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The Social Security wage base for employees and self-employed people is increasing in 2024 | accountant in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The Social Security wage base for employees and self-employed people is increasing in 2024

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024…
Choosing a business entity: Which way to go? | business consulting services in cecil county md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Choosing a business entity: Which way to go?

If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you.…
Key 2024 inflation-adjusted tax amounts for individuals | cpa in elkton md | Weyrich, Cronin, and Sorra

Tax Prep, Planning & Strategy

Key 2024 inflation-adjusted tax amounts for individuals

The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal income…
What you need to know about restricted stock awards and taxes | accountant in baltimore county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What you need to know about restricted stock awards and taxes

Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of…
11 Exceptions to the 10% penalty tax on early IRA withdrawals | accountant in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

11 Exceptions to the 10% penalty tax on early IRA withdrawals

If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before…
5 strategies to cut your company’s 2023 tax bill | accounting firm in hunt valley md | Weyrich, Cronin, & Sorra

Tax Prep, Planning & Strategy

5 strategies to cut your company’s 2023 tax bill

As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your…

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Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

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Bel Air, MD 21014
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Elkton, MD 21921
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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 ·
11 Feb

"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