Whalen CPAs

Congratulations to Jeff Pumplun on his promotion to Manager of Tax Services! 🎉 Jeff's expertise and dedication to our clients make him an invaluable asset to our team.

Higher-income folks may be subject to a couple extra taxes, in addition to federal income tax. Here’s an explanation of the 3.8% net investment income tax and a 0.9% additional Medicare tax.

Vinny reports, "I am looking forward to interacting with our clients more, such as going to board meetings and informing our clients how the audit went and why we are such a perfect fit for them. As a senior I feel I have the experience now to help answer questions or concerns the client might have. I am excited to begin tackling new challenges and obstacles that come my way now that I can complete audit binders from top to bottom. I am also looking forward to help train interns/new hires on all the different types of testing we do when it comes to the different types of assurance services we provide. Being able to help guide those coming into the audit department and teach them the tips and tricks I learned along the way is very fulfilling for me and will continue to help me grow which will in turn help Whalen grow."

Join with me in congratulating Molly Malone on her recent promotion. Molly had this to say about the change, “I'm absolutely thrilled to embark on this journey as Administrative Coordinator! This role presents the perfect opportunity to deepen my tax knowledge while simultaneously honing my organizational and problem-solving skills. I thrive in fast-paced environments, and I'm keen to ensure the smooth operation of the Tax Department, ultimately contributing to the success of the entire firm. Beyond streamlining operations, I'm passionate about fostering a collaborative environment across Whalen. I look forward to working alongside leadership and the team, supporting everyone in achieving their goals, and empowering others through teaching problem-solving strategies. The opportunity to contribute directly to client relations is exciting as well. I'm eager to assist our clients with their various needs and navigate the tax landscape alongside them. I’m enthusiastic about helping others in every area of my life, so the opportunity to be in a role that focuses on helping both internally and externally is really exciting.”

Want more timely financial data? Consider using “flash reports” to get a simplified snapshot of key financial metrics on a daily or weekly basis.

Taco Tuesday turned into a fashion show! 🌮 We had a blast showing off our favorite tees and enjoying delicious tacos together. It’s always great to take a break and connect with the team. #TacoTuesday #TeamBuilding #TheWhalenWay

Working capital equals the difference between current assets and current liabilities. A new study found that many companies’ working capital efficiency (as measured by the cash conversion cycle) deteriorated from 2022 to 2023. If you’ve noticed this trend at your company, there are three ways to reverse it: 1) collect receivables faster, 2) reduce inventory levels, and 3) postpone payables. Contact us to help benchmark your company’s working capital management ratios over time and against competitors. If necessary, we also can help implement strategies to improve your performance without exposing you to unnecessary risk.

Want to build a high-performing team? ⚡️ Join us for a workshop with leadership expert Erica Ishida! Learn how to create a collaborative culture, develop top talent, and drive exceptional results. Limited spots available! https://conta.cc/46C02VD #leadershipdevelopment #teambuilding #workshop

Congratulations Teri! We look forward to seeing what happens next in your new position. Here is what Teri had to say on the matter, “I have been working at Whalen since 1996. I have done many things while here, including processing tax returns, client financials, process payroll, prepare payroll taxes, tax return preparation, and they even tried me in auditing (it was like putting a round peg into a square hole - - I just didn’t fit). A financial statement is like a puzzle to me…every piece has its place and perfect fit. (Yes, I enjoy putting puzzles together.) I like to have things balance and it drives me crazy to be off even by a measly penny.  I enjoy training others and especially like it when I see something I am explaining to them actually click and they understand what I’m trying to show them. In my new position, I will enjoy being able to explore the reasoning behind some of the numbers on financials issued…why was food cost so high this month? What is going on with your labor? Why is this expense so high? Outside of Whalen, I enjoy reading Christian romance books and spending time with my husband, Steve, my son and future daughter in love, Jacob and Megan, and my granddogs (LOL) Winnie, Oakley, and Kira.”