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5 potential tax breaks to know before moving a parent into a nursing home | estate planning cpa in cecil county md | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

5 potential tax breaks to know before moving a parent into a nursing home

Approximately 1.3 million Americans live in nursing homes, according to the National Center for Health Statistics. If you have a parent moving…
The tax traps of personally guaranteeing a loan to your corporation | business consulting and accounting services in harford county | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

The tax traps of personally guaranteeing a loan to your corporation

If you’re considering guaranteeing, or are asked to guarantee, a loan to your closely held corporation, it’s important to understand the…
Putting a value on tangible property donations | accountant in Hunt Valley MD | Weyrich, Cronin & Sorra

Non-Profits

Putting a value on tangible property donations

If a donor suddenly offered your not-for-profit a residential property, antique jewelry or inventory from a business, would you know how to value…
Making the most of the new deduction for seniors | accounting firms in baltimore | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Making the most of the new deduction for seniors

For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful…
There’s still time for businesses to benefit from clean energy tax breaks | tax accountant in Baltimore MD | Weyrich, Cronin & Sorra

Accounting & Assurance

There’s still time for businesses to benefit from clean energy tax breaks

The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, extends or enhances many tax breaks for businesses. But the legislation…
Ready to grow your nest egg? The IRS releases 2026 retirement plan contribution limits | accountant in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Ready to grow your nest egg? The IRS releases 2026 retirement plan contribution limits

With Notice 2025–67, the IRS has issued its 2026 inflation-adjusted retirement plan contribution limits. Although the changes are more modest…

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