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Social Security’s future: The problem and the proposals | accounting firm in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Social Security’s future: The problem and the proposals

Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security…
Use an S corporation to mitigate federal employment tax bills | quickbooks consulting in harford county md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Use an S corporation to mitigate federal employment tax bills

If you own an unincorporated small business, you probably don’t like the size of your self-employment (SE) tax bills. No wonder! For 2023,…
Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis” | estate planning cpa in elkton md | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How…
Retirement account catch-up contributions can add up | quickbooks consulting in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Retirement account catch-up contributions can add up

If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth…
When can seniors deduct Medicare premiums on their tax returns? | estate planning cpa in baltimore md | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

When can seniors deduct Medicare premiums on their tax returns?

If you’re age 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want.…
IRS provides transitional relief for RMDs and inherited IRAs | accounting firm in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

IRS provides transitional relief for RMDs and inherited IRAs

The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin…

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Hunt Valley Office

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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 ·
14 Aug

Some birthdays come with tax consequences. Take a look at these age-related tax milestones. https://bit.ly/44VFOpp

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12 Aug

Before you open for business, learn how start-up expenses are handled on a federal tax return. https://bit.ly/44Gvp26