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What types of expenses can’t be written off by your business? | business consulting and accounting services in elkton | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

What types of expenses can’t be written off by your business?

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t…
It’s important to understand how taxes factor into M&A transactions | cpa in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

It’s important to understand how taxes factor into M&A transactions

In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring…
Update on depreciating business assets | quickbooks consulting in bel air md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Update on depreciating business assets

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments.…
Guaranteeing a loan to your corporation? There may be tax implications | business consulting and accounting services in harford county | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Guaranteeing a loan to your corporation? There may be tax implications

Let’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as a guarantor, endorser or indemnitor…
Divorcing business owners should pay attention to the tax consequences | business consulting services in cecil county md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Divorcing business owners should pay attention to the tax consequences

If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate…
Receive more than $10,000 in cash at your business? Here’s what you must do | business consulting and accounting services in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Receive more than $10,000 in cash at your business? Here’s what you must do

Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the…

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Hunt Valley Office

20 Wight Avenue
Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

Bel Air Office

139 North Main Street
Suite 201
Bel Air, MD 21014
410.838.2237
Fax: 410.893.9527

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Elkton, MD 21921
410.398.1961
Fax: 410.398.1157

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wcscpas Weyrich Cronin Sorra @wcscpas ·
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"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

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