For small businesses, cross-training can be particularly valuable and an effective way to mitigate risk. With fewer employees, the loss of a key team member can have a significant impact on operations. By cross-training multiple employees in key functional areas, you can help to mitigate risk and ensure that your business can continue to function […]
Our fall issue of Valuation & Litigation Briefing is now available online. In this issue, topics include: As always, if you have questions or currently in need of valuation services, please reach out to John F. Maloney, CPA, CFF, CVA, ABAR at 215.675.8364. To read the September/October issue, please click here. DISCLAIMER: The WM Daily Update, […]
Fall has arrived and so has the September/October 2023 issue of Contractor. In this issue, topics include employee benefits, equipment costs, and risk management. Articles include: As always, if you have question on any of these articles or other topics, please contact Stephen Slade, CPA, or any of our construction accountants. To read this issue of […]
Recently, the IRS released Notice 2023-63, containing long-awaited interim guidance on the capitalization and amortization of Specified Research or Experimental expenditures under Section 174. Beginning in 2022, businesses involved with R&D are no longer able to currently deduct their R&D expenses. Rather, they need to capitalize and amortize those costs over time. The Notice specifically […]
Adrienne Straccione, CPA, partner, at Wouch Maloney CPAs & Business Advisors, recently earned the Certified Construction Industry Financial Professional (CCIFP) designation which places her among the most highly qualified construction financial professionals in the industry. Straccione joins an exclusive group of over 1,150 professionals nationwide who have met the rigorous standards of the CCIFP designation […]
Contractors who build or substantially reconstruct qualified energy-efficient homes may be eligible for tax credits up to $5,000 per home. The amount of the credit depends on factors including the type of home, its energy efficiency and the date when someone buys or rents it. Eligible Builders and Homes To be eligible for the credit, […]
On July 14, 2023, Stephen J. Slade, CPA, partner and tax practice leader at Wouch Maloney CPAs & Business Advisors, was interviewed on Executive Leaders Radio Show by host Herb Cohen. In addition to Stephen, other guests included: Guest co-hosts included Matthew Shapiro, Obermeyer; Kim Arnold, Meridian Bank; Caleb Hoppes, Hanlon; and Ben Asztalos, SBCS, […]
We hear about the dangers of young children using the internet without supervision but when have you taken the time to supervise the use of the internet by elderly relatives? Baby Boomers Need Online Help The internet did not exist when Baby Boomers were teens or young adults. If they wanted to transfer money, they […]
The July/August edition of Valuation and Litigation Briefing is now available. This month, articles include how to use earnouts and contingent value rights in M&A transactions; using statistical evidence in commercial litigation as it relates to liability and economic damages; and much more. Articles include: As always, if you have questions or currently in need […]
Summer construction projects are booming and it can be tempting to take on projects in nearby states. If you are a contractor based in the Philadelphia region, you may work on a construction project in nearby New Jersey, Delaware, Maryland or New York. The same can be said for New Jersey contractors who may work […]
News, ideas, and advice to keep you informed and ahead of the curve.
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