It’s been a whirlwind week. Payroll Protection Program Loans are getting finalized and the traditional Tax Day came and went. We have new projects to focus on: the July 15th deadline and PPP Loan compliance. We will also have a focus on assisting businesses with cash flow management and budgeting in the challenging times ahead. […]
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 pandemic. The employee retention credit is available to employers, including nonprofit organizations, with operations that have been fully or partially suspended as a result […]
It’s been quite a tumultuous time, and we are happy to hear from clients who successfully applied and received loans through the Paycheck Protection Program (PPP). We also want to thank the bankers and lenders who worked tirelessly helping small business owners who applied for a loan through the PPP. The prelude to the opening […]
We hope everyone is prepared with their loan applications for the Paycheck Protection Program. The U.S. Treasury Department, the Small Business Administration and all banks have been working overtime to get money to small business owners so they can use it for payroll and other expenses. As most of you know, the original CARES Act left […]
On March 31, 2020, the IRS published instructions for eligible employers of businesses and tax-exempt organizations with fewer than 500 employees to claim refundable tax credits by completing Form 7200 for advanced payment of employer credits due to COVID-19 including qualified sick and qualified family leave wages and the employee retention credit. As stated in […]
The U.S. Department of Treasury has released the Payroll Protection Program application, important documentation regarding the Borrower Information Fact Sheet and the Lender Information Fact Sheet. This urgent information should be reviewed and completed immediately if you plan to seek a loan under this program. All loan terms will be the same for everyone. Be […]
We continue to update our list of links and phone numbers for resources related to the COVID-19 pandemic. Information for businesses and individuals is included. As always, if you are unable to find the information you need, or have a question related to your PPP loan or other relief program to help during this pandemic, […]
We want to reassure you that we are diligently working to complete your tax returns timely and assist you in any way. Our accountants are working remotely and are available to answer any questions you may have by email, phone or text. Should you expect a refund, we recommend that you file your tax return […]
The lack of definite answers regarding the length of time businesses and schools should remain closed, tax relief efforts, or how much and when federal aid to individual Americans will arrive, makes it difficult to implement an action plan for your employees, your business and yourself. Business leaders are seeking answers to many questions. New […]
Official guidance by the IRS and US Treasury Department was issued on March 18th regarding deferments available for individual, non-corporate and corporate taxpayers. According to the press release issued by the US Treasury, this Grant of Relief will allow individuals, and other non-corporate tax filers, the ability to “defer up to $1 million of federal income […]
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