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There still may be time to make an IRA contribution for last year | accountant in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

There still may be time to make an IRA contribution for last year

If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower…
Claiming losses on depreciated or worthless stock | accountant in cecil county md | Weyrich, Cronin, & Sorra

Tax Prep, Planning & Strategy

Claiming losses on depreciated or worthless stock

Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can…
Many tax limits affecting businesses have increased for 2023 | cpa in baltimore county md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Many tax limits affecting businesses have increased for 2023

An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for…
Key tax issues in M&A transactions | business consulting and accounting services in elkton | Weyrich, Cronin & Sorra

Merger & Acquisition Analysis

Key tax issues in M&A transactions

Merger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A…
Retirement plan early withdrawals: Make sure you meet the requirements to avoid a penalty | accounting firm in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Retirement plan early withdrawals: Make sure you meet the requirements to avoid a penalty

Most retirement plan distributions are subject to income tax and may be subject to an additional penalty if you take an early withdrawal. What’s…
Answers to your questions about 2023 limits on individual taxes | accounting firm in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Answers to your questions about 2023 limits on individual taxes

Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable because…

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