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Advantages of keeping your business separate from its real estate | cpa in elkton md | Weyrich, Cronin & Sorra

Accounting & Assurance

Advantages of keeping your business separate from its real estate

Does your business require real estate for its operations? Or do you hold property titled under your business’s name? It might be worth reconsidering…
How your business can prepare for and respond to an IRS audit | tax preparation in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

How your business can prepare for and respond to an IRS audit

The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its…
How can you build a golden nest egg if you’re self-employed? | estate planning cpa in hunt valley md | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

How can you build a golden nest egg if you’re self-employed?

If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This…
Employers: In 2025, the Social Security wage base is going up | business consulting services in cecil county md | weyrich, cronin and sorra

Management Advisory Services & Business Consulting

Employers: In 2025, the Social Security wage base is going up

As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage…
Unlock your child’s potential by investing in a 529 plan | tax preparation in cecil county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Unlock your child’s potential by investing in a 529 plan

If you have a child or grandchild planning to attend college, you’ve probably heard about qualified tuition programs, also known as 529 plans.…
Business alert: BOI reporting requirements have been suspended for now | accounting firm in baltimore md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Business alert: BOI reporting requirements have been suspended for now

New beneficial ownership information (BOI) reporting requirements that many small businesses were required to comply with by January 1, 2025,…

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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