On December 15, 2015 House Speaker Paul Ryan announced a tentative agreement on a tax-extenders package that will arrive on the House floor by Thursday and in the Senate before the Congress breaks for the holidays. The agreement’s provisions call […]
Wouch, Maloney & Co., LLP is a regional certified public accounting firm that provides closely-held business and personal clients with a wide array of accounting services. Our domestic multi-state and international clients have come to rely on our highly technical and personalized expertise. For over twenty-five years, our firm has provided these services in a proactive, knowledgeable, and caring manner. We skillfully respond to the varied goals and needs of our clients, as we help to preserve and enhance their economic well-being.
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In 2013 the IRS paid out almost $6 billion in fraudulent tax refunds resulting from taxpayer identity theft. Such theft continues to plague the IRS. Identity thieves falsely claim tax refunds by filing fraudulent income tax returns using stolen personal […]
In 2014, the IRS issued new regulations for expensing and capitalizing costs incurred for repairs and maintenance. Those regulations established a $500 de minimis amount for expensing these items. Many CPAs commented that the threshold of $500 was far too […]
Product Pricing and Cost Analysis
Wouch, Maloney & Co., LLP successfully assisted a major client with substantially improving its profitability by performing a study of its product pricing and current cost structure. The study enabled the client to identify areas of underpricing relative to competitors, identified specific costs related to product lines and assisted the client in creating procedures to monitor specific costs and apply them to various pricing models. As a direct result of implementing changes to its product pricing, the client’s bottom line increased over 100%, strengthening the Company’s financial position considerably.
Wouch, Maloney & Co., LLP provided valuable assistance to a client in analyzing a specific investment opportunity. The investment was suboptimal for the client with respect to both tax and retirement planning based on its structure and contractual requirements. We were able to assist the client in choosing an alternative investment plan that saved substantial income taxes, preserved retirement benefits and achieved the goals desired while avoiding the financial pitfalls of the original proposal.
Mergers and Acquisitions
Wouch, Maloney & Co., LLP successfully assisted a major client with structuring a buy-in. The buy-in encompassed a commercial real estate portfolio valued at over $166 million owned by 9 separate partnerships. Advice on entity selection and extensive tax planning resulted in a structure that was acceptable to the purchaser yet enabled our client to complete the transaction at a tax cost that was several million dollars less than the taxes that would have resulted from the original proposed structure.