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Annual Reporting Requirement for Pennsylvania Business Owners in 2025

The online portal for Pennsylvania business owners to file an annual report opened on January 6th. Most domestic and foreign filing associations are required to file an annual report in 2025. Details of the filing requirement are below. For additional information, please visit the Commonwealth of Pennsylvania website at dos.pa.gov/AnnualReports or call 717-787-1057 for more […]

UPDATE: BOI REPORTING DEADLINE ON HOLD–Voluntary Submission Only

UPDATE AS OF January 23, 2025: FinCEN says BOI reporting remains on hold The following alert was updated on the FinCEN website regarding Beneficial Ownership Information. Alert: Ongoing Litigation – Texas Top Cop Shop, Inc., et al. v. McHenry, et al., No. 4:24-cv-00478 (E.D. Tex.) & Voluntary Submissions [Updated January 24, 2025] In light of a recent federal […]

URGENT: BOI Reporting Requirement Deadline January 13, 2025

SEE 12/30/2024 UPDATE REGARDING BOI REPORTING ON HOLD: Click here. Due to a federal Court of Appeals decision made on December 23, 2024, reporting companies are once again required to file beneficial ownership information (BOI) with FinCEN. The new deadline for most firms is January 13, 2025. The Department of the Treasury has recognized that […]

Year-End Payroll Processing Reminders for 2024

With the final weeks of 2024 fast approaching we would like to offer the following reminders to help reduce or eliminate errors while you complete year-end payroll processing. Year-end Payroll Processing Checklist Holiday Impacts If your check date falls on either of the following dates, you should adjust it to avoid delaying your employees’ payroll […]

Valuation and Litigation Briefing November/December 2024

In the November/December issue of our Valuation and Litigation Briefing, we provide information on business interruption claims, the valuation of corporate-owned life insurance (COLI) for estate tax purposes, the denial of a debtor’s discharge during bankruptcy and more. Articles in this issue: As always, if you have questions or currently in need of business valuation […]

Contractor November/December 2024

We are pleased to announce the November/December 2024 issue of Contractor is available online. In this issue, we provide 10 tips to consider when laying the foundation for accounts receivable management, areas of a contract to pay attention to during fast-tracked construction projects, and more. Articles include: As always, if you have questions on any […]

Business Ownership Information (BOI) Reporting Webinar

As we reported in our July 31, 2024 Wednesday Wisdom, domestic and foreign reporting companies that are created or registered by filing documents with the secretary of state (SOS) or similar office are subject to the Beneficial Ownership Information (BOI) Reporting requirements. This includes a corporation, an LLC, or any other entity type. The deadline to […]

Annual Inflation Adjustments for 2025

The Internal Revenue Service announced the annual inflation adjustments for tax year 2025. Detailed information on adjustments and changes to more than 60 tax provisions that will impact taxpayers when they file their returns in 2026 may be found on the IRS website in Revenue Procedure 2024-40. Changes for tax year 2025 According to the […]

Happy Boss’s Day

National Boss’s Day could not have fallen on a more fitting occasion than the day after the 10/15 tax deadline! Here at Wouch Maloney CPAs & Business Advisors, we want to take a moment to express our heartfelt gratitude for the exceptional guidance, leadership, mentoring, and wisdom that our bosses provide each day. The unwavering […]

Hurricane Milton and How to Check Charity Status Before Donating

In light of the ongoing situation surrounding Hurricane Milton, our primary concern is the safety and well-being of our valued clients, community members, and all those affected by this natural disaster. We extend our heartfelt prayers and support to our friends, family, clients, and colleagues in Florida during this challenging time. Check Charity Status Before […]