Whalen CPAs: Firm News

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Embezzlement: It’s Probably Already Happened to You

Imagine this: Dr. Thompson had built a thriving dental practice over twenty years ago. He'd weathered staffing changes and insurance

What might be ahead as many tax provisions are scheduled to expire?

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the

Best practices for expense reporting

When it comes to expense reporting, having rigorous financial controls is critical to operating a profitable business. You should monitor

Social Security tax update: How high can it go?

Employees, self-employed individuals and employers all pay Social Security tax, and the amounts can get bigger every year. And yet,

Why audited financial statements matter

Reliable financial reporting is key to any company’s success. Here’s why your business should at least consider investing in audited

Surprise audits are proven to fight fraud

Four antifraud controls are associated with at least a 50% reduction in both fraud loss and duration, according to “Occupational

4 bookkeeping pitfalls for small businesses to avoid

Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant,

The Hidden Threat – Dental Embezzlement Statistics

New survey reveals top audit committee concerns

New survey reveals top audit committees concerns

Audit committees act as gatekeepers over the accounting and financial reporting processes, including the effectiveness of the company’s control environment.

It’s almost time for a midyear checkup on your company’s financial health

Interim financial reporting is essential to running a successful business. When reviewing midyear financial reports, however, you should recognize their

4 cost-cutting areas to help your business boost profits

Many businesses focus on selling more products and services to boost profitability. But sales volume alone doesn’t necessarily raise profits.

How to communicate accounting information to laypeople

Accurate, timely financial information is key to making good decisions for executives, board members, investors, and other stakeholders. But not

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