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tax preparation services | Maryland Pass-Through Entities: Changes to State Tax Deduction | Weyrich, Cronin & Sorra | Baltimore, MD

Tax Prep, Planning & Strategy

Maryland Pass-Through Entities: Changes to State Tax Deduction

Following the enactment of the Tax Cuts and Jobs Act in 2018, individual taxpayers who report itemized deductions on their individual tax returns…
governmental accounting | Navigating Through the Financial Impacts of the Covid-19 Pandemic | Weyrich, Cronin & Sorra | Baltimore, MD

Governmental Accounting

Navigating Through the Financial Impacts of the Covid-19 Pandemic

As Marylanders brace for the “second wave” of the novel coronavirus COVID-19, members of the Maryland Municipal League (MML) are also bracing…
Get smart when tackling estate planning for intellectual property | Estate Planning | WCS | Baltimore, MD

Tax Prep, Planning & Strategy

Get smart when tackling estate planning for intellectual property

If you’ve invented something during your lifetime and had it patented, your estate includes intellectual property (IP). The same goes for any…
ERM: A systemic approach to reducing your nonprofit’s risks | risk management plan for nonprofit organization | WCS | Baltimore, MD

Accounting & Assurance

ERM: A systemic approach to reducing your nonprofit’s risks

Do you associate enterprise risk management (ERM) with for-profit businesses? This systemic approach to risk reduction can be just as effective…
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…

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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