The July/August 2026 issue of our Valuation and Litigation Briefing is available online now. Our cover story summarizes a recent New York appellate court case regarding discount for lack of marketability (DLOM) which is a frequently litigated business valuation adjustment. Other topics include managing risk, sharing confidential information on AI platforms and more. To read […]
Earlier this month, the IRS announced new standard mileage rates. Business mileage rates will increase from 72.5 cents per mile to 76 cents beginning July 1, 2026. The IRS announcement noted that the modification of rates is due to the recent increases in the price of fuel. The following chart shows mileage rates for […]
The July/August issue of Contractor is now available. In this issue, our cover story provides tips for subcontractors to improve their success rate with prequalification lists as well as tips for general contractors on adopting a standardized approach for managing subcontractors. Other topics include the high costs associated with workers’ compensation, automating processes and more. […]
The Trump Accounts for Children program was officially launched on the 4th of July. If you did not set up accounts for your eligible children during tax season, you may set up an account by visiting the IRS website page on Trump Accounts and submitting IRS Form 4547. What is a Trump Account? A Trump […]
Happy 250th Birthday, America! On July 4, 2026, the United States will mark the 250th anniversary of when the Second Continental Congress officially adopted the final wording of the Declaration of Independence. This significant milestone is meaningful for all who call this country home. This week, our team celebrated this milestone at our Horsham office. […]
During the last quarter of 2025, the US Department of Treasury and the IRS began the transition to electronic federal payments, which included phasing out paper tax refund checks. If you filed a 2025 tax return and are expecting a refund, the fastest and most secure method to make a payment or receive a refund […]
Eric Seidman, CPA, MBA and partner at the Horsham headquarters of Wouch Maloney CPAs and Business Advisors, was elected president of the Montgomery County Estate Planning Council (MCEPC) on June 3, 2026. Prior to his election as president, Eric served as Vice President and Treasurer. Eric is the third partner at Wouch Maloney to serve […]
If you make estimated quarterly tax payments, your second quarter payment is due on Monday, June 15, 2026. This deadline affects self-employed individuals, retirees, investors, and anyone who will owe a tax amount of $1,000 or more when their return is filed. Keep in mind that federal income taxes are pay-as-you-go, meaning you pay as […]
Earlier this month, the National Tax Advocate updated their blog regarding possible refunds or abatements taxpayers (individuals, small businesses, large corporations, estate, and trusts) may be entitled to resulting from penalties and interest during the COVID-19 federal disaster period from January 20, 2020, through July 10, 2023. As you may recall, the pandemic was the […]
The One Big Beautiful Bill Act (“the Act”) provided many updates, and we want to remind you of the changes made to charitable giving in 2026. Changes include an increase in deductions for individuals who do not itemize, a new floor for those who do itemize and limits for taxpayers in the top 37% tax […]
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