Business Succession Planning Insights

Tax Prep, Planning & Strategy

Avoid excess benefit transactions and keep your exempt status

One of the worst things that can happen to a not-for-profit organization is to have its tax-exempt status revoked. Among other consequences,…

Tax Prep, Planning & Strategy

Protecting youth sports leagues from fraud

Who would defraud a kids’ organization? The answer, unfortunately, is that trusted adults sometimes steal from not-for-profits benefiting children.…

Tax Prep, Planning & Strategy

Don’t worry! A broken trust can be fixed

There are good reasons why estate planning advisors recommend you revisit and, if necessary, revise your estate plan periodically: changing circumstances,…

Tax Prep, Planning & Strategy

Who needs an estate plan? You do!

Despite what you might think, estate planning isn’t limited to only the rich and famous. In fact, your family is likely to benefit from a comprehensive…

Tax Prep, Planning & Strategy

Leave a philanthropic legacy with a charitable remainder trust

Let’s say you’re charitably inclined but have concerns about maintaining a sufficient amount of income to meet your current needs. The good…

Tax Prep, Planning & Strategy

WCS wins ClearlyRated’s 2020 Best of Accounting Award!

WCS - WEYRICH CRONIN SORRA WINS CLEARLYRATED’S 2020 BEST OF ACCOUNTING AWARD FOR SERVICE EXCELLENCE Clients of winning firms are 1.9x more…

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Bel Air, MD 21014
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Elkton, MD 21921
410.398.1961
Fax: 410.398.1157

Latest Tweets

wcscpas Weyrich Cronin Sorra @wcscpas ·
5 Dec

"If you’re feeling generous as we head toward the holidays, you may want to give cash gifts to your loved ones. You may also want to steer clear of gift tax implications." https://bit.ly/4ex2oaX

wcscpas Weyrich Cronin Sorra @wcscpas ·
3 Dec

"A limited liability company can provide personal liability protection from creditors while delivering tax benefits. Is it right for you?" https://bit.ly/4fqOQPh