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Employee or Independent Contractor

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 […]

Contractor May/June 2024

The May/June issue of our Contractor newsletter is now available. In this issue, we discuss the pros and cons of renting, buying or leasing heavy equipment. We also delve into the fundamentals of tax accounting for construction companies. This article reviews the defining features of the cash and accrual accounting methods, as well as the […]

Valuation and Litigation Briefing May/June 2024

The May/June 2024 Valuation and Litigation Briefing is now available. Our cover story summarizes a recent Arizona divorce case where a calculation of value was used by courts to value the couple’s law firm. A sidebar explains how calculations of value differ from conclusions of value. We also include an article that explains how valuators […]

Employee & Company Awards

Recognizing employees for their contributions has always been an essential part of our culture at Wouch Maloney CPAs & Business Advisors. In 2014, we began to officially recognize one employee who truly went above and beyond during tax season by presenting them with the Tax Season Excellence Award. To receive the Tax Season Excellence Award, […]

Thank you!

Each tax season has unique challenges and learning opportunities which is why we do what we do for our clients and friends. Once the April 15th deadline passes, it is also important for us to recognize the dedication and time our entire team gave during tax season. On Friday, April 19, 2024, our office will […]

1st Quarter Estimated Tax Payments, Extensions and Other Reminders

April 15th is often associated with the filing deadline for individual tax returns, but there are additional deadlines to know including estimated tax payment dates, filing an extension, and state counties with extensions due to emergencies or extenuating circumstances. 1st Quarter Estimated Tax Payment Due April 15th Estimated tax is the method used to pay […]

May 17 Deadline to File 2020 Tax Returns

The IRS estimates over $1 billion in tax refunds remain unclaimed from 2020. Approximately 940,000 taxpayers did not file their 2020 tax returns. Under the law, taxpayers usually have three years to file and claim their tax refunds. If they don’t file within three years, the money becomes the property of the U.S. Treasury. During […]

Adrienne Straccione Honored

We are proud to announce Adrienne Straccione, CPA, CCIFP, received the 2024 Above & Beyond: Women Award, honoring distinguished women in Pennsylvania. The award was presented by City and State Pennsylvania on Tuesday, March 26, 2024, during a ceremony held at the Fitler Club in Philadelphia. City & State’s annual Above & Beyond: Women Awards […]

Contractor March/April 2024

This issue of Contractor includes reminders on liability, as it relates to a new final rule that changes the definition of “joint employer” as defined by the National Labor Relations Act. Another article of interest includes a reminder of the importance of accurate, well-produced financial statements that should be expanded as your company grows, to […]

Valuation & Litigation Briefing March/April 2024

In this issue of Valuation & Litigation Briefing, article topics include an “entire fairness” test and how fairness opinions can help avoid valuation disputes; using structured settlements to finance the sale of some closely held businesses; the method used to value a conservation easement for charitable deduction purposes and more. Articles: As always, if you […]