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2023 Q1 tax calendar: Key deadlines for businesses and other employers | accounting firm in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

2023 Q1 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this…
Answers to your questions about taking withdrawals from IRAs | cpa in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Answers to your questions about taking withdrawals from IRAs

As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including…
Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify? | quickbooks consultant in harford county md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Do you qualify for the QBI deduction?

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred…
What’s the difference between a springing and a nonspringing power of attorney? | estate planning cpa in alexandria va | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

What’s the difference between a springing and a nonspringing power of attorney?

Estate planning typically focuses on what happens to your children and your assets when you die. But it’s equally important (some might say…
Selling stock by year-end? Watch out for the wash sale rule | accounting firm in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Selling stock by year-end? Watch out for the wash sale rule

If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for…
Timing is everything when it comes to accounting software upgrades | tax accountant in alexandria va | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Timing is everything when it comes to accounting software upgrades

“Well, it still works, and everyone knows how to use it, but….” Do these words sound familiar? Many businesses stick with their accounting…

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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