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Making withdrawals from your closely held corporation that aren’t taxed as dividends | Tax Accountants in Alexandria | WCS

Management Advisory Services & Business Consulting

Making withdrawals from your closely held corporation that aren’t taxed as dividends

Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend.…
tax preparation in washington dc | Let your financial statements guide you to optimal business decisions | WCS

Management Advisory Services & Business Consulting

Let your financial statements guide you to optimal business decisions

Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No matter how…
Protect your Business with a Cybersecurity Assessment | business consulting and accounting services in baltimore county | WCS

Management Advisory Services & Business Consulting

Protect your Business with a Cybersecurity Assessment

Years ago, it may have seemed like only government agencies with top-secret intel or wealthy international banks had to worry about hackers.…
Employers: The Social Security Wage Base is Increasing in 2022 | accountant in bel air md | WCS

Management Advisory Services & Business Consulting

Employers: The Social Security Wage Base is Increasing in 2022

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022…
Engaging in Customer-Focused Strategic Planning | tax accountants in baltimore city | WCS

Management Advisory Services & Business Consulting

Engaging in Customer-Focused Strategic Planning

When creating or updating your strategic plan, you might be tempted to focus on innovative products or services, new geographic locations, or…
New Per Diem Business Travel Rates became Effective October 1 | Tax Accountant in Baltimore County MD | WCS

Tax Prep, Planning & Strategy

New Per Diem Business Travel Rates became Effective October 1

Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per…

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Bel Air, MD 21014
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Fax: 410.398.1157

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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 ·
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"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