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What you still need to know about the alternative minimum tax after the new law | cpa in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What you still need to know about the alternative minimum tax after the new law

The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system.…
A tax guide to choosing the right business entity | tax accountants in alexandria | Weyrich, Cronin & Sorra

Accounting & Assurance

A tax guide to choosing the right business entity

One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice…
What families need to know about the new tax law | tax preparation in baltimore county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What families need to know about the new tax law

The One, Big, Beautiful Bill Act (OBBBA) has introduced significant tax changes that could affect families across the country. While many of…
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…
No tax on car loan interest under the new law? Not exactly | tax accountant in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

No tax on car loan interest under the new law? Not exactly

Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence…
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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wcscpas Weyrich Cronin Sorra @wcscpas ·
16 Sep

Launching or restructuring a business? Your choice of entity could make or break your tax strategy. Here’s a quick rundown of five entity types and their tax implications. https://bit.ly/47t51KK

wcscpas Weyrich Cronin Sorra @wcscpas ·
11 Sep

Endowments can help nonprofits navigate unexpected financial obstacles. But before you tap this resource, make sure you have a reasonable endowment spending policy in place. https://bit.ly/4mMnyq4