Wouch, Maloney & Co., LLP Certified Public Accountants

07/22/2026

The July/August issue of Contractor is now available online. In this issue, our cover story provides tips for subcontractors to improve their success rate with prequalification lists as well as tips for general contractors on adopting a standardized approach for managing subcontractors. Other topics include the high costs associated with workers’ compensation, automating processes and more. To read this issue, please click the link below.

Our cover story has tips for subcontractors to improve their success rate with prequalification list. To learn more, read Contractor.

07/15/2026

The Trump Accounts for Children program was officially launched on the 4th of July. If you did not set up accounts for your eligible children during tax season, you may set up an account by visiting the IRS website page on Trump Accounts and submitting IRS Form 4547. To learn who is eligible, how to set up an account, when can funds be used, and more, be certain to read this week's edition of WM Wisdom.

Trump Accounts for Children under age 18 launched on July 4, 2026. To set up an account, visit the Trump Accounts website and complete IRS Form 4547.

07/08/2026

This week we are reminding taxpayers that the deadline to claim a refund for penalties and interest incurred during the COVID-19 federal disaster period from January 20, 2020 through July 10, 2023, is approaching. If you found a transaction code for penalties or interest, you will need to file a claim on or before July 10, 2026, using Form 843, Claim for Refund and Request for Abatement. Since the law in this area is still being litigated, taxpayers should also consider filing protective claims to preserve their rights. To learn more, visit

Taxpayers may be entitled to refunds resulting from penalties and interest during the COVID-19 federal disaster period from January 20, 2020, through July 10, 2023.

06/30/2026

06/24/2026

As baby boomers retire, business ownership is central to the transfer of generational wealth. For many, their business represents the largest share of their net worth. At the same time, economic uncertainty creates challenges for small business owners seeking an exit from ownership. While external and internal influences can reduce cash flow and business value, they also present opportunities for proactive planning when creating an effective exit plan. In this week's WM Wisdom, Jake Libucha, Valuation Director, shares his insights as to why creating an effective exit or succession plan can help align financial, business, and personal objectives. To learn more, please click the below link to read this issue.

Certain factors can reduce cash flow and business value, they also present opportunities for proactive planning for creating an effective exit plan.

06/17/2026

Residents of Philadelphia and nonresidents who work in the City of Philadelphia will pay a lower city wage tax beginning July 1, 2026. To learn more, be certain to read this week's WM Wisdom.

Residents of Philadelphia and nonresidents who work in the City of Philadelphia will pay a lower city wage tax beginning July 1, 2026.

06/10/2026

During the last quarter of 2025, the US Department of Treasury and the IRS began the transition to electronic federal payments, which included phasing out paper tax refund checks. If you filed a 2025 tax return and are expecting a refund, the fastest and most secure method to make a payment or receive a refund is by providing valid bank account information. If you recently changed banks or entered the wrong account information when you filed your return, you may have received a CP53E notice. To learn more, please read today's WM Wisdom.

The IRS will send a CP53E notice when their attempt to use direct deposit for your tax refund failed.

06/08/2026

Congratulations Tyler Rutter, CPA!

Join us in celebrating Tyler Rutter, who received the 2026 Young Leader Award and named a PICPA Member to Watch! 🌟 This recognition highlights his unwavering commitment to the accounting profession and his active role in both PICPA and community volunteer activities. Tyler's rapid ascent in his career and potential for future leadership inspire us all. Let's support and cheer him on as he takes the next steps in his journey!