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About Wouch Maloney Team

With Wouch Maloney on your team, you can focus on what you do best, while we focus on your accounting and business needs.

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Contractor November/December 2024

We are pleased to announce the November/December 2024 issue of Contractor is available online. In this issue, we provide 10 tips to consider when laying the foundation for accounts receivable management, areas of a contract to pay attention to during fast-tracked construction projects, and more. Articles include: As always, if you have questions on any […]

2024 Year-End Tax Planning for Individuals

We are quickly approaching the close of the 2024 tax year.  While many people are concerned about how the election will affect their finances and taxes, please keep in mind that the laws concerning tax year 2024 will not be affected. Once the new administration takes their place in January, we will be certain to keep […]

Business Ownership Information (BOI) Reporting Webinar

As we reported in our July 31, 2024 Wednesday Wisdom, domestic and foreign reporting companies that are created or registered by filing documents with the secretary of state (SOS) or similar office are subject to the Beneficial Ownership Information (BOI) Reporting requirements. This includes a corporation, an LLC, or any other entity type. The deadline to […]

Annual Inflation Adjustments for 2025

The Internal Revenue Service announced the annual inflation adjustments for tax year 2025. Detailed information on adjustments and changes to more than 60 tax provisions that will impact taxpayers when they file their returns in 2026 may be found on the IRS website in Revenue Procedure 2024-40. Changes for tax year 2025 According to the […]

Happy Boss’s Day

National Boss’s Day could not have fallen on a more fitting occasion than the day after the 10/15 tax deadline! Here at Wouch Maloney CPAs & Business Advisors, we want to take a moment to express our heartfelt gratitude for the exceptional guidance, leadership, mentoring, and wisdom that our bosses provide each day. The unwavering […]

Hurricane Milton and How to Check Charity Status Before Donating

In light of the ongoing situation surrounding Hurricane Milton, our primary concern is the safety and well-being of our valued clients, community members, and all those affected by this natural disaster. We extend our heartfelt prayers and support to our friends, family, clients, and colleagues in Florida during this challenging time. Check Charity Status Before […]

Disaster Tax Relief Announced by IRS

Individuals and businesses affected by Hurricane Helene in the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of Florida, Tennessee and Virginia will receive disaster tax relief from the IRS. According to IR-2024-253, “taxpayers in these areas now have until May 1, 2025, to file various federal individual and business tax […]

Hiring Family for Your Business

The IRS updated its guidance last month on hiring family for your business. Having a family business provides many advantages; one of course is the ability to hire family members. Keep in mind that employment tax requirements for family employees may vary from those that apply to other employees. The following information from the IRS […]

Valuation and Litigation Briefing September/October 2024

In this issue of Valuation and Litigation Briefing, our articles include: As always, if you have questions or currently in need of business valuation services, please reach out to John F. Maloney, CPA, CFF, CVA, ABAR at 215.675.8364. To read the entire September/October issue of Valuation and Litigation Briefing, click here. DISCLAIMER: The WM Update, WM […]

CONTRACTOR September/October 2024

The September/October issue of Contractor is now available online. This issue contains articles on: As always, if you have questions on any of these articles or other topics related to your construction business, please contact Stephen Slade, CPA in our Horsham office, Adrienne Straccione, CPA, CCIFP in our Philadelphia office, or any of our construction accountants. To read this […]