Estate & Wealth Transfer Planning Insights

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…

Tax Prep, Planning & Strategy

Is a self-directed IRA right for you?

Traditional and Roth IRAs can be powerful estate planning tools. With a “self-directed” IRA, you may be able to amp up the benefits of these…

Tax Prep, Planning & Strategy

Sec. 6166: Estate tax relief for family businesses

Fewer people currently are subject to transfer taxes than ever before. But gift, estate and generation-skipping transfer (GST) taxes continue…

Tax Prep, Planning & Strategy

The Crummey trust: Still relevant after all these years

Traditionally, trusts used in estate planning contain “Crummey” withdrawal powers to ensure that contributions qualify for the annual gift…

Tax Prep, Planning & Strategy

At the very least, update the financials in your business plan

Every new company should launch with a business plan and keep it updated. Generally, such a plan will comprise six sections: executive summary,…

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Latest Tweets

wcscpas Weyrich Cronin Sorra @wcscpas ·
7 Jan

"How does your federal tax bill affect Medicare insurance premiums? How much will monthly Medicare premiums be in 2025? Here are the answers to those and other questions." https://bit.ly/4femneJ

wcscpas Weyrich Cronin Sorra @wcscpas ·
6 Jan

The ongoing saga of the beneficial ownership information reporting requirements isn’t over. A federal appeals court and the government now say that more than 30 million businesses no longer have to file reports in January 2025. https://bit.ly/3W9Ou89