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Holiday Greetings 2020

With less than 15 days remaining in 2020, we want to take a break from our Daily Updates and offer you all our best wishes this holiday season. We appreciate the kind words, feedback and support you have provided throughout the year. While no one knew our lives would still be on pause in December, we have mixed […]

Wouch Maloney Promotes Three to Partner

Wouch, Maloney & Co., LLP, an award-winning CPA and business advisory firm with offices in Pennsylvania and Florida, is proud to announce the promotion of Eric Seidman, CPA, MBA; Stephen J. Slade, CPA; and Adrienne Straccione, CPA, to partner, effective September 1, 2020. Seidman and Slade are based at the firm’s headquarters in Horsham, PA […]

Paycheck Protection Program Money Exhausted, What Options Remain?

Earlier today, news broke that funding for the Paycheck Protection Program was exhausted. The SBA posted the following message on their website: “The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. Similarly, we are unable to enroll new PPP lenders at this time.” We have heard from […]

CARES ACT: Changes to Treatment of Net Operating Loss for Corporate Taxpayers

To provide financial assistance and liquidity to taxpayers during COVID-19 outbreak, the CARES Act amends the federal income tax rules with regards to the usage of net operating losses (“NOLs”) for Corporate taxpayers.  This change provides an opportunity to create cash flow for eligible taxpayers. Five – year net operating loss (NOL) carryback The Act […]

Early Indications About Navigating Through the CARES Act

There is a lot of information on the CARES Act circulating across all media outlets in an attempt to figure out the benefits of loan programs, credits, net operating losses, etc. There are still many questions about the process of obtaining loans, the application process and the timing of receiving relief. Loans under this program […]

John Maloney on Executive Leaders Radio

On March 13, 2020, managing partner and co-founder, John Maloney, CPA, CFF, CVA, ABAR was interviewed on Executive Leaders Radio Show by host Herb Cohen. In addition to Maloney, other guests included Brian Dainis, Founder and CEO of Curotec; Melissa Sherman, PhD and CEO of MOBILion Systems Inc., and John Campbell, AIA, ARIAS, RIBA, LEED […]