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Tax-wise ways to take cash from your corporation while avoiding dividend treatment | tax accountants in alexandria | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Tax-wise ways to take cash from your corporation while avoiding dividend treatment

If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However,…
9 tax considerations if you’re starting a business as a sole proprietor | tax accountants in washington dc | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

9 tax considerations if you’re starting a business as a sole proprietor

When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship,…
Independent contractor vs. employee status: The DOL issues new final rule | cpa in bel air md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Independent contractor vs. employee status: The DOL issues new final rule

The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee…
Tax-favored Qualified Small Business Corporation status could help you thrive | accountant in elkton md | Weyrich, Cronin, and Sorra

Management Advisory Services & Business Consulting

Tax-favored Qualified Small Business Corporation status could help you thrive

Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible stock…
Should your business offer the new emergency savings accounts to employees? | tax accountant in washington dc | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Should your business offer the new emergency savings accounts to employees?

As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency savings…
Update on IRS efforts to combat questionable Employee Retention Tax Credit claims | business consulting services in washington dc | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Update on IRS efforts to combat questionable Employee Retention Tax Credit claims

The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
26 Dec

"A solo 401(k) plan is a powerful retirement savings tool if you run a one-person small business. Here’s how you can help save for a golden future and reap tax advantages." https://bit.ly/48Ot5q2

wcscpas Weyrich Cronin Sorra @wcscpas ·
24 Dec

"Changes are coming to the Social Security system in 2025 in the form of a higher wage base. Next year’s threshold amount was recently announced by the Social Security Administration. Here’s the amount, along with what it means for your business." https://bit.ly/40GSO1Q