2022 Management Advisory Services & Business Consulting Insights

The tax mechanics involved in the sale of trade or business property | accountant in baltimore md | Weyrich Cronin & Sorra

Management Advisory Services & Business Consulting

The tax mechanics involved in the sale or trade of business property

There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume that the property…
Tax considerations when adding a new partner at your business | business consulting and accounting services in bel air md | Weyrich Cronin & Sorra

Management Advisory Services & Business Consulting

Tax considerations when adding a new partner at your business

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a…
Undertaking a pay equity audit at your business | business consulting services in baltimore county md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Undertaking a pay equity audit at your business

Pay equity is both required by law and a sound business practice. However, providing equitable compensation to employees who perform the same…
Eyes on related parties | business consulting firms in dc | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Eyes on related parties

Business transactions with related parties — such as friends, relatives, parent companies, subsidiaries and affiliated entities — may sometimes…
Classify your nonprofit’s workers correctly — or risk repercussions | quickbooks consulting in alexandria va | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Classify your nonprofit’s workers correctly — or risk repercussions

Many not-for-profits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling…
Tax issues to assess when converting from a C corporation to an S corporation | quickbooks consulting in washington dc | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Tax issues to assess when converting from a C corporation to an S corporation

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S corporations…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
18 Apr

Do you know about the tax implications of renting your vacation home out for part of the year. part of the year? https://bit.ly/3TVWJmp

wcscpas Weyrich Cronin Sorra @wcscpas ·
16 Apr

"If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age." https://bit.ly/4db6yG3