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.

Navigating the Future: 5 Essential De-Risking Strategies for Businesses
The business landscape constantly evolves, and businesses must be prepared for anything. That's why it's essential to have a strong
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percentage-of-completion
Does your business work on projects that take longer than a year to complete? Recognizing revenue from long-term projects usually
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Plan now for year-end gifts with the gift tax annual exclusion
Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts
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Selling your principal residence for a big profit? Here are the tax rules
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of
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A tax-smart way to develop and sell appreciated land
Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels,
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Pocket a tax break for making energy-efficient home improvements
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may
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Receivables: Quality counts
For many companies, a significant line item on the balance sheet is accounts receivable. But can you take the amount
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Start cross-training your accounting team today
The accounting profession is facing a talent crisis. The U.S. Bureau of Labor Statistics estimates that roughly 17% of U.S.
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employee benefit plan
Does your organization offer health care and retirement benefits for its employees? Benefit plans with 100 or more participants are
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Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”
If you’re planning your estate or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for
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Navigating Dental Practice Acquisition Graphic
Determining a game plan for buying your dental practice is the first step to successfully starting this phase of your
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Supplement your financial statements with timely flash reports
Timely financial information is critical to a successful business or nonprofit organization. In today’s dynamic marketplace, you may need to
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