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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Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at
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When buying new accounting software or upgrading your existing solution, it’s critical to evaluate your options carefully. The right platform
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Financial statements report historical financial performance. But sometimes management or external stakeholders want to evaluate how a business will perform
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Whether you operate a for-profit business or a not-for-profit organization, strong accounting practices are essential for maintaining financial health and
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Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added
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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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