Whalen CPAs

What has your organization done to minimize the risk of financial misstatement? Audits can be an effective antifraud control. Here’s one hot spot auditors often target to unearth financial statement fraud.

Do you know the difference between bookkeeping and accounting? We’ll explain why your bookkeeper plays a key role in the long-term success of your business.

Meet Allison! This week's employee spotlight shines on Allison, our Administrative Manager for Assurance and Accounting Services. When she's not helping our team run smoothly, Allison enjoys traveling the world (think Bermuda beaches!) and catching up on the latest thrillers (we won't judge your movie taste, Allison). #TheWhalenWay #EmployeeSpotlight

Stop Embezzlement Before It Starts! This series details how to build an embezzlement-resistant dental practice. From hiring to oversight, learn how to protect your business. #dentistry #dentalpractice #embezzlement

The high federal estate tax exemption ($13.61 million in 2024) means that many people aren’t concerned with estate tax. But you should still consider saving income tax for your heirs. For example, be careful making lifetime transfers of appreciated assets. It’s true that the assets and future appreciation generated by them are removed from your estate. But a gift carries a potential income tax cost because the recipient receives your basis upon transfer. He or she could face capital gains tax on the future sale of the gifted property. If the appreciated property is held until your death, under current law, the heir will get a “step-up” in basis that will reduce or wipe out capital gains tax.

Building strong firm relations demands a go-getter with fresh ideas. Luckily, we didn't have to look far! T.J.'s talent for creative solutions and his ability to energize connections make him an ideal fit for this key role. T.J. brings infectious enthusiasm and a powerful vision for our future. When asked about his philosophy on the new role, he shared, "I'm most excited about perfecting our team composition and building a cohesive group rowing in the same direction. When we are all united and striving towards the same goal, we will unlock extraordinary success for our people, our clients, and our community." We believe T.J.'s focus on building a high-performing team, prioritizing exceptional client service, and expanding our reach in the Columbus and Worthington communities will be a game-changer for Whalen CPAs. At Whalen, we believe in pushing boundaries and disrupting the norm to drive progress. We're not afraid to challenge conventional thinking and embrace innovative solutions, even if they ruffle some feathers. It's this relentless pursuit of progress that sets us apart and fuels our success. Stay tuned for more innovative solutions! #TeamworkMakesTheDreamWork #WhalenCPAs

Are You a Prime Target for Embezzlement? Many dentists are easy targets due to lack of oversight. Learn the signs and how to take control in our next post! #dentistry #dentalpractice #embezzlement

Auditing warehouse operations for inefficiencies can help improve productivity and boost profits. Experienced outsiders may be able to spot potential problems and suggest solutions that you haven’t yet considered.

Hakuna Matata with these amazing colleagues! We had a roaring good time at the Lion King Musical friday night. Definitely felt the circle of life vibes with these folks. Special shoutout to Rafiki - you stole the show for me! #TheLionKing #TheWhalenWay

Shocking Stats: Dentists are Prime Targets for Embezzlement! Click below to learn how to protect your practice: Did you know 70% of dentists will experience employee theft? Embezzlement is a serious threat, often hidden for years. Learn the signs and how to safeguard your practice! #dentistry #dentalpractice #embezzlement