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Cash or accrual accounting: What’s best for tax purposes? - tax accountants in Alexandria - Weyrich, Cronin & Sorra

Accounting & Assurance

Cash or accrual accounting: What’s best for tax purposes?

Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant…
EIDL Program Retooled for Still-Struggling Small Businesses | business consulting services in Baltimore, MD | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

EIDL Program Retooled for Still-Struggling Small Businesses

For many small businesses, the grand reopening is still on hold. The rapid spread of the Delta variant of COVID-19 has mired a variety of companies…
Want to Find Out what IRS Auditors know about your Business Industry? | tax accountants in harford county | Weyrich, Cronin & Sorra

Accounting & Assurance

Want to Find Out what IRS Auditors know about your Business Industry?

In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s…
Is your Business Underusing its Accounting Software? | CPA in Cecil County | Weyrich, Cronin & Sorra

Accounting & Assurance

Is your Business Underusing its Accounting Software?

Someone might have once told you that human beings use only 10% of our brains. The implication is that we have vast, untapped stores of cerebral…
tax services | Important Tax Provisions of the Consolidated Appropriations Act | Weyrich, Cronin & Sorra | Baltimore, MD

Tax Prep, Planning & Strategy

Important Tax Provisions of the Consolidated Appropriations Act

The Consolidated Appropriations Act package signed by President Trump on December 27th after being passed by Congress on December 21st contains…
governmental accounting | Navigating Through the Financial Impacts of the Covid-19 Pandemic | Weyrich, Cronin & Sorra | Baltimore, MD

Governmental Accounting

Navigating Through the Financial Impacts of the Covid-19 Pandemic

As Marylanders brace for the “second wave” of the novel coronavirus COVID-19, members of the Maryland Municipal League (MML) are also bracing…

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Hunt Valley, MD 21030
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Bel Air, MD 21014
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wcscpas Weyrich Cronin Sorra @wcscpas ·
26 Dec

"A solo 401(k) plan is a powerful retirement savings tool if you run a one-person small business. Here’s how you can help save for a golden future and reap tax advantages." https://bit.ly/48Ot5q2

wcscpas Weyrich Cronin Sorra @wcscpas ·
24 Dec

"Changes are coming to the Social Security system in 2025 in the form of a higher wage base. Next year’s threshold amount was recently announced by the Social Security Administration. Here’s the amount, along with what it means for your business." https://bit.ly/40GSO1Q