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Why you should keep life insurance out of your estate | Estate Accountant | WCS | Baltimore, MD

Tax Prep, Planning & Strategy

Why you should keep life insurance out of your estate

If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death…
What does the executive action deferring payroll taxes mean for employers and employees? | payroll accounting | WCS | Baltimore, Maryland

Tax Prep, Planning & Strategy

What does the executive action deferring payroll taxes mean for employers and employees?

On August 8, 2020, President Trump signed an executive memorandum that defers an employee’s portion of Social Security and Medicare taxes from…
Fortify your assets against creditors with a trust | trust accounting | WCS | Baltimore, MD

Tax Prep, Planning & Strategy

Fortify your assets against creditors with a trust

You may think of trusts as estate planning tools — vehicles for reducing taxes after your death. While trusts can certainly fill that role,…
Matching gifts double the impact of donors’ contributions | tax preparation | WCS | Baltimore, MD

Tax Prep, Planning & Strategy

Matching gifts double the impact of donors’ contributions

A majority of large U.S. companies offer matching gift programs to boost the impact of their employees’ charitable gifts. Double the Donation…
Home is where the tax breaks might be | tax services | WCS | Baltimore, MD

Tax Prep, Planning & Strategy

Home is where the tax breaks might be

If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on…
Small business owners still have time to set up a SEP plan for last year | small business accounting | WCS | Baltimore, MD

Tax Prep, Planning & Strategy

Small business owners still have time to set up a SEP plan for last year

Do you own a business but haven’t gotten around to setting up a tax-advantaged retirement plan? Fortunately, it’s not too late to establish…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
13 Feb

"New nonprofits must ask the IRS to recognize their tax-exempt status. But should you file Form 1023 or Form 1023-EZ, the easier, less expensive option? Here’s some information to help you decide." https://bit.ly/3PDkHBb

wcscpas Weyrich Cronin Sorra @wcscpas ·
11 Feb

"You may spend years building up your traditional IRA, but there is a time when you must start taking withdrawals. Here are answers to frequently asked questions about required minimum distributions." https://bit.ly/3C4uFbF