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Year-End Reminders

Less than two weeks remain in 2023. For this WM Wednesday Wisdom, we are providing a recap of the tax planning articles and year-end reminders we have published over the past few weeks. We want to make certain you have the information you need before December 31st. Year-End Reminders and Articles In case you missed […]

Year-End Tax Planning: Businesses

As we close in on the end of 2023, it is important for business owners to evaluate the tax impact of their 2023 operations and contact their tax advisors to review 2023 results and discuss any year end planning opportunities. During 2023, Congress passed the Inflation Reduction Act of 2022 which extended and added a […]

Contractor November/December 2023

In this issue of our Contractor newsletter, you will find the following articles: As always, if you have question on any of these articles or other topics, please contact Stephen Slade, CPA, or any of our construction accountants. To read this issue of Contractor, please click here. DISCLAIMER: The WM Daily Update, WM Wednesday Wisdom, Newsletters, […]

4th Annual Halloween Costume Contest and Community Service

The 4th annual Halloween Costume Contest took place earlier today at the Horsham office of Wouch Maloney CPAs & Business Advisors! With the last tax deadline behind us, it was time to have a little fun while helping regional nonprofits. This year, our Helps/community service committee selected multiple charities to support including Mitzvah Circle, Camp Out for […]

IRS Announces Process to Withdraw ERC Claim

Yesterday, October 19, 2023, the IRS released information on how to withdraw an ERC claim. In the release, the IRS wrote “for those who filed a claim requesting a refund for an Employee Retention Credit (ERC or ERTC) and would now like to withdraw your claim, details as to whether you can do so and, […]

Mitigate Risk by Cross-Training Employees

For small businesses, cross-training can be particularly valuable and an effective way to mitigate risk. With fewer employees, the loss of a key team member can have a significant impact on operations. By cross-training multiple employees in key functional areas, you can help to mitigate risk and ensure that your business can continue to function […]

Valuation & Litigation Briefing September/October 2023

Our fall issue of Valuation & Litigation Briefing is now available online. In this issue, topics include: As always, if you have questions or currently in need of valuation services, please reach out to John F. Maloney, CPA, CFF, CVA, ABAR at 215.675.8364. To read the September/October issue, please click here. DISCLAIMER: The WM Daily Update, […]

Contractor September/October 2023

Fall has arrived and so has the September/October 2023 issue of Contractor. In this issue, topics include employee benefits, equipment costs, and risk management. Articles include: As always, if you have question on any of these articles or other topics, please contact Stephen Slade, CPA, or any of our construction accountants. To read this issue of […]

IRS Issues Interim Guidance on R&D Expenditures

Recently, the IRS released Notice 2023-63, containing long-awaited interim guidance on the capitalization and amortization of Specified Research or Experimental expenditures under Section 174. Beginning in 2022, businesses involved with R&D are no longer able to currently deduct their R&D expenses. Rather, they need to capitalize and amortize those costs over time. The Notice specifically […]