Tax Memo – Five Tips For Starting a Business
Understanding your tax obligations is one key to business success. When you start a business, you need to know about income taxes, payroll taxes and much more. Here are my [...]
About Chris Whalen, CPA
I’m Chris Whalen, CPA. For over thirty years I have been the owner and Managing Member of a Certified Public Accounting and Business Advisory firm providing a full range of income tax, accounting and advisory services for individuals and businesses. I am licensed in all states and serve clients throughout the country but extensively in Red Bank, Middletown, Rumson, Colts Neck, Holmdel, Monmouth County and Ocean County.Tax Memo – Charitable Contributions – Do These Trigger an IRS Audit?
I get this question often, especially this time of year. Many of us are very generous, but hesitate to claim all of that charitable generosity as an itemized deduction on [...]
Tax Memo – Need Your IRA Money Early? You Can Avoid Penalties
Author’s Note: This memo discusses Substantially Equal Periodic Payments (SEPP) as a strategy to avoid early withdrawal penalties. There are other ways to avoid early withdrawal penalties. Please call [...]