John F. Maloney, CPA, CFF, CVA Addresses
National Electrical Contractors Association on
the American Recovery and Reinvestment Act of 2009
Horsham, PA - June, 2009 - On May 29, John F. Maloney, CPA, CFF, CVA presented to the Penn-Del-Jersey Chapter of the National Electrical Contractors Association (NECA) at the Crowne Plaza in King of Prussia. Maloney spoke on the effects of the American Recovery and Reinvestment Act on the contracting industry.
The American Recovery and Reinvestment Act of 2009 (ARRA) is a $787 billion stimulus package signed into law in February. Over $280 billion of tax relief is included, and will affect businesses, individuals, school districts, and governments. Mr. Maloney addressed provisions such as the extension of first year bonus depreciation, equipment expense election, and temporary reduction of built-in gains for S corporations, and their specific effects on the electrical contracting industry. In addition to Mr. Maloney, Michael Oscar, Executive Director of Senator Arlen Specter's office, and State Representative Tim Briggs addressed the group.
"I am happy for the opportunity to speak to a group like the NECA," says Maloney. "This stimulus package is very complex, and includes conditions that could affect the electrical contracting industry greatly. The NECA is providing a great benefit to its members by offering education on this and other current events."
John F. Maloney, CPA, CFF, CVA is a partner of the certified public accounting firm of Wouch, Maloney & Co., LLP. As partner, he has extensive experience in all areas of taxation, accounting and auditing, management consulting, and business valuation, particularly as they relate to the contracting industry. He is a member of various professional associations, including the American Institute of Certified Public Accountants, the Pennsylvania Institute of Certified Public Accountants and the National Association of Certified Valuation Analysts. He currently serves as Second Vice PResident of the Bucks County Estate Planning Council.
About Wouch, Maloney & Co., LLP
Wouch, Maloney & Co., LLP is a regional certified public accounting firm with offices in Horsham, Pennsylvania and Fort Myers, Florida that has provided closely held business and individual clients with a wide array of accounting services for over 25 years. The firm's domestic multi-state and international clients reflect a broad range of industries from real estate and construction to manufacturing, wholesale and professional service. Wouch, Maloney & Co. offers a comprehensive group of services including tax, audit and accounting, business consulting, estate planning, valuation, litigation support and forensic accounting. From developing relationships with lenders and bonding agents to preparing budgets, prequalification reports and contracts in progress schedules, Wouch, Maloney & Co. utilizes its construction accounting expertise as it assists its clients to keep a close eye on debt, cash flow, profit margins and other measures of financial health. Its staff is detailed oriented but does not lose sight of the larger goal of providing its clients with the best possible service to meet their financial needs.
