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Employers: In 2023, the Social Security wage base is going up | cpa in baltimore county md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Employers: In 2023, the Social Security wage base is going up

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023…
Inflation means you and your employees can save more for retirement in 2023 | accounting firm in baltimore county md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Inflation means you and your employees can save more for retirement in 2023

How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced…
Year-end tax planning ideas for your small business | accountant in elkton md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Year-end tax planning ideas for your small business

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and…
Separating your business from its real estate | tax accountant in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Separating your business from its real estate

Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the business?…
Sometimes businesses need to show customers tough love | accounting firm in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Sometimes businesses need to show customers tough love

“We love our customers!” Many businesses proclaim this at the bottom of their invoices, in their marketing materials and even on the very…
Three tax breaks for small businesses | accounting firm in baltimore md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Three tax breaks for small businesses

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger…

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Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

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Bel Air, MD 21014
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wcscpas Weyrich Cronin Sorra @wcscpas ·
20h

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

wcscpas Weyrich Cronin Sorra @wcscpas ·
3 Jun

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