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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…
Planning ahead for 2024: Should your 401(k) help employees with emergencies? | quickbooks consultant in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Planning ahead for 2024: Should your 401(k) help employees with emergencies?

The SECURE 2.0 law, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that eligible…
A tax-smart way to develop and sell appreciated land | tax accountant in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

A tax-smart way to develop and sell appreciated land

Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels and sell them…
The advantages of using an LLC for your small business | tax accountant in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

The advantages of using an LLC for your small business

If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect…
Moving Mom or Dad into a nursing home? 5 potential tax implications | cpa in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Moving Mom or Dad into a nursing home? 5 potential tax implications

More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking…

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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