Business Succession Planning Insights

Accounting & Assurance

Data analytics can help solve your nonprofit’s biggest challenges

If your not-for-profit wants to improve its budgeting, forecasting, fundraising or other functions but is having a hard time identifying both…

Tax Prep, Planning & Strategy

The BDIT: A trust with a twist

The beneficiary defective inheritor’s trust (BDIT) allows you to enjoy the benefits of a traditional trust without giving up control over your…

Accounting & Assurance

Holding a fundraising auction? Make sure your nonprofit is tax-compliant

Auctions have long been lucrative fundraising events for not-for-profits. But these events come with some tax compliance responsibilities. Acknowledging…

Tax Prep, Planning & Strategy

Choosing the best business entity structure post-TCJA

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under…

Tax Prep, Planning & Strategy

A SLAT offers estate planning benefits and acts as a financial backup plan

The most effective estate planning strategies often involve the use of irrevocable trusts. But what if you’re uncomfortable placing your assets…

Tax Prep, Planning & Strategy

Should your nonprofit hold virtual board meetings?

Your not-for-profit’s board of directors meetings don’t always need to be performed up-close and personal in the same room. Many organizations…

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Hunt Valley Office

20 Wight Avenue
Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

Bel Air Office

139 North Main Street
Suite 201
Bel Air, MD 21014
410.838.2237
Fax: 410.893.9527

Elkton Office

116 West Main Street
Elkton, MD 21921
410.398.1961
Fax: 410.398.1157

Latest Tweets

wcscpas Weyrich Cronin Sorra @wcscpas ·
2 Jan

"It may be advantageous to separate ownership of a business’s real estate from the business. But it isn’t always advisable. Here’s a look at the issues." https://bit.ly/48P0aCk

wcscpas Weyrich Cronin Sorra @wcscpas ·
31 Dec

"What triggers an IRS audit and how can you prepare if your business is selected?" https://bit.ly/3CFbIfi