The One Big Beautiful Bill Act (OBBBA) changed the federal tax rules relating to charitable gifts, effective for the 2026 tax year. The basic charitable deduction framework remains in place but there are three changes which may impact the tax benefit of your charitable giving. A New Deduction If You Take The Standard Deduction If […]
Welcome to the September/October issue of Valuation & Litigation Briefing. Our cover story summarizes a recent case heard before the Delaware Supreme Court that provides valuable guidance on drafting earnout provisions in M&A agreements. Other topics of interest pertain to divorce and a closely held business, fairness opinions and more. Articles: As always, if you […]
Welcome to the September/October issue of Contractor. As the year draws to a close, our main article looks at year-end tax planning and net operating loss (NOL). You’ll also find tips on preventing business disruptions with a buy-sell agreement, record keeping, and other topics of interest to construction business owners. Articles in this issue: As […]
If you make quarterly estimated tax payments, the next payment is due on Tuesday, September 15, 2026. This payment is for income received during the period of June 1 – August 31, 2026. According to the IRS, “if you do not pay enough tax by the due date of each payment period, you may be […]
The IRS recently released new FAQs in Fact Sheet FS-2026-13, with updated guidance on the qualified overtime deduction that now mandates employers to report qualified overtime compensation on Form W-2, Form 1099-MISC or Form 1099-NEC for tax year 2026 and beyond. This deduction was created by the One, Big, Beautiful Bill Act (OBBBA). Reporting qualified […]
Wouch Maloney CPAs & Business Advisors was recently named as one of the 2026 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. This is the third time Wouch Maloney received this national recognition by Accounting […]
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 […]
News, ideas, and advice to keep you informed and ahead of the curve.
415 Sargon Way, Suite J
Horsham, PA 19044
Tel: 215.675.8364
Fax: 215.675.3879
1515 Market Street, Suite 1710
Philadelphia, PA 19102
Tel: 215.675.8364
Wilson Suites, Suite 201
3333 Renaissance Boulevard
Bonita Springs, FL 34134
Tel: 239.390.9990
© Copyright 2025 Wouch Maloney & Co. LLP All Rights Reserved | Disclaimer | Accessibility Statement | Privacy Policy