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 IRS has issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile
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For 2013, the maximum IRA contribution is $5,500 — $6,500 if you’re age 50 or older on Dec. 31. (The
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Every December are your employees scrambling to use up their vacation time because of limits on what they can roll
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Maybe. Deductions are more valuable when tax rates are higher, and higher-income taxpayers face higher rates in 2013. But the
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The Ohio Department of Taxation owes millions of dollars in tax refunds to businesses that inadvertently overpaid their taxes. Now
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Many of our firm’s clients are family-owned businesses so we were delighted to learn that two clients were recently honored
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While tax consequences should never drive investment decisions, it’s critical that they be considered — especially this year: Higher-income taxpayers
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Because Ohio has failed to repay outstanding federal loans related to the state’s unemployment insurance for the past four years,
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By projecting your business’s income and expenses for 2013 and 2014, you can determine how to time them to save
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As year end approaches, you may be trying to accelerate deductible expenses into 2013 to reduce, or at least defer,
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Before retirement begins, gather what you need. Put as much documentation as you can in one place, for you and
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If you are a planner, you may be interested in the IRS's announcement in late October regarding annual inflation adjustments
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