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New deduction for QPP can save significant taxes for manufacturers and similar businesses | business consulting and accounting services in bel air md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

New deduction for QPP can save significant taxes for manufacturers and similar businesses

The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production…
What you need to know about deducting business gifts | CPA in Cecil County MD | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

What you need to know about deducting business gifts

Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits when handled correctly.…
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…

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