Insights Archives - Whitley Penn

SEC Adopts and Amends Rules for Private Equity and Hedge Funds – Audit Requirement Notice

Celebrating Hispanic Heritage Month

Tax Update – Energy Industry: Texas and Wyoming Severance Tax Exemption

Tax Update: 8/17/2023 Texas and Wyoming both provide waivers from the severance tax that is otherwise imposed on flared gas consumed on the site of a qualifying well. While the exemptions have been heralded as an incentive for cryptocurrency mining, both states’ exemptions apply broadly to stranded gas of a qualifying well that is consumed

Understanding W2s and 1099s

What’s the Difference? When it comes to tax forms, W2s and 1099s are two of the most common forms you will come across. While they both relate to taxes, it is important to understand the difference between them. A W2 form is used by employers to report the wages they paid to their employees over

Celebrating AAPI Heritage Month: Highlighting Vivian Le, Tax Senior Manager

In celebration of Asian American and Pacific Islander (AAPI) Month, we sat down with Vivian Le, Tax Senior Manager, to discuss her life, motivations, and heritage. Here is a transcript of the interview we conducted. What does Asian American and Pacific Islander Month mean to you? To celebrate Asian American Heritage Month, I was asked

4 Tips to File Your 2023 Individual Return

The 2023 tax season is here! The Internal Revenue Service (IRS) started accepting tax returns on January 23rd, 2023. See below for four quick tips to ensure that your individual filing goes smooth this year. 1. The Earlier you Start, the Better Avoid delays by getting ahead where you can, you can speed the process

Celebrating Black History Month: Highlighting Kendrick Hagins, IT Manager

In celebration of Black History Month, we sat down with Kendrick to discuss his life, motivations, and heritage. Here is a transcript of the interview we conducted. Who has served as an inspiration in your life? I have had many major influencers and contributors in my life. My wife, kids, parents, grandparents, uncles, aunts, siblings,

Social Engineering and Phishing

Have you ever received an unusual message or phone call from someone who claims to be in your organization demanding information? If your answer is yes, you may have been the victim of a social engineering attack. Social engineering is just one of many ways cyber criminals attempt to gather confidential information.  What is Social

Celebrating Hispanic Heritage Month: Highlighting Celina Cereceres, Audit Partner

In celebration of Hispanic Heritage Month, we wanted to highlight Celina Cereceres, a leader in our firm who approaches each day with gratitude, determination, and confidence. Read below and learn how Celina’s family, historical figures, and lessons learned helped shape who she is today. “Cesar Chavez, Lauro Cavazos, Ellen Ochoa and most recently Sonia Sotomayor

How Startups Can Prepare for a First Time Audit

May 12, 2022 Building something is exciting. The feeling of seeing an idea blossom into an enterprise is what entrepreneurs and innovators live for. Watching as people buy into what you are doing, as they commit capital and allow you to scale in new ways, is invigorating. Eventually this can turn into something larger, something