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 […]
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 […]
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 […]
4 years in a row! Expertise is an online platform that connects people with the best local professionals. For the past four years, Expertise scored Philadelphia and Lansdale accounting firms on more than 25 variables across five categories. After the results were analyzed, their Best Accountants list is published. In 2024, Wouch Maloney CPAs & […]
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, […]
The Philadelphia Inquirer unveiled the results of their inaugural 2024 Philly Favorite campaign on April 21, 2024. Wouch Maloney CPAs and Business Advisors is proud to win the 2024 Philly Favorite silver award for favorite accounting firm. What makes this award special, is we do not know who nominated our firm for this special recognition […]
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 […]
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 […]
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 […]
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 […]
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