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The tax implications of renting out a vacation home | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The tax implications of renting out a vacation home

Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in a resort…
Update on depreciating business assets | quickbooks consulting in bel air md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Update on depreciating business assets

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments.…
IRS offers a withdrawal option to businesses that claimed ERTCs | accounting firm in baltimore county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

IRS offers a withdrawal option to businesses that claimed ERTCs

Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ concerns about the validity…
Plan now for year-end gifts with the gift tax annual exclusion | cpa in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Plan now for year-end gifts with the gift tax annual exclusion

Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones.…
Investment swings: What’s the tax impact? | accounting firm in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Investment swings: What’s the tax impact?

If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided…
4 ways to reduce volunteer risk | cpa in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

4 ways to reduce volunteer risk

Most not-for-profits regard their volunteers as invaluable assets. After all, if it weren’t for your volunteers’ dedication and commitment,…

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410.339.6464
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Bel Air, MD 21014
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Elkton, MD 21921
410.398.1961
Fax: 410.398.1157

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wcscpas Weyrich Cronin Sorra @wcscpas ·
4 Sep

Starting next year, the federal government is finally updating a burdensome business tax filing requirement that’s been around since the 1950s! Here’s what will change when paying independent contractors. https://bit.ly/41GpdFl

wcscpas Weyrich Cronin Sorra @wcscpas ·
2 Sep

Before you use AI tools to whip up a batch of grant proposals, read this. Nonprofits still need to understand the fundamentals of grant applications and carefully edit and customize any AI-generated content. https://bit.ly/4mzKKIt