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What’s the best accounting method route for business tax purposes? | tax accountant in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What’s the best accounting method route for business tax purposes?

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method…
Get ready for the 2023 gift tax return deadline | accountant in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Get ready for the 2023 gift tax return deadline

Did you make large gifts to your children, grandchildren or others last year? If so, it’s important to determine if you’re required to file…
If you didn’t contribute to an IRA last year, there’s still time | tax preparation in hunt valley md | Weyrich, Cronin, & Sorra

Tax Prep, Planning & Strategy

If you didn’t contribute to an IRA last year, there’s still time

If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there…
If you gave to charity in 2023, check to see that you have substantiation | accounting firm in baltimore md | Weyrich, Cronin, & Sorra

Tax Prep, Planning & Strategy

If you gave to charity in 2023, check to see that you have substantiation

Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if…
New option for unused funds in a 529 college savings plan | cpa in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

New option for unused funds in a 529 college savings plan

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t…
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…

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Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

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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 ·
18 Apr

Do you know about the tax implications of renting your vacation home out for part of the year. part of the year? https://bit.ly/3TVWJmp

wcscpas Weyrich Cronin Sorra @wcscpas ·
16 Apr

"If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age." https://bit.ly/4db6yG3