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That email or text from the IRS: It’s a scam! | cpa in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

That email or text from the IRS: It’s a scam!

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come…
Starting a business? How expenses will be treated on your tax return | accounting firm in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Starting a business? How expenses will be treated on your tax return

Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. And the U.S. Census Bureau reports…
Hiring family members can offer tax advantages (but be careful) | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Hiring family members can offer tax advantages (but be careful)

Summertime can mean hiring time for many types of businesses. With legions of working-age kids and college students out of school, and some spouses…
Solo business owner? There’s a 401(k) for that | business consulting firms in dc | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Solo business owner? There’s a 401(k) for that

If you own a successful small business with no employees, you might be ready to set up a retirement plan. Now a 401(k) might seem way out of…
If your family owns a vacation home, address it carefully in your estate plan | estate planning cpa in baltimore county md | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

If your family owns a vacation home, address it carefully in your estate plan

For many people, the disposition of a family home is an emotionally charged estate planning issue. And emotions may run even higher with vacation…
Reduce the impact of the 3.8% net investment income tax | tax accountants in cecil county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Reduce the impact of the 3.8% net investment income tax

High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax (NIIT) that’s…

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Hunt Valley Office

20 Wight Avenue
Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

Bel Air Office

139 North Main Street
Suite 201
Bel Air, MD 21014
410.838.2237
Fax: 410.893.9527

Elkton Office

116 West Main Street
Elkton, MD 21921
410.398.1961
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