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Do you have questions about taking IRA withdrawals? We’ve got answers | cpa in harford county md | weyrich, cronin and sorra

Tax Prep, Planning & Strategy

Do you have questions about taking IRA withdrawals? We’ve got answers

Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional…
How Section 1231 gains and losses affect business asset sales | business consulting services in elkton md | weyrich, cronin and sorra

Management Advisory Services & Business Consulting

How Section 1231 gains and losses affect business asset sales

When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code,…
Maximize your 401(k) in 2025: Smart strategies for a secure retirement | tax accountant in bel air md | weyrich, cronin and sorra

Tax Prep, Planning & Strategy

Maximize your 401(k) in 2025: Smart strategies for a secure retirement

Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers…
Unlocking the mystery of taxes on employer-issued nonqualified stock options | tax accountant in baltimore county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Unlocking the mystery of taxes on employer-issued nonqualified stock options

Employee stock options remain a potentially valuable asset for employees who receive them. For example, many Silicon Valley millionaires got…
When can you deduct business meals and entertainment? | business consulting services in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

When can you deduct business meals and entertainment?

You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed…
How inflation will affect your 2024 and 2025 tax bills | tax accountants in baltimore city | weyrich, cronin and sorra

Tax Prep, Planning & Strategy

How inflation will affect your 2024 and 2025 tax bills

Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts…

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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

Latest Tweets

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