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Community Banking
 Key Issues For Your Next IT Exam
Our IT Director Chris Griesemer's recent presentation at the Lunch'Learn - Technical Audits, Security and Best Practices in Finance and Banking seminar covered important points for financial institutions. Read more... |
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Employee Benefit Plans
 Electronic Filing of all Form 5500s is Now Mandatory
By Kathy Hillenburg, CPA - Manager
The Department of Labor is moving to electronic filing of all Form 5500s starting January 1, 2010. Electronic filing is mandatory and the IRS will not accept paper filings for plan years beginning after January 1, 2009. Read more... |
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Taxes
 Doing Business in More Than One State? New Tax Lax to Keep in Mind.
As if the economic downturn wasn't bad enough, state taxing authorities are on the warpath - and your business may very well be in their crosshairs. With budget woes approaching crisis point across the country (witness California's well-publicized meltdown), state treasuries are stretched painfully thin. Read more... |
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Taxes
IRS Makes Case for Greater Disclosure from Businesses
In a move geared to increase transparency, the IRS has announced that corporate and other business taxpayers now subject to FIN 48 and similar financial reporting rules will be soon required to report uncertain tax positions on their annual Form 1120, U.S. Corporate Income Tax Return, or other applicable tax return.
The IRS is currently developing a separate schedule for purposes of this disclosure, and IRS Commissioner Douglas Shulman has indicated that the agency intends to move quickly with the new reporting requirement once all comments have been received. Read more... |
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Business Consulting
 Small Businesses Face Opportunities and Challenges in 2010
As 2010 unfolds, small businesses are confronted with tax challenges and opportunities on many fronts. Lackluster consumer spending, combined with tight credit, has many small businesses in a holding pattern.
There is also uncertainty over many temporary provisions in the federal Tax Code. Many incentives have expired. At the same time, small businesses are uncertain how health care reform, the fate of the federal estate tax and proposed retirement savings initiatives may impact them. Read more... |
The Whitlock Company is a full-service CPA firm. However, we excel in areas beyond traditional accounting services. We help you grow and protect your assets with our wealth management services. We offer outstanding consulting services for clients in a variety of fields including Community Banking, Manufacturing and Distribution, Not-For-Profits and Higher Education. We are not only a full-service CPA firm; we are a full-service professional services company. For more information on how we can change your business, please 
