The U.S. Bureau of Labor Statistics
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