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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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Business Privilege Tax Maps and 2023 Income Tax Due Dates

As the tax filing season begins, we want to continue to keep you apprised of information that may benefit you. Each year we provide Earned Income Tax and Business Privilege Tax Maps for Bucks, Chester, Delaware, and Montgomery Counties in Pennsylvania. Our team has updated the tax maps for 2023, which you will find on […]

Tax Update and Reminders for 2023

As 2023 begins, we want to take a moment to let you know there are a few items specific to 2022 that could impact your tax filing including: Some Tax Credits Return to 2019 Levels This means that affected taxpayers will likely receive a significantly smaller refund compared with the previous tax year. Changes include […]

2023 Mileage Rates

The IRS announced the 2023 standard mileage rates, effective January 1, 2023, for cars, vans, pickups or panel trucks. The below rates apply to electric and hybrid-electric automobiles as well as gasoline and diesel-powered vehicles. Business Purposes For cars, vans, pickups, or panel trucks used for business purposes, the standard mileage rate is 65.5 cents […]

The Secure 2.0 Act

On December 29, 2022, the Act known as “Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022” was signed into law by President Biden. Wouch Maloney & Company have outlined a few of the Provisions of this Law that have taken effect as of January 1, 2023. Small Employer Pension Credit A significant […]

Word to the Wise November/December 2022

The most recent issue of Word to the Wise is now available online. In this issue, article topics include: As always, if you have questions about any of the topics in this issue or need assistance regarding your personal or business tax situation, please contact us. To read this issue of Word to the Wise, please […]

Happy Holidays 2022

As we enter the last days of 2022, we want to take a moment to thank you for your friendship, camaraderie and continued business. Office Hours All of our offices will be closed on Monday, December 26, 2022, and Monday, January 2, 2023. Annual Donations In lieu of holiday cards, we continue our tradition of […]

Employee Retention Credit Scam

Over the last few years, we have helped numerous clients receive Employee Retention Credits (ERC). The ERC was a welcome benefit for employers during the pandemic. Unfortunately, we have heard that some of you have been contacted by individuals promoting improper and fraudulent tax credits. The IRS became aware of the Employee Retention Credit scam […]

Thanksgiving Greetings and Office Hours

This year, our firm started a new tradition by holding our first Friendsgiving. The joy of taking a break at the same time, learning about each other as we listened to the stories or memories of each side dish or dessert shared and sitting together for a meal was a truly wonderful experience. Plans for […]

CONTRACTOR NEWSLETTER November/December 2022

Welcome to the last issue of Contractor for 2022! This issue includes articles on a wide range of topics including strategies to combat inflation, sales and use tax, fraud and how technology plays a role in construction. Articles: Build up your defenses: 9 cash-flow strategies to combat inflation Managing your exposure to sales and use […]