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Associations Should Prioritize Common Interests, Not Individual Services | Tax Accountants in Baltimore City | Weyrich, Cronin & Sorra

Non-Profits

Associations Should Prioritize Common Interests, Not Individual Services

Watch out, nonprofit trade associations! If your group is a 501(c)(6) organization, your activities could potentially threaten your tax-exempt…
Is a Health Savings Account Right for You? | accountants in DC | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Is a Health Savings Account Right for You?

Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account…
Even Nonprofits can Benefit from AI Technology | cpa in harford county | Weyrich, Cronin & Sorra

Non-Profits

Even Nonprofits can Benefit from AI Technology

You might think that artificial intelligence (AI) is just about using computers to perform complex tasks that otherwise would require human intelligence.…
Think like a Lender before Applying for a Business Loan | tax preparation in harford county | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Think like a Lender before Applying for a Business Loan

Commercial loans, particularly small business loans, have been in the news over the past year or so. The federal government’s Paycheck Protection…
Give your Staffers a Break with an Accountable Plan | accountant in harford county | Weyrich, Cronin & Sorra

Non-Profits

Give your Staffers a Break with an Accountable Plan

Accountable plans reimburse employees for work-related expenses free of federal income and employment taxes. So reimbursement payments aren’t…
Reaping the Benefits of Cause Marketing | tax accountants in baltimore city | Weyrich, Cronin & Sorra

Non-Profits

Reaping the Benefits of Cause Marketing

Starbucks, Nike, Pepsi, Uber and scores of other major companies regularly use cause marketing to burnish their image and reach customers. The…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
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Many businesses turn to independent contractors to fill open roles and reduce costs. To avoid costly issues with the IRS, it’s important to understand the key rules that govern worker classification. https://bit.ly/4kysHRv

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Learn how the “step-up in basis” rule can help heirs avoid capital gains tax when they inherit certain assets. https://bit.ly/436OsC0