Wouch Maloney Team, Author at Wouch Maloney CPAs & Business Advisors

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Interim guidance issued by IRS on employer matching contributions made to retirement plans related to employee student loan payments

September 4, 2024 in Tax Services /by Wouch Maloney Team

On August 19, 2024, the IRS issued interim guidance for sponsors of 401(k) and similar retirement plans that provide, or wish to provide, matching contributions based on eligible student loan payments made by their participating employees. For the first time, employers are permitted to provide matching contributions for employees based on their payments on student […]

Third Quarter Estimated Taxes Due September 15th

August 28, 2024 in Tax Services /by Wouch Maloney Team

We are approaching the last four months of 2024 and for those of you paying estimated taxes, your 3rd quarter payment is due September 15th. If you are new to making quarterly tax payments, keep in mind that taxes must be paid through either withholding or estimated tax payments as income is earned. For those […]

Social Security Numbers and Personal Data of Billions Breached in National Public Data Cyber Attack

August 20, 2024 in Cybersecurity /by Wouch Maloney Team

Last week, we wrote about protecting your Personal Identifiable Information, and this week, we are focusing on a massive data breach that compromised the Social Security numbers and other data of millions of Americans and could now be in the hands of hackers. The data is made up of 2.9 billion records including names, mailing addresses, […]

NJ Retirement Plan for Companies with 25 or More Employees

August 7, 2024 in Business Advisory /by Wouch Maloney Team

Every New Jersey employer with 25 or more employees, who does not offer their own qualified retirement savings plan and has been in business for at least two years, is required to register with RetireReady NJ, the state-administered retirement savings program. RetireReady NJ was created to help bridge the gap in retirement savings for the […]

Keeping an Eye on the Proposed KEEP Act

July 24, 2024 in Tax Services /by Wouch Maloney Team

Earlier this month, proposed legislation cited as the Keep Every Extra Penny Act of 2024 (KEEP Act) was introduced to eliminate income taxes on overtime pay. The purpose of this Act is to amend the Internal Revenue Code of 1986 and exclude overtime compensation from gross income for purpose of the income tax. While […]

Contractor July/August 2024

July 17, 2024 in Contractor Newsletter /by Wouch Maloney Team

Welcome to the July/August issue of our Contractor newsletter. This month we include articles about financial management for contractors, an evaluation method that construction businesses may find useful to help with their bidding process and more. All articles in this issue include: As always, if you have questions on any of these articles or other […]

Valuation and Litigation Briefing July/August 2024

July 9, 2024 in Valuation Newsletter /by Wouch Maloney Team

Welcome to the July/August issue of Valuation and Litigation Briefing. This month our newsletter includes topics on: 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 July/August issue of Valuation and Litigation Briefing, click […]

Seidman Honored: 40 Under 40 and Rising Star in Pennsylvania

June 26, 2024 in Company News /by Wouch Maloney Team

We are proud to announce Eric Seidman, CPA, MBA, Partner, was honored as a 2024 Forty Under 40 Rising Star in Pennsylvania at a reception held at the DoubleTree in Philadelphia on Tuesday, June 25, 2024. According to City & State PA, “we are proud to honor forty exceptional individuals under the age of 40 […]

June 17th – Estimated Tax Payment Due

June 12, 2024 in Tax Services /by Wouch Maloney Team

The IRS issued a reminder that the 2nd quarter Estimated Tax Payment for 2024 is due on June 17th. According to the release, “Taxpayers making estimated tax payments should consider this deadline to avoid falling behind on their taxes and facing possible underpayment penalties.” Avoiding an Underpayment Penalty To avoid an underpayment penalty at tax […]

Employee or Independent Contractor

May 22, 2024 in Business Advisory /by Wouch Maloney Team

New guidance went into effect on how to determine whether a worker is an employee or an independent contractor under the Fair Labor Standards Act (FLSA) on March 11, 2024. The final rule rescinds the 2021 Independent Contractor Rule. While companies have the right to control how, when, and where employees perform work, they do […]

About Wouch Maloney Team

Entries by

Interim guidance issued by IRS on employer matching contributions made to retirement plans related to employee student loan payments

Third Quarter Estimated Taxes Due September 15th

Social Security Numbers and Personal Data of Billions Breached in National Public Data Cyber Attack

NJ Retirement Plan for Companies with 25 or More Employees

Keeping an Eye on the Proposed KEEP Act

Seidman Honored: 40 Under 40 and Rising Star in Pennsylvania

June 17th – Estimated Tax Payment Due

Employee or Independent Contractor

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