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There’s a favorable “stepped-up basis” if you inherit property | tax preparation in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

There’s a favorable “stepped-up basis” if you inherit property

A common question for people planning their estates or inheriting property is: For tax purposes, what’s the “cost” (or “basis”) an…
Paperwork you can toss after filing your tax return | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Paperwork you can toss after filing your tax return

Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records.…
Changes in Sec. 174 make it a good time to review the R&E strategy of your business | business consulting services in elkton md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Changes in Sec. 174 make it a good time to review the R&E strategy of your business

It’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, but it’s still having an impact. Several provisions in…
Have you recently reviewed your life insurance needs? | tax accountant in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Have you recently reviewed your life insurance needs?

Once upon a time, life insurance played a much larger part in an estate plan than it does now. Why? Families would use life insurance payouts…
Enacting a spendthrift trust can be beneficial to your loved ones | estate planning cpa in baltimore md | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Enacting a spendthrift trust can be beneficial to your loved ones

Are you concerned that some of your beneficiaries might squander their inheritances or simply aren’t equipped to handle the financial responsibilities…
Supreme Court: Overtime rules still apply to highly compensated employees | business consulting and accounting services in elkton | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Supreme Court: Overtime rules still apply to highly compensated employees

If you were told someone earns more than $200,000 annually, you might assume the person is a salaried employee who’s ineligible for overtime…

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