2025 Management Advisory Services & Business Consulting Insights

The tax traps of personally guaranteeing a loan to your corporation | business consulting and accounting services in harford county | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

The tax traps of personally guaranteeing a loan to your corporation

If you’re considering guaranteeing, or are asked to guarantee, a loan to your closely held corporation, it’s important to understand the…
Should your business maximize deductions for real estate improvements now or spread them out? | accountant in elkton md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Should your business maximize deductions for real estate improvements now or spread them out?

Commercial real estate usually must be depreciated over 39 years. But certain real estate improvements — specifically, qualified improvement…
The new law includes favorable changes for depreciating eligible assets | tax accountants in cecil county | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

The new law includes favorable changes for depreciating eligible assets

The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and…
The QBI deduction and what’s new in the One, Big, Beautiful Bill Act | cpa in baltimore city | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

The QBI deduction and what’s new in the One, Big, Beautiful Bill Act

The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners. It allows…
Startup costs and taxes: What you need to know before filing | business consulting services in elkton md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Startup costs and taxes: What you need to know before filing

The U.S. Census Bureau reports there were nearly 447,000 new business applications in May of 2025. The bureau measures this by tracking the number…
DOs and DON’Ts to help protect your business expense deductions | business consulting services in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

DOs and DON’Ts to help protect your business expense deductions

If you’re claiming deductions for business meals or vehicle expenses, expect the IRS to closely review them. In some cases, taxpayers have…

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Hunt Valley Office

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Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

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Bel Air, MD 21014
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Elkton, MD 21921
410.398.1961
Fax: 410.398.1157

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wcscpas Weyrich Cronin Sorra @wcscpas ·
13 Jan

One long-held rule in the nonprofit sector says that fundraising events shouldn’t cost more than 30% of their net proceeds. Here’s how to limit expenses and make your gala as profitable as possible. https://bit.ly/48ysxF3

wcscpas Weyrich Cronin Sorra @wcscpas ·
8 Jan

Health Savings Accounts offer several valuable tax benefits. But you can contribute to one only if you have a high-deductible health plan. https://bit.ly/4ruKNIa