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What’s the right entity type for your new business? | CPA in Baltimore City | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

What’s the right entity type for your new business?

Start-ups must choose a legal entity for their business activities. The type of entity you select affects how the business is taxed and who may…
businessman in the backseat of a car working | tax preparation baltimore county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Business and other mileage rates increase for the second half of 2026

The IRS has made a midyear increase in the standard mileage rate for business vehicle use, including for cars, SUVs, vans, pickup trucks and…
The “kiddie tax” can apply long after childhood | accountant in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The “kiddie tax” can apply long after childhood

Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to…
IRS issues guidance on QOZ program changes | tax preparation in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

IRS issues guidance on QOZ program changes

The Qualified Opportunity Zone (QOZ) program provides tax incentives to invest in designated low-income communities across the United States.…
Self-employed? Don’t overlook valuable tax deductions | tax preparation in Washington DC | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Self-employed? Don’t overlook valuable tax deductions

If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick…
Sold sign in front of a residential home with a blurred background, representing the sale of a home and potential tax implications of real estate transactions.

Tax Prep, Planning & Strategy

When the sale of an appreciated home triggers taxes — and when it doesn’t

Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains…

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